Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: SilentZ who wrote (429240)	10/22/2008 4:27:14 PM
From: tejek	Respond to of 1572448

DUG's doing nicely today... Think I should hold on longer? Z if only I knew.......this is what's happening. Today's inventory report for oil came in higher than expected. However, OPEC is meeting on Friday.......its expected they will cut production by 1 million barrels but OPEC hardly ever does what they say they are going to do so if they say a million, it could be anywhere from 0 to a million. In any case, a million barrel cutback is already baked into the DUG stock price because we've known for a week about this meeting. If OPEC goes more than a million, that could present problems and force DUG's stock price down. That's the background. Bottomline: My preference would be to trade DUG every other day but I can't for a number of reasons. So I am holding out for the bigger move......meaning I think oil goes down to $60 and DUG goes higher......to $80 or higher. Just remember.......greedy pigs can get slaughtered. I'll let you know when this pig sells.