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ProShares UltraShort Oil & Gas Message Board

  • oc3711 oc3711 Oct 17, 2008 6:12 PM Flag

    FYI on BDI.....

    read and keep your short positions not a pretty picture

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    • I couldn't get to your precise link, but I did get to the website, and it looks like COO is getting margin calls because Baltic shippers with low oil shipment rates is going belly up, and he got a margin call on his shares of his own company.

      According to the poll, 2/3 think the drop in the price of oil is temporary, but you can't tell by business in the shipment arena.

      It actually looks bullish if they can't move the stuff, because that decreases supply, but, as a business, and that is mostly what DUG does, parallel the Dow, as a business under pressure, shipping and drilling were touted as bullet proof.

      Taint so.

      Under than exigency, shorting these companies is a good prudent and possible long term (at least one quarter's worth) move.

50.75May 25 4:00 PMEDT