Thank you all for your thoughts. I researched contango, and found out about the decay. I am easing into an OIL position.
Are there any thoughts of buying USO rather than OIL if one purchase the shares for the long term? Will one get the same results?
5/14/98: 1-7 reverse split
10/16/06: 2-5 reverse split
1/7/10: 1-8 reverse split
Last traded on March 10, 2015 at 31 cents. 31 cents is a 52 week low. Another reverse coming?
Slowly DSS sets in the west, heading to 0. Cold, dark, and starless nights ahead. Bundle up!