nearlybroke

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3 Comments

    • Mon May 12th 12:13 PM | Rating: 0 0
      Commented on:
      General Discussion on DCR
      Oil up, DCR down, oil down, DCR down, too.

      Just when I think I've made every possible bonehead investment move over the last 6 months, I manage to find the last remaining sucker trade!

      Back to mutual funds for me.
      View forum topic »
    • Sat May 10th 12:47 PM | Rating: 0 0
      Commented on:
      DCR Net Asset Value Now at Zero
      How is something like this even legal? I guess as long as they post the risks on their website, there will usually be a sucker like me to take the bait?
      View article »
    • Sat May 10th 12:46 PM | Rating: 0 0
      Commented on:
      DCR Net Asset Value Now at Zero
      I'm an idiot for not researching more thoroughly before jumping into DCR early last week. I kept buying on the way down, hoping to lower my cost basis so I could sell at close to break-even on the first day that it went up at all. Then the bottom dropped out. I'm already down 40% in 3 days.

      Now I read that if oil is above 120 on liquidation I will lose the rest of my investment? So this is now ALL the risk of an option without the benefit of the potential upside? Good GOD. Do I get out now or wait and hope that DCR might see $3 again (even briefly) before the end of June?
      View article »
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