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Re: dgplexus post# 80054

Wednesday, 12/03/2008 3:06:13 PM

Wednesday, December 03, 2008 3:06:13 PM

Post# of 82595
I mentioned previously, how I'm buying DNAG with some of the profits I've made on other trades. One of these trades was, buying DTO (double short crude oil) at its bottom. It has since gained ~500%. Now I'm starting to buy its inverse, DXO (double long crude.) It's pretty much a consensus that crude oil will not remain at these levels (it will go up as the global economy gains traction.) Why is crude this cheap, then? Market irrationality (or what are people pricing in? Global thermonuclear annihilation?) Which means, good opportunity. smile

As always, looking for those extreme value plays, and putting my money where my mouth is,

Daniel Gannon
Portland, Oregon, USA