Should one buy USO now?

Discussion in 'ETFs' started by cepturion, Apr 21, 2020.

Buy USO?

  1. YES

    20.0%
  2. NO

    80.0%
  1. S2007S

    S2007S

    The sponsor for the exchange-traded fund, USCF, says that it will suspend the creation of shares of the ETF as oil has been beaten down due to oversupply and a lack of storage. The ETF holds between 25% and 30% of the June contract for West Texas Intermediate oil. USO saw about $1.5 billion in inflows as retail investors have tried to pick the turning point for embattled oil prices
     
    #11     Apr 21, 2020
  2. xandman

    xandman

    USCF SummerHaven Dynamic Commodity Strategy Fund
    Ticker: SDCI
     
    #12     Apr 21, 2020
  3. FrankInLa

    FrankInLa

    They won't because equally the market does not price demand mayhem 8 months out. But it does 1 and 2 months out.

     
    #13     Apr 21, 2020
    murray t turtle likes this.
  4. NQurious

    NQurious

    That would be great
     
    #14     Apr 21, 2020
  5. maxinger

    maxinger

    When I was a newbie trader, I used to do that.
     
    #15     Apr 21, 2020
  6. alyale

    alyale

    Don't do that.
     
    #16     Apr 21, 2020
  7. donnap

    donnap

    Well, zero is a pretty good put option these days:rolleyes:
     
    #17     Apr 22, 2020
  8. easymon1

    easymon1

    uso etf fiyer...
     
    #18     Apr 22, 2020
  9. %%
    OK ,looks right.
    HAVE made money with UCO + ETFs like that. But ERX which is counter -trend, cant hold that one for long.And with oil down >> 90% from $150; I would not trade any of that stuff So no, on USO...………………………………………………………………………………………………………………………...
     
    #19     Apr 22, 2020
  10. mwgwin

    mwgwin

    It must be like a right of passage, because its killing me right now and I just cant seem to be able to eat the loss. I just watch it tick all day... Im so stupid.... ugh... I finally put in a Stop Loss at $2.30... I keep tricking myself that if I just wait for the SEC to approve more shares, or for the 8 to 1 split, it will pop for a few hours to make my money back and go...
     
    #20     Apr 22, 2020