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PowerShares DB US Dollar Bullish ETF Message Board

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  • jshaef1 jshaef1 Oct 25, 2010 8:58 AM Flag

    USD analysis - Collapse or resurrection ?

    I have a small position in UUP and I wonder to myself why. <<

    Hedge funds are trying to pump it all up again and crowding into what has worked (PMS, QQQQ, Thailand, Columbia, etc., etc)--there is no way you can time a leveraged collapse of their short dollar positions. There are worse places to be-- try something like VXX this morning :)!!! So many people have been crucified in something like that over the past year trying to call a bottom to the market. When it finally happens there will be no doubt and no need to test any levels :). have a wonderful week.

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24.87-0.17(-0.68%)Oct 6 4:00 PMEDT