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Just sold half my position @ $11.48 for over a 25% profit... Holding other half because oil is now $86+/brl.If oil breaks $90 we could see UCO jump to 52 week high..Isn't this fun?
If you truly believed that oil was heading to $90, why would you sell your UCO today?
Taking some profit off the table is the smart thing to do.. If it contnues Higher I still own half my position.If it dips, I can buy back at a lower cost... Win/Win