Call me crazy, but I think it's time to fade oil
buying an EFT,
HBP NYMEX Crude Oil Bear Plus ETF (HBTPF)
tries to achieve 2X the inverse of change in crude oil prices. It is down about 65% this year
Currently trading at $7.22, I'll pick up 300 shares
alright let's update the portfolio
MRK, 100 shares, $3766 - current value $3706, -1.6%
VRTX, 100 shares, $2525 - current value $3367, +33.3%
SINA, 100 shares, $5020 - current value $4165, -17.0%
HBTPF, 300 shares, $2166
overall return since 4/24: -0.6%
S&P 500 (1388.82 on 4/24): -10.4%
thanks, VRTX, you're keeping my head above water in this terribly shitty market