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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (6591)4/25/2008 1:54:24 PM
From: John Vosilla  Read Replies (1) | Respond to of 71461
 
Exxon and Chevron weak even with the commodity up big today.. Exxon hit an intraday low not seen since 4/16. I would like one more dip in DUG, enter a nice position with a stop a bit under the recent lows and just forget about it and see what happens<g>.. I still have a sneaking suspicion they break out a few of the major components of DUG to new highs before this is really over.. Are you in a decent sized position now? I got in the last inflection point at $35 and got stopped out at $34.50. I will sacrifice 50 cents on 8-10k shares anytime with the big chance to make 20-30 dollars a share when the next leg down comes.. This is an obvious trade a bunch of folks are now focused on but you know what happens to the obvious trade in the stock market<ng>