Your charts show positive divergence. I think oil share
appreciation is disconnected to the overall market. Remember we're
discussing a cartel of price manipulation here. I expect the price
of oil to increase this year further exasperating recovery. Would
not be surprised to see DXO hit 10 by years end. I'm holding and
buying more on dips.
I don't have an answer to your question, which is a good one,
except to answer with another question. I have been trading UCO. Is
there any reason to prefer DXO over UCO, or vice-versa?
DXO
DXO opinions
Posted by geotex on 9th of Mar 2009 at 08:54 pm
Your charts show positive divergence. I think oil share appreciation is disconnected to the overall market. Remember we're discussing a cartel of price manipulation here. I expect the price of oil to increase this year further exasperating recovery. Would not be surprised to see DXO hit 10 by years end. I'm holding and buying more on dips.
do you know why DXO
Posted by Michael on 9th of Mar 2009 at 09:40 pm
do you know why DXO was up half as much as USO and OIL today, rather than twice as much?
I don't have an answer
Posted by jhsimon on 9th of Mar 2009 at 11:51 pm
I don't have an answer to your question, which is a good one, except to answer with another question. I have been trading UCO. Is there any reason to prefer DXO over UCO, or vice-versa?
Don't know -- haven't gotten
Posted by Michael on 10th of Mar 2009 at 09:10 am
Don't know -- haven't gotten to finding out what the difference is.........must be the contracts they follow.