I figure to pull the plug today on OILXF. It has been a long time and looking at it again there is to much risk. I bought alot of GM after the restructuring along with CIT group after its restructing, made a little money and will wait on the side lines for Toyota to fix there problems. They are great cars and every one has a glitch once and a while. I will give Toyota six months to see if they have a write down on there assets along with there troubled recall. Companies will take advantage of bad press to write of depreciation and amortization and looking back in there filings I haven't see any for some time on Toyota and I know they have built plants in Canada in the last three years.
I'm not recomending buying Toyota now. The thing is maybe it won't happen like I said it will.I have been known to be wrong. I would say short the stock with a put option at this time if your in that game. Granted you will have to be along way out of the money to make any due to the charges and then time is against you. It's a tough call, to risky for my self, had a hard lesson in that game better to wait for signs of a turn around like a mark to market on the assets then there are the other signs to watch for. Any how you guys are better traders then me I'm sure alot of you can't believe I rode Oilexco down too were it is today. What a fool I am, and I'm giving you guys advice.LOLOLOL
