Wednesday, April 16, 2008

Stock pick.

It's been a while since I provided a stock pick but here is one I felt was compelling enough for me to share. This is a Commodity index ETF and goes by the ticker symbol DBC. Bought it two weeks back and it is already up 10% what with wheat and oil prices sky rocketing. So the next time you fill gas at the pump there can actually be a reason to be smiling :)


Noob Konsultant said...

It appears that commodities are taking a huge nose dive. DBC has probably come down to the price you bought it at. It looks like (to me) a sector rotation from commodities to tech.

Silicon Valley Blogzine said...

I sold as soon as there was talk about the price of oil having peaked to insane levels defying economic theories of supply and demand. Exit was at $43. A sweet gain of over 25% :)