Should one buy USO now?

Do you think one should buy USO now for a low price?

 

You really ARE that dumb. No you should have sold crude futures. And you still should because June will go to zero as well. Dummy

 

xD

 

USO is supposed to be liquidated, best Intel I could get atm

 

You ain't gonna learn anything this way and it is much more important, than flipping few bucks with occasional luck.

Not only that you might loose money, you also can come up with a bad habit, of asking, when to buy something , even from someone who you consider educated in such topic.
(that's questionable as well, because you might think that someone has competencies, while in reality , that person is a noob - sharing illusions)

Asking what to buy and when to buy in a random forum.
That's true formula for the long term success.
(no it's not , im kidding)

Here's something practical instead :

Install TOS, then buy it with fake $. Actually buy lot's of stuff. See what happens. Then buy again the next day and the same day after day, after week, after month etc. And after one or two years, you will have some data, on what to buy and when to buy.

 

CL June $6.5 ... are we going negative today?

 

If you're thinking then NO watch list it then on to the next play. That simple

 

It is amazing how we think everything at rock bottom price equals future profit.

 

It's not that. It is because oil prices will recover at some point. Unfortunately, USO suffers shitty mechanics such as possible liquidation & contago.

 

Now the new thought is all oil contracts will go to zero until the economy is truly open for business....sounds kind of tooooooo predictable