Quote:
Originally Posted by BYU71
I stepped out today. Something looked weird. Crude down and this was down. How the hell is crude going down and I am short it and I am losing value.
Checked it out in more detail. This is tied somehow to the oil stocks in the Dow or the Dow oil index or something like that. It follow oil stocks though and they were up.
I got out. It is OK, I made $300 bucks after commissions, but I was up $600 after yesterday. Not bad for not knowing what the heck you were invested in.
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Woulda, coulda, shoulda. Didn't ever find something I was comfortable with as a proxy for oil going down. Although these weren't what I was looking for, should have held on. Price on them now is $42.92. Oil is below 90.
Oh well. It is nice to make a decent call. It is a hell of a lot better to actually put money where ones mouth is after making the call.