Loading ...If oil is going down now: this would be a good buy…
I’m sick of 3x’ers. Probably buy this…
Editing to say that Pedro Deleon gave good reasons to not buy this. This is a Deutsche Bank ETF which I didn’t realize.
I just posted that info from Armstrong which makes me not want this that much more!
Going forward, I would avoid ETNs where ever possible, beyond day trading.
ESPECIALLY those issued by DB.
See instead SCO and OILD.
Risk of going out of business eh?
REALLY funny you mention OILD. I bought it and then regretted buying it today. Found this one I charted above and wished I had bought it to be less leveraged.
So currently I own OILD! Was planning on holding this until a big run had occurred and selling and buying DTO to be less leveraged. Now you’ve give me pause.
Can you share more info on why to avoid DB?
Comes down to whether Draghi can continue to do “whatever it takes”.
He’s kept it afloat for the last few years. But the future may be more challenging.
There’s been a pretty sharp focus on DB’s health going back several years now.
I’m not an insider, but where’s there smoke ….
Thanks 🙂
Ahhhh Deutsche Bank… didn’t realize what I was looking at!!
After I just posted the information from Armstrong this gives me even more pause!!
MANY of the commodity ETNs (VERY different from ETFs) are DB creatures.
And for the record, my charts favor a brief rally leg from here, not more downside.
I was expecting a large decline, but the sideways action recently took us from OB to OS on my charts.