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The fund seeks daily investment results, before fees and expenses, of 300% of the inverse of the price performance of the Russell 1000 Energy index.
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Short oil and gas? Madness
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Oil is due for a pull back after its recent run..play this for one week only.
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decay and long-term energy bet on higher prices over time
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Long term frictions from leveraged trading, and a (hopefully) long term upward trend in the market should make this a no-brainer.
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following the leader
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Following the rest of the fools.
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Following my fellow fool's!
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3x energy bear ETF
underperform reason: shorting the ultrashorts long term == free CAPS points.
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This is a play on the continued strength of the global economy as the overall market continues its recovery.
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When you look at the internal costs and statistics of these leveraged instruments, they must all underperform the market over time. If I could, I would short them in real life.
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My opinion is that markets will be declining over the next months, until there is some real relief from the debt issues. Commodities will likely be hurt too.
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Welcome to the depression. Bear market rally ending. QE is ending. The politicians are petrified of the Tea Party. Politicians in 2010 who sided with banks are going to be routed. In gold pricing the market is still crashing.
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Bearish on energy? Not just bearish, but triple bearish on energy? Oh yeah, oil & gas....no one needs that stuff anyways. It's not like we're actually going to use those things for practical purposes anytime soon! Boo to energy! *laugh*
UltraLong
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1) its energy 2) its a 3x etf
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The last thing I want to short over the intermediate to long term is energy.
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+2 Apr 10 13 put
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Ultra-shorts and Ultra-pros are all bad investments due to daily rebalancing
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chk999's
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