Stocks Worth Watching

Hi,

I just added a gadget to follow different stocks and ETN I like to keep an eye on. An interesting one right now is DXO, which goes Double Long on oil futures contract (tracks the DBO index). 6 months ago, it was as high as 30$ (although there were no volume of trading). Now it dropped all the way down to 2$ and is trading today at around 2.60$. Two weeks ago it did rise as high as 3.50$.

While I do expect this stock to go up again (oil is bound to go up in the long-term), I think that it might go down as well. Anywhere under 2$, this is a great buy and I would not even hesitate investing all my money into it. At 2.50$ it is a risk but within the year you still should be in-the-money.

There you go!