Twicesold. You currently are not an owner of UCO. Do you plan on owning again? Did you sell for a loss? Looks to me like you lost out on a nice run. You should present charts comparing the two. Oil vs UCO, USO. It would back what you are saying.
I do not understand what you are trying to say. UCO, USO move with the price of oil. If you bought high years ago, and held. That is not good. That is why you buy low and sell high. I am a chartist and realist. Charts do not lie, Too many events to move oil. At least in my opinion. If people had the guts to buy at $6 and rode it to $10. That is a heck of a return. Do not buy any. Move on.
I am buying on ANY dips. Saudi Arabia wants to destroy Fracking. They have the Obama blessing. They are succeeding. So many countries now with a middle class. China, India, with huge populations driving. World events. ISIS tried to hit Saudi Arabia recently. If one oil field goes down. You will see a doubling of PPB of oil almost overnight. Buy the dips.
UCO trades at twice the rate. Up or down. Oil is heading back up. Since oil has headed down. Americans have been loading up on SUVs and trucks. Fracking is too expensive. Oil sands too expensive. The green initiative of this current president will not tolerate low oil prices for much longer.
Buy the dips.
They are doing it to control volatility. UCO tracks oil, period! There will be no sell off. If anything, buy any sort of dip prior to the split. Too much volatility in the World right now. BUY THE DIPS AND KEEP YOUR POWDER DRY.