First, I never claimed to be an "oil maven". Just a retail investor with a way to easily get in and out of a commodity. I also do not strive to catch the exact top or bottom of a move. Well, everybody strives to, but it seldom works out that way. Mostly, I try to catch the meaty middle part of a move. That's what I accomplished with my short and what I will try to accomplish on the inevitable move back up once the #$%$ contest is over wrt production. I recognize the deterioration of price in ETFs like USO, but I'm not in long enough to experience much of it and there's no such thing as a free lunch. I'll pay the price for the easy in and out.
Watch and learn?! From you?! LOL!!! USO retested its low today and that made me a buyer with a toe in the water at eight bucks. Read my posting history. I have been, am, and will continue to be right on oil (started shorting when it fell below 100. I could be early - I had originally called for the turnaround in spring, and, as I have maintained, oil could slog around here for a while, but it Saudis will not let it go below 20.