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5 pts

Opinion on  UltraShort Dow30 ProShares (DXD)
Fade the rate cut rally

Oct 30, 2008 02:36 PM UTC
11235
Return Risk
+0.59% LOW
Sr. Associate

It's hard to follow a rate cut when it takes months and months for bank to trust each other to begin lending.  US banks have enough to lend, the only problem is... they don't know who to lend to.  Everyone who wants money is a risk at default... and why lend money to a GM/Chrysler, SHLD, when they have the borrower has the potential of not paying the money back.

Dead cat bounce, although anything under 8,000 should be bought!


DXD:  This call was made on 10/30/08 @ $73.67
Rating:   Positive   $73.67 (10/30/08)
Closed:   11/07/2008 @ $77.89 (+5.73% in 8 days)
Target:   $75.00 (+1.81%) in Three months


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thebigkill previously rated DXD
Neutral/Hold +2.16% Quick short-term trade while DOW nears top of range
02/27/2008
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