I'm looking at DIG, the double bullish ETF on oil and gas stocks, and thinking about what comes next once this panic wash-out blows over. At $20/share for this ETF, I think an easy 50-100% gain can be made within a few months on the bear market rebound. Oil went from darling to red-headed step child in the blink of an eye, but every collapse is followed by a decent dead-cat bounce and the one in DIG, given its double leverage, should be fantastic.
Since I believe we may be in the final week of yet another intermediate bear market leg plunge (roughly 21% so far over the last 7 weeks), it's time to start planning for what comes next. I think DIG is as good an ETF sector play as any for a wicked bounce higher as a short term trade to be held for 2-8 weeks. Don't be in a rush to buy too soon, as this thing could hit $15 if the final plunge turns ugly. However, at under $20/share, I think DIG is a lock for a relatively quick, very profitable trade.
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