i still like commodities, long term i'm bullish. however, i've been waiting for break even and i hit it today. u cannot make $$ in this unless u are a day trader and have time to hover all day and trade slight fluctuations. i'm not necessarily buy and hold forever but boy was i ever wrong to invest in this POS. never seen anything like it, commodities of almost every type have gone up last 2+ years but dba barely moves or goes down. must be carry cost, not sure, i'm just thrilled to get my $$ back and i'm out forever. GLTA
you people are nuts, while I agree this etf SUCKS, on sept 27th it did the double top breakout which means next stop is 39, well, unless all of the sudden the whole commodity market tanks, this baby has more room to run now.
I'm out today at $27.49. Most frustrating stock I've owned in a long time. I made a 10% profit in less than 6 months while ag commodites skyrocket. There has to be a better traker of ags than this crooked POS.
yeah, i mean that was my point. i'm not looking for a quick buck and i know what being patient means. i just don't think there is any correlation b/w the basket of commodities and dba. somebody is getting screwed and the smart $$ has already figured that out.
If you like commodities you should seriously consider buying the raw commodity on the commodity future market. Then you can expose every cent you have to the possibility that the commodity will plunge and you will be financially responsible for delivering it whatever the cost to you. I've seen a lot of smart-alex's like you go broke. When you buy SVA you are not buying a commodity. You are buying a 'chance' to make money but also buying the insurance that if you are wrong you can only lose what you have invested. I like having that insurance. You are bitter because you were dumb to buy at a bad Chart Position. The cycles on the DBA Chart are very clear and need to be respected. You must buy at the bottom,(which I did) and sell about now at the top (if you want safety). If you are a big gambler, you can stay with this chart because only a few years ago the price was 40 and we are only at 27 now. I would counsel investors (true investors, not, gamblers) to get out now and wait for it to go back to the bottom to buy---maybe nexty season. If I get out now, I have made 30% on my money in less than a year, so I am not a pig, and I am satisfied.
I agree with you in that dba is for traders..not a long term hold.
However, I think that you be getting out at the wrong time. The current trend is moving up...slowly as it may be.
Emerging markets and their needs are creating stronger demand.
Best of luck.
Patience is a virtue most investors do not have. Perhaps they buy too much of a position and expect quick returns. Usually ends in dissapointment and selling the position. Expectations must not be too high and as long as you can expect to earn better than high yield bonds over a 3 year period, stay with the position, otherwise, move on.