Word of advice...I wouldn't be short through the weekend. There might be some good news coming on Sunday.
That was in 1985!!! Since then, there are 2.2 BILLION more people living in the world consuming fossil fuels. This isn't even considering the explosion of the world's developing countries..IE..CHINA, INDIA, etc.
I really don't understand you guys. $17 is a killer price for USO. I understand contango and further downward risk, but come fellers, for every $1.70 up from your purchase price here, that is a 10% profit!!! Who cares if it takes a year or more? Let's be conservative. If this goes back to $21 by summer that is a 23% ROI!!! Don't be greedy, it will keep you up at night.
This is so true! Also, another contrarian indicator is none other than the dubious #$%$ Cramer. When he starts spouting off big time, do the opposite.
brohicious, so what stock or ETF tracks the price of WTI better? USO is one of the most popular OIL ETFs for some reason?
Contango Schmango! This thing will be back to $25 by July. The entities that control this world we live on can't afford to have oil this low for long.
What risk? It's oil we're talking about here. I'm not suggesting going all in here. Building wealth is not a sprint, it's a marathon. :)
So, in lets play your game. $30 is equivalent to a 10% average ROI in 5 years. Who wouldn't want that? Fact is, the oil Kings will not allow this low price for long. This is a great opportunity and there is no way to spin it.
Everyone deserves a piece of the pie. The sooner the hedge Fudpackers understand this, the sooner they'll stop getting their #$%$ kicked by retail. Every "idiot" knows that oil will come back. If you buy now, you can't lose if you hold it for a 1-5 years. If you buy this now, and if USO goes back to $45 within a 5 years time, it will be the equivalent of almost a 20% average ROI.
Who do you guys think your are fooling? Get a piece of the pie now!!! Who doesn't want a 20% average ROI for the next 5 years?
Why not buy now and walk away for the double? No stress place to put your money for a few years. When the big boys start jumping in, the little guy has no chance for the double. Now you do!
Oil is a buy of a lifetime right now. As a retail, would you be happy with a 19% ROI for the next 5 years?
It actually could be better than that if oil rebounds faster as I think it will. If it takes USO 5 years to go back to $40, that would be equal to roughly a 19% average ROI. Don't let the "professionals" keep you from getting a piece of the pie. They will scare you to stay out. You just need the guts to get in and stay the course.
Thanks me later!