Friday, December 19, 2008

Trade: DXO (Leveraged Oil ETF)

I entered 600 shares of DXO at $2.65. This is a new, leveraged oil ETF. Price is near lows (support), stochastic is oversold and RSI shows a positive divergence. I consider this somewhat of a speculative trade with limited risk.

2 comments:

Chris said...

Any thoughts on a stop or are you just going to watch DXO since the price is already pretty low with a clearly defined limit of $0?

sogrady1 said...

Is this an Exchange Traded Note that is subject to payment risk if Deutsche Bank folds?