DB Crude Oil Double Short (AMEX:DTO)

TSIF (99.95) Submitted: 11/23/2011 11:14:59 AM : Start Price: $44.69 DTO Score: -37.09

I thought I set this one lower, but I guess I bungled it. At least this one went in in my intended direction. My range on oil has been upset slightly, but I still believe in my play.

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I have a personal bias that puts crude between $78 and $92.
Analysts are extremely wide ranging, a few even expect $6x oil next year when Libya brings it's production back online. Some other analysts are calling $200.00, but I haven't bothered to read their drivel to see what their irrationale rationale is. I should at least read it to be more balanced, or get a laugh. Part of it may be a play on Iran. If things do go South there, then I agree that I'm in trouble, but I don't invest based on low odds catalysts.
My belief is that when one spigot opens another will close.
Opec has a hard need to get $80+ per barrel to support the infrastructure and entitlements oil spawned in the region.
The economic level doesn't support greater than $90 for any length of time.
Greater than $92 oil is a result of speculation.
I'll trade equities between $78 and $88 leaving some margin.
I won't bet against speclators, so I'm not calling oil down in RL, but I will call it up if it bottoms again.

Again, my personal bias that is worth the bits it's now stored on.....