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ProShares UltraShort Bloomberg Crude Oil Message Board

  • lruske lruske Nov 10, 2011 12:39 PM Flag

    Looks like

    they are creating the panic/short squeeze they wanted to. When reality comes back into play those who can take the pain now should get out of this alive if they can wait. The one thing about playing oil is it always moves in both directions. It's only a matter of time. Good luck to my fellow bag holders!

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    • robbrush@bellsouth.net robbrush Nov 11, 2011 2:46 PM Flag

      Bagholder = me. And just of the heck of it, I went back to see last time SCO broke $40 and it was April this year as oil made its way to $114/bbl. And from that info, it looks like it wasted the WHOLE month of April in the $30's and into a few days of May before it made its way back to $40. So if you are going to be a true bagholder like me...you'd better have some staying power. Not too good on the old nervous system....

 
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