I thought you guys were all traders. Why are you concerned about where the DOW is going in the long term, its not going to happen in 2 weeks. UCO has gone from a low of 24.58 on Oct 4th to 41.99 today. A $17 gain , 70% up from the low, anybody take advantage of that ? Any BTW you guys knocked it all the way up. Where are the traders ?
I haven't knocked it... I made a bundle..Check previous posts.. I post when I buy and sell...Not after a correction as most of these loser shorts have.
That being that I have traded out most of my shares at a substantial profit. Only holding a small stake now (but it is house money). If it runs further great..I will post my share sale during market hours..
I also am beginning to eye SCO..bought a microscope number of shares @ 39.87. If UCO goes up, will likely unload when momentum slows... I will continue to slowly aquire SCO in the mean time. I like SCO at $38-39...I love SCO at $36-38... Any cheaper then that is just gravey... Once out of UCO I will load up on SCO..If oil runs wild, I will sit back and give it a breath..No rush... I wouldnt be shocked to see a market dump next week as Super Committee deadline approaches... Market dump should pull oil down with it.
There is my trade......I have traded UCO and SCO repeatedly and have made money EVERY SINGLE TIME!