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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (115686)	12/23/2008 12:17:38 PM
From: blind-geezer	Respond to of 206325

shortsqueeze.com looks like the short interest is low ... don't know how current the data is ... but it is taking it on the chin again, down 10% looks like it is going under 2, may be a quick spike down to 1.80 ???

To: CommanderCricket who wrote (115686)	12/23/2008 12:17:41 PM
From: upanddown	1 Recommendation Read Replies (2) \| Respond to 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