Tuesday, December 16, 2008

SOLD FAZ/HELD DXO on Monday... Wassup for Tuesday

Well, i was able to watch the (digital) tape and saw FAZ bouncing back and forth 52 to 53. Sold it at $51.87...

I figured there would be some action by OPEC that would be reason enough to hold DXO. Even though it would have been a nice sell at the open and buy back at the close kind of day.

The Fed
They will likely cut rates... further depreciating the dollar and (possibly)boasting oil prices again.

I was right to have my eye on UUP puts/UDN calls... and yet i forgot about entering those positions... another day more opportunities. we shall see...

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