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