Riding The Gravy Train: Shorting Commodities Via DEE (PowerShares DB Commodity Double Short ETN)

Riding The Gravy Train

Beating the market is fun and profitable. This is how we do it.

Thursday, April 11, 2013

Shorting Commodities Via DEE (PowerShares DB Commodity Double Short ETN)


The chart below of DEE, the PowerShares DB Commodity Double Short ETN, suggests tremendous upside is possible while little downside remains in shorting commodities:




Disclaimer: We own DEE since mid-October, at an average cost of $26, not diarized herein.

Once the downtrend shown in green is broken, we'll probably be adding DEE.  Should closes occur below $24, which is beneath the uptrend in black, we'll definitely close our position. 



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.


To be notified when this blog is updated : Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated, not if a blog entry only contains general commentary.