DXO/DTO Traders out there?

[Ivanovich]

As long as the managing fund for DXO doesn't go bankrupt and it goes to zero.

 

[Mvic]

Quote from Ivanovich:

WTF...crude up, energy stocks up, DXO flat to down. I'm beginning to think this is all a bunch of shit.

There is the USD/GDP currency component to DXO if I am not mistaken and this is what usually accounts for the deviation from USO/CL.

 

[S2007S]

I would stick with UCO.....

 

[narballs]

DXO oil 2x fund.. heard if it drops 50% in month it goes to zero?

 

[narballs]

oh yea i read part of prosectus and looks like its true, wow... any thoughts?

 

[niceneasy]

Quote from narballs:

oh yea i read part of prosectus and looks like its true, wow... any thoughts?

you are short and its going up?

 

[Haroki]

Quote from narballs:

DXO oil 2x fund.. heard if it drops 50% in month it goes to zero?

Of course not.

Oil went from 140 to 40... a 75% loss and it ain't zero.....

Oil would have to lose half in one day for DXO to go to zero. Otherwise, as days goes by, DXO takes smaller and smaller dollar cuts as the price shrinks, even though the % should be roughly 2x oil.

 

[Silentmax]

interesting disparity... looks like if you have the guns to arby this by exchanging it in, you can make a pretty penny.



PowerShares DB Crude Oil Double Long ETN
NYSE: DXO
2.47



PowerShares DB Crude Oil Double Long ETN (Intraday Indicative Value)
INDEXNYSE: DXO.IV
2.53

 

[BlackTuna]

will hold on to it till Oil hits $65

 

[Trader666]

According to the Proshares and Powershares websites, DXO is using the June light crude contract and UCO is using CLH9 (March).

Quote from Ivanovich:

WTF...crude up, energy stocks up, DXO flat to down. I'm beginning to think this is all a bunch of shit.