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Vet67to82 (< 20)

SHORT, DOUBLE short, ULTRA short and DO WE Need Them?



February 04, 2009 – Comments (1) | RELATED TICKERS: DXO.DL.DL2 , USO , XOM

Let's see, their words, not mine, SHORT, DOUBLE short, ULTRAshort. I easily found 663 of all types of shorts:

   Stocks              ( 17 )

    Mutual Funds   ( 506 )

    ETFs:               ( 50 )

   Futures              ( 31 )

Now here are several crude ( and crude products) shorts:

   UltraShort Oil & Gas ProShares (DUG)

The investment seeks daily investment results, before fees and expenses, which correspond to twice the inverse of the daily performance of the Dow Jones U.S. Oil & Gas index. The fund normally invests 80% of assets in financial instruments with economic characteristics that should be inverse to those of the index. It may employ leveraged investment techniques in seeking its investment objective. The fund is nondiversified.

 Category: Bear Mrkt   Est Total Net Assets: 320.81 million

(2) PowerShares DB Crude Oil Short ETN (SZO)

     Category: Bear Mrkt   Est Total Net Assets  n/a

(3) Short Oil & Gas Proshares (DDG)

     Category: Bear Mrkt   Est Total Net Assets  n/a

(4)  UltraShort DJ-AIG Crude Oil ProShares (SCO)

Category: Bear Mrkt   Est Total Net Assets  n/a

(4) PowerShares DB Crude Oil Dble Short ETN  (DTO)

   The investment seeks to track the price and yield performance, before fees and expenses, 200% of the inverse daily performance of the Deutsche Bank Liquid Commodity index - Optimum Yield Oil Excess Return. The fund allows investors to take a short view on the performance of the index. The index is a rules-based index composed of futures contracts on light sweet crude oil (WTI) and is intended to reflect the performance of crude oil.  

  Note:  WTI- West Texas Intermediate is what is pipelined to and stored at  Cushing, OK

   Category: Bear Mrkt   Est Total Net Assets  n/a





1 Comments – Post Your Own

#1) On February 04, 2009 at 4:38 PM, anchak (99.90) wrote:

Please read my blog if you are interested in understanding them


Leveraged ETFs ( 1x, 2x-Ultra and 3x-Direxs) are essentially Weapons of Wealth Destruction - there is no place for them as INVESTMENT vehicles of any kind. They are either for Day-Trades or short term Swing trading.

Be very very wary of DXO.

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