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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.

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2 comments:

  1. air23cal2:09 PM

    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?

    ReplyDelete
  2. Anonymous2:22 PM

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

    ReplyDelete