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Politics : Welcome to Slider's Dugout
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To: Nixpix who wrote (15512)2/18/2009 4:04:48 PM
From: Charles Macdonald3 Recommendations  Read Replies (2) of 50428
 
I bought a slug of DXO yesterday (as posted).

I also purchased another slug today to give me roughly 50% of what I would like to own once it finds a bottom.

My two main reasons for DXO are as follows:

Locking in some trading gains on Gold and moving to Oil. (I expect the fight around $1000 to offer some additional pullback options.)

Using DXO as basically a mid to longer term option on Oil. Sure it could go below a buck (at which point I would buy another truck load sized slug), but I think the upside potential over the next 12 months outweighs the downside here. (ie - Downside is less than two bucks a share; Upside a potential 5 bagger).

I will also look to trade some of the pops (if we get any) around the core holding / reduce my avg cost.

Gold miners, under actual roof gold and silver, raw land, couple of rental houses, some guns and ammo are the bulk of my holdings. DXO is simply a move into a beaten down sector.

Why DXO today.....Nobody wanted gold shares 6 months ago either.
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