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ProShares Ultra Basic Materials Message Board

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  • apostate_001 apostate_001 Dec 29, 2008 2:01 PM Flag

    Ultra 2x are shams- read.

    The article points out a very important point about 2X funds. Create a chart that plots both DIG (ultra-long oil and gas) and DUG (ultra-short oil and gas) during the past 6 months. Shorting DIG was a money maker, but being long DUG, you eventually wound up without significant earnings, even though oil and gas took a historical plunge during the 6 months. Same result if you plot SKF (Ultra-short financials) against UYG (ultra-long financials) for the past 6 months.

    Tricky items to play.

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