Welcome back everyone! We had some winners this past Friday with Ultrashort Proshares Oil and Gas ETF (DUG). We took the ETF because we saw the oil prices too overvalued and were expecting a pull back in the oil markets. We were right, getting in DUG in the month at 12.10. We exited at the high of the day for our 2% exit range at 12.34. The oil markets ended in the green, but the morning movement downwards allowed us to get out for a solid gain. On the short sale side, we did not get into our Citigroup Inc. (C) because the stock never got to our entry range that we had wanted. So we got the solid 1/1 on the day.
Let’s get into making some money…
