oldmantrader- oil last man standingby oldmantrader on July 2nd, 2008 at 1:58 pm |
(3 votes, average: 4.33 out of 5)
Loading ...Agriculture, steel and coal are all taking “egregious” beatings Can oil be far behind? Time to go
long the DTOÂ ( 2x short etn) up to $23.00 and a stop of 22 with a target of 26.
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Seems like when you leave the slots in vegas you come around to the PG.
July 2nd, 2008 at 2:05 pmDo you need a line? I’ll provide a vig of 5%… better than those Mafia boys.
Just kidding, I feel oil is tired too. I have felt that way though for about 25 points.
Hey GW
July 2nd, 2008 at 2:16 pmIf it happens it will swift and leave some serious damage behind. The exit will be very crowded much more so than steel and coal. A guest on CNBC this morning put his target for oil at $400.00. Reminds me of the dot com era.
If you’re wrong, be quick about it.
I don’t think DTO is the way to go… Didn’t you see what happened to DCR?
I don’t know if DTO will be along long enough. You have to at least give yourself the opportunity to be right.
the way the inverse ETFs work, you’ll be stopped out before you have a chance.
Gl old man
July 2nd, 2008 at 2:25 pmBold move for an old man, particularly if you have a heart condition.
How about doing the daily double? Long DUG, Long DTO? Does that make it a quadruple?
I took your idea and tossed on some DUG as a chaser. wtf
July 2nd, 2008 at 2:43 pmJuice - you are a brave man. Stop was hit on my trade but I plan on putting it back out tomorrow. I think it makes sense when I look at how hard the ag, steel and coal have been hit
July 2nd, 2008 at 3:07 pmI’m only down a thin dime on DTO but up a full thinning $ on DUG. I didn’t realize they would act as hedges. I think the air will come out of crude shortly, unless someone lays a glove on Iran. Then a spike before the drop.
July 2nd, 2008 at 3:39 pmJuice … funny day when oil is up (DTO down) but the oil/gas stocks are down (DUG)…Odd, no?
July 2nd, 2008 at 7:32 pmNazi Pelosi and Harry “Ballsac” Reid are egregious communists, hellbent on driving our once prosperous nation into the dark ages. Oil will pullback from it’s moonshot, then go higher. Death to fuking Dumocrats…
July 2nd, 2008 at 10:29 pm