I dig DUG
It’s been awhile since I wrote about my investing activities, and I thought I’d catch up. I sold the rest of my position in Ford, because it looked like the stock was coming down to earth. I wish I hadn’t sold half my position in USO because the price of oil never went down like I thought it would.
That said, check out DUG, which got a mention on Fast Money on CNBC tonight (before I had a chance to get in
). I was looking at this one over the holiday weekend. This ETF is an ultra short oil fund, so if the price of oil drops 1%, this fund goes up 2%. I’m loving this one. All I need is one nice correction and it’s cha-CHING!! ![]()