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

To: SilentZ who wrote (432523)	11/4/2008 2:48:42 AM
From: tejek	Respond to of 1572107

You mentioned last week that you couldn't see crude going lower. However, looking at the current prices of oil stocks, it looks to me they are pricing in a much lower price for crude.....at least $50 per barrel. We'll see if that happens. Shows what I know. I'm now down very close to 50% in like five months. But I'm still entirely long DXD. I don't think we've seen the worst of all of this, but if we have, then I'll find myself making more money on the job in the long run, so either way, I win... right? Your mistake was staying long DXD right before the Fed meeting last week when it was expected the feds would cut the fed rate......which they did. Tomorrow the markets should bounce off of the good quarter announced by MA after the close today. However, I question whether it will be much of a bounce because its election day. What's working in your favor is at the end of the week there is the employment report........it should be the worst one for the year. The markets will start to anticipate the report on Wed or Thurs. In addition the Dow and the Nazz will be oversold. So your DXD should bounce. As for crude, I am guessing it will go down further but I may be wrong. We'll see.