This is why Terry knows all. Terry sees all.
Why would the Saudi's come all this way, pump all this oil, to put a lot of other small players out of business, then 6 months later slow production. They're not going to do it. They've come this far, they want to make sure other players are OUT of the business. They need the prices to be lower, for longer.
They might give this lip service, but they're not going to cut production yet.
WRONG ANSWER. YES, this CAN go to zero. If oil drops 34% in one day, and this is a 3x inverse fund.... then it can be ZERO.
Oh my God. The "always a loser" Earthday3015. What are you doing here? I remember you telling everyone how oil was going to go UP back in early July. What ever happened to that? I told you that you were a moron back then. Have you now accepted me as your Lord and Savior? Are you willing to repent as to how stupid you were back then? If so, perhaps I will take pity on you and tell you what your next move should be.
Terry is the BEST!
Post your question to Terry. He will likely respond back. He's been the kingpin around here, by a long shot.
Uh-oh. Yahoo symbols came up in place of other keys I typed. $5.90 is what I was saying.
Terry said we'd see 79 cents on this fund when it was at $2.71. We now hit a low of 68 cents or so (or $6.80 at the new reverse split price). Terry said this fund could see as low #$%$90 now. Not saying it WILL happen, but it is in the cards.
ExpresstothemoRon, you're a moron. This is an El Nino year. Winter will be warmer, and most people use natural gas, not oil, to heat their homes. Further, this fund is now at $8.20. $20 is a far way off, chump. Your dreams aren't going to make oil go up, you loser.
Just curious how far out this will be.
How are all you BAG HOLDERS doing today?