Thursday, January 22, 2009

FAS and DXO

Hello!

The 2 stocks I am following the most at the moment are going down again. FAS is down 15% today to 8.34$ as we speak. The DOW broke the 8,000 ceiling and I think I will wait to see when it is going to start going up again because it seems a little too volatile right now. At 5$, this would be a great buy.

On the other end, DXO is down 7% today to 2.37$ as we speak. The futures contract on oil are going down as well. This is one that will be a great buy soon if it breaks 2.00$ again. Oil has to start going up again. The only worry I have are the banks backing up those stocks because if they go under, those ETFs might do as well...

Let's keep an eye out for those two stocks.

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