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View Full Version : A nice stock to hedge yourself in times like these

treydawg
February 29th, 2008, 10:53:52 AM
With the DOW selling off like today a good stock to hedge your investments is QID.

This stock is double short the DOW. So what this means is if the DOW goes down 1.5%, the stock will go up 3%. Vise versa if it goes up.
sukie
February 29th, 2008, 10:59:37 AM
That's pretty cool. Kinda like laying the don't pass line in craps.
treydawg
February 29th, 2008, 11:02:23 AM
Yep, it rocks :rock:
anEinherjer
March 3rd, 2008, 5:49:30 PM
Oh man, that's a creepy one. It occurs to me that the existance of this pisses Pete off. :)
billsin2050
March 19th, 2008, 12:29:18 PM
With the DOW selling off like today a good stock to hedge your investments is QID.

This stock is double short the DOW. So what this means is if the DOW goes down 1.5%, the stock will go up 3%. Vise versa if it goes up.

This stock index will be extremely cyclical and volatile in the current market conditions, so for people interested in it, please understand that based on historical data this could be a riskier long term investment, but could do very well in the short term
35Pete
March 29th, 2008, 6:58:58 AM
Oh man, that's a creepy one. It occurs to me that the existance of this pisses Pete off. :)

Derivatives and other financial "tricks" irk me to no end.

Instead of investing in a company, you're sitting at the blackjack table.

Nuts.
35Pete
March 29th, 2008, 7:00:31 AM
Trey.

There is no easy way to make money. Do the legwork, check out the fundamentals.

A very successful man once said: "Put ALL of your eggs in one basket but guard that basket very closely".

Know who?
treydawg
March 30th, 2008, 12:39:11 AM
Fundamentals mean precisely squat in this market, unfortunately.
sukie
March 30th, 2008, 11:14:58 AM
Fundamentals are important long term of course.
35Pete
March 30th, 2008, 11:31:56 AM
Fundamentals mean precisely squat in this market, unfortunately.

Why do you think I am not in "that" market?
sukie
March 30th, 2008, 11:33:45 AM
Pete, there is a ETF "SLV" that I am watching. in the last 3 months it has gone from 155-160 to 195-200 and back down again. I am considering buying and selling repeatedly.
treydawg
March 30th, 2008, 9:40:16 PM
Why do you think I am not in "that" market?

Never said you weren't. :slam:
anEinherjer
March 31st, 2008, 9:26:53 AM
Yeah, market timing and rolling and all that shit... works like a charm! Yeah! Yikes.
treydawg
March 31st, 2008, 1:29:36 PM
Derivatives and other financial "tricks" irk me to no end.

Instead of investing in a company, you're sitting at the blackjack table.

Nuts.

You're sitting at the blackjack table with any stock. Anything can happen at any given point of time. Fundamentals have their place just as technicals do. I agree with you about some of the madness that takes place; however, it just doesn't work as it should.