$ 50.00 CALL
Buy 'more' on the dip!
Transocean (RIG): Has 3,752 months of rigs under contract, or an average of about 26 months of backlog for every rig in the fleet. That translates to a dollar value of backlog of $41.1 billion, as of Nov. 3, 2008. can you say ? ... cancellations!
BOTD Strategy ... unknown.
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Energy Index. The fund normally invests at least 80% of net assets in Financial Instruments that, in combination, provide leveraged and unleveraged exposure to the Energy Index, and the remainder in Money Market Instruments. It also holds Money Market Instruments. The fund is nondiversified.
ERY ... Overview
Category = Bear Market
Expense Ratio 0.95%
Net Asset Value (as of 12/18/2008) $42.41
Premium / Discount (as of 12/18/2008) -0.73%
Total Net Assets $7.8 M
Inception Date 11/06/2008