Wednesday, March 16, 2011

SCO: Stopped Out

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Itz Pix was stopped out of the Proshares Ultra Short DJ-AIG Crude Oil ETF (SCO) this morning @ $48. WTI Oil was up on geopolitical concerns as there was increased violence in Bahrain. Worry that it will spill over into Saudi Arabia. Itz entered SCO on March 10th @ $43.60 exits @ $48 for a $4.40 profit or +10% in 5 days.

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