Bought USO

Discussion in 'Trading' started by Ivanovich, Nov 26, 2008.

  1. Finally did it. Went to the pump and filled up for $1.75 a gallon and thought to myself. "self, this is absurd considering all the money printing going on."

    So I bought in, 400 USO @ 41.40.
  2. S2007S


    Oil might bounce back, but long term its headed below $40.
  3. Congrats!
  4. Got another idea. Aug09 RBOB gasoline futs for 1.50/gal.
  5. S2007S



    $29.94 FILLED at 3:19pm

    COST AVG $32.85.
  6. After today's inventory number; oil price goes up, isn't it saying something?

    How can you buy DUG and expecting making money? Averaging down your trade?
  7. Excellent! How much did you buy?
  8. S2007S


    Holding APPROX a little over $5000 worth.
  9. Please post your SCREENSHOT of this position.

    Thank You.
  10. S2007S


    Damn, I feel sorry for you that you dont believe me, I mean im telling you I own approx $5000 of this ETF and you still dont believe me, I own approx 160 shares between 2 accounts, my IRA and my trading account.

    I mean im down on the trade by over $500, why would I want to make this up. Come on.....
    #10     Nov 26, 2008