You can hedge your position with DUG, it is an inverse oil and gas ETF (XOM is it's biggest component). You can purchase DUG, just like a stock.
Thursday, January 17, 2008
To My Uncle @ XOM
Hey Uncle, hope everything is going ok over there in Houston. You may want to take some profits in your stock, it is now trading below the 200-day MA. The short sellers are getting ready to pounce on you. Why you need to watch to 200-day MA.
You can hedge your position with DUG, it is an inverse oil and gas ETF (XOM is it's biggest component). You can purchase DUG, just like a stock.
You can hedge your position with DUG, it is an inverse oil and gas ETF (XOM is it's biggest component). You can purchase DUG, just like a stock.
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