If do is forming a bottom today with the large short position the run would truly be tremendous. Hat could we be that lucky. Wouldn’t be our first fishing rodeo would it. I think we have a monster tuna. Out until next week.
The arbitrage between L and DO is wreaking havoc with DO. The near term is weak (it turns down at the end of the day routinely). However, I think it's a great long term (1-2 year buy). I think it will go to 100 within two years, maybe with a short squeeze alone. Best price to buy would be below 60.