Still short and even shorter. Bought more DUG yesterday. I consider this a classic blow off top. My time horizion can get longer than normal if needed.

chili    

I was looking right at it when it went below $24.50 and waited too long to buy more. I am still holding what I own ,but believe it will revisit the above mentioned price again, before the froth is over.        Don

I sold my DUG today and took a hit. The reason I sold was because USO and UNG were up, even though DIG was down. The long week-end was another reason. The only stock I own going into the long week-end is SDS.

chili   

Did anyone else get back in??  Fwiw I bought in at $28.81 per share this afternoon.

uh

I understand that bubbles take awhile to burst. The problem is that when you are on the short end, if you are way too early you can get truly hurt. My feeling is that if the FED doesn't hold tight at the end of the month (I think they will not raise rates), then the dollar gets killed and I get out but look to get back in after Labor day.

If the FED holds interest rates the way they are, the dollar should firm and we should do well with DUG. Those are my conclusions.

You guys might be on to something here.

It takes guts, I'll give you that.  I watched today's seesaw ride with some interest, from the sidelines.  

What concerns me, though, is that DUG shorts a basket of energy stocks that aren't strictly tied to the price of oil, correct?  In other words, I can envision a scenario when oil goes down but the companies you're short here don't join hands in lockstep.  What's the average P/E?  Might be something to investigate.

On the other hand, uh is in the money on his $28.81 trade.

WJ
 

Not anymore.   I just bailed at 27.94.

uh