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6 pts

Opinion on  UltraShort Oil & Gas ProShares (DUG)
Bullish on DUG ...

Aug 22, 2009 04:44 PM GMT
Return Risk
-5.77% HIGH
Associate

Based on my belief of the technicals of this economy, we are around the top of the range for oil trading. If oil continues higher, I believe will act as a drag on an economy that is already trying to balance itself. In Chicago, the price of gas is above $3 and I commit myself to taking public transportation when it hits this mental mark. I believe that's what others tend to due or they cut back on driving.

DUG:  This call was made on 08/22/09 @ $15.78
Rating:   Positive   $15.78 (08/22/09)
Gain/Loss:   -18.25% in 106 days


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swingtrader2222   N/A     1 point   commented 103 days ago reply

Though the same thing about a month ago and got hammered on the DUG. All that ETF did was DUG me a hole.

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