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September 21st, 2009 at 12:16 pm
Oxen Report Midday Message
DUG – We are going to have to adjust our exit down to about 1% as the market has rallied over the past hour on strong biotech and medical stocks. The commodity prices are still down and keeping the Dow and S&P in the red, but you can’t expect this market to swing down enough from these levels to get DUG back up to 3% gains. We will have to be happy to sell around 14.50 for 1%.
CYT – Already in and out of this short sale for 3% gain.