Seeking Alpha
  • grapeswhiz
    Someone asked me to look into shorting oil;tell me if that's a bad idea, and then,what vehicle?(I can't truly short, so e.g. an inverse ETF)
    6/22/12
    Reply (6)
    • Hypnos7: I use SCO to short 2x, UCO go long 2x. Quite liquid, tracking USO (1x WTI crude ETF) rather closely.
      6/22/12
    • Irishmedic: DUG , SCO , DTO , SZO , DDG , DNO
      6/22/12
    • Irishmedic: I have never used them nor know how liquid they are so do your research on them
      6/22/12
    • Irishmedic: As to whether it is a good idea? no clue lol, ask hillbilly or chines!
      6/22/12
    • losbronces: I never short oil overnight. The risk is something bad happens in the Persian Gulf, the price spikes & you can't exit the position quickly.
      6/22/12
    • losbronces: I've also seen price spikes when Nigerian pipelines get blown up.
      6/22/12