71 on shorting oil

[BYU71]

Originally Posted by BYU71

I stepped up to the line and bought these today at $37.66, wish me luck. If I win, it will be good for the little guys at the pump and Mike W. can share in my happiness.

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.