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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: CommanderCricket who wrote (115686)	12/23/2008 12:17:41 PM
From: upanddown	1 Recommendation Read Replies (2) of 206325

Looks like everyone is piling in short. I don't know, is it that easy to short a two buck stock? I think it has become the vehicle of choice for playing oil rallies. Why wouldn't the bears buy DTO? Is it because they don't want to put up $157 a share? DXO has about 35x the trading volume in DTO but since the DTO price is 70x DXO, the dollar volume in DTO is twice DXO. I finally bought some DXO this morning. To me, it is a $2 call on higher oil prices with no expiration date. Based on prior prices of DXO for $60 oil, it should be a double at $60. I know there will be slippages and inefficiencies along the way with these 2x ETFs but I am just going to put it away and be patient. I would be very surprised if we don't see at least a spike to 60 by the end of 2009. John

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