Friday, April 8, 2011

Add to Proshares Ultrashort Crude Oil (SCO) Position

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Itz is suggesting adding second half position Proshares UltraShort DJ-AIG Crude Oil ETF (SCO) @ $37.00. Itz entered yesterday @ $38.50, average cost basis now $37.75 and lets lower the STOP to $35

The current price of gas is capable of destroying demand, says David Greenberg, Greenberg Capital oil trader.

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