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ProShares UltraShort Oil & Gas Message Board

  • robertnafey robertnafey Jan 2, 2009 8:21 AM Flag

    i am 5000 shares at 25

    I think dug is going to be in the mid 50s beacuse xom and cvx report earnings this month. Have you guys seen gas prices at your local gas pumps? that cant be good for earnigs. And the big thing is no more bush and dick chainey to protect big oil.

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    • Except remember this. Oil bottomed out and may trade between $38 -45. Then, oil has nowhere to go but up. Geo politics and re-start of speculation. Supply will only be reduced and demand doesn't mean anything much.
      Also, a mini rally on wall street.
      So, all in all, you investment sounds like it's in trouble near term. And, deep trouble long term.

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