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ProShares Ultra Bloomberg Crude Oil Message Board

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  • phillip.nagy phillip.nagy Mar 2, 2011 12:59 PM Flag

    Now it's time to short - Bought SCO

    anything can happen, I sold my oil longs at $100. Not getting short or long here.
    Oil will drop 10% on news that Gardarfi is dead.
    However, we coudl be weeks away, during which time oil will likely rise. Why try to guess that moment and get short oil now?? huge risk. I am going to reactively short UCO once middle east has settled. Right now, middle east situation is getting worse.
    Dont try to be too clever, you will most likely lose.

 
UCO
24.39-0.27(-1.09%)Oct 24 4:00 PMEDT

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