10/20/2008 - As Oil heading toward $50, Buy DUG

ProShares UltraShort Oil & Gas ETF(DUG) was opened lower about -6 points early this morning. OPEC plans to cut output for the first time in almost two years as the worst financial crisis since the 1930s. The plan sends crude toward $50 a barrel (See the news).

Chart courtesy of Stockcharts

Related Posts :

Sweden guarantees $200 billion in bank loans, Oil Heads Toward $50, India Lowers Key Rate for the First Time Since 2004

Sources :

Please Note!
This is generally never true. Before buying or selling any stock you should do your own research and reach your own conclusion. See my Disclaimer on the bottom for more information.

You are welcome to republish this article, or any portion thereof.
Please, cite the actual/original source. I would be grateful if you could link back.