iBankCoin
Joined Jul 30, 2008
2,107 Blog Posts

Trade: DUG

New shorts:  DUG (37.15)

I can’t find any good shorts out there, so I’ll just get short an inverse ETF, which actually means I still went long.

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16 comments

  1. Gio

    LULU down. Heading under 20. Called that a month ago. Next up, OSTK.

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  2. Gio

    ANF briefly went under 50 today. AWESOME.

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  3. Danny

    anf is fucked. they done, they dead, an I ‘ate ’em. 50 is a major psychological level too. I’ve been noticing more lately how much people seem gravitated to “clean” numbers.

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  4. Trader2

    Why not buy DIG?

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  5. DPeezy

    ANF, OSTK all sound good to me. And by good I mean I hope they die and go to 0. Only people shopping at ANF are European tourists.

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  6. Danny

    and fags pretending to be European tourists

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  7. Thumb Sucking Fetus
    Thumb Sucking Fetus

    Dell had great earnings and TGT barely budged on negative news. It’s all priced in. LOL We rally tomorrow, retail, oil, materials.

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  8. http://z-stock.blogspot.com/
    http://z-stock.blogspot.com/

    Bought SCHN, which means MEA,SMS is next to buy

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  9. Gio

    MEA is a buy over 16. I guess you’re counting on X, right Z? Buy Y? A!

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  10. Gio

    DUG is more sporadic, plus way more assets…

    DUG vs DIG
    http://finance.yahoo.com/echarts?s=DIG#symbol=DIG;range=6m

    DIG vs DUG:
    http://finance.yahoo.com/echarts?s=dug#chart2:symbol=dug;range=1y;compare=dig;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined

    … and I have a “bet against oil, I will take you down” mentality.

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  11. Darwin

    Gio, bra…be careful here with DUG…I bought CVX Sep 85’s this morning as it appears oil stocks are ready to advance in front of a move north in oil…as simple as this sounds, “everyone and there mother is bearish on oil right now”…I’ll take the contrarian road on this one for the next 7-10 days. A few traders I worked with went long DIG this a.m.(of course they’ve been wrong before). Pressed my airline puts this a.m. as well. good luck…no get false craked bra.

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  12. Gio

    Darwin… I shorted DUG. So, that means I’m bullish on oil.

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  13. Darwin

    You need to talk pidgeon then…cause ah no can unnastan you bra! sorry huh.

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  14. Gio

    Oh sorry eh brah, I stay shorted da kine, I nevah went long em, cuz u you, das right.

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  15. Darwin

    Tanx, no worries bradda.

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  16. Dave

    Hawaiian minds think alike. I bought DUG puts a little while back but have lost so far due to time value decay. I’m looking around $32 to get out.

    GIO, what’s your currenly preferrred exit strategy?

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