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November 3rd, 2009 at 12:00 pm
Oxen Report Midday Message
Well, well, well…today was definitely not a good day for me and the markets. I completely misread my play this morning and actually really went against some of my market risk aversion institutions I have established. I should have abandoned DUG when it was up over 4% in the pre-market. We got stopped out for a 3% loss on our 12.75 buy in. Those of you who got in later for a cheaper price and are still holding, you want to be careful to not expect more than 1 -2%. While I do think the market is going lower today, DUG is not moving like I was thinking it would. I would not hold waiting for this to get back to 13.
Good Investing!