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United States Oil Fund, LP (USO)

NYSE
Currency in USD
74.25
+1.05(+1.43%)
Closed
After Hours
74.26+0.01(+0.01%)

USO Comments

Time to buy USO again:D
This time it will tank on 28 dollars not on 5 dollars
30 minutes decoupling.
Following unprecedented volatility in the oil markets, which briefly caused oil prices to turn negative last month, a wildly popular trading ETF has been barred by its broker from buying or holding oil futures contracts. That will limit its ability to meet its investment objective, according to an SEC filing submitted on Thursday     Markets Insider,Matthew Fox  May. 22, 2020, 07:39 PM
When the vaccine is announced this stock will skyrocket and so will the consumption and therefore the demand
 Good luck.
Same to you
Lol loving it:)
Going up more
Apr 28, 2020 WTI : 12$ / USO : 18$May 14, 2020 WTI:26 / USO: 21.50What a rubbery , these crooks never stop screwing people. Low life fund managers, low life USO MANAGERS. WTI gain more than 100% USO gain not even 30% what a fcuking joke. if WTI goes down , i am pretty sure ETF holders will be penalized more.
To people like myself who understand how yhe fund works you seriously sound like a low life uneducated arrogant noob.
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i sold all. it is too risky investment at the movement
If 20$ a barrel is a risky long than nothing is investable.
macrovoices podcast goes in depth on this etf.
Oil up by 16.33 % and Brent by 11.5% and this shit stock is going down, since I bought it and it’s still going down Tomorrow the OPEC+ cuts go into effect... Norway pledged 250 thousand output cuts more and more countries are cutting output And this piece of shit the s still going down I wonder what that board of directors is fucking doing
Dude clearly you dont undersrand the mechanics of how this fund works..
well, I bought in at $3 then they did an 8 for 1 swap, tanking me....till their price rises past $25.....bastards lol
The price was at 2.15 before the reverse split. You were down already 30-40%. I really made no difference to your position
Does this follow crude oil wti current price or future?
not june. holds several futures.
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put or calls ?
I'm long at $3.08, it's bound to return a profit in the future at once Corona Fades away
yup I agree but don't tell that to alot of people here there focused solely on numbers and" news facts" there are alot of rookies that come into these chats that think they know everything
I don't know soo much I would buy USO tho buy good oil stocks with dividend
and if oil stays at these levels for too long those oil companies have more to decline than the etf that follows oil
Monthly futures backwardation.
No? Its in contango still. Youll see backwardation if current minths rallies to 25$.
Backwardation is the buy signal?
No its not a buy signal either... lol
trade halt?
this is nature of playing stocks, if you snooze you losssssst.
They rolled their contracts to mostly July and August to avoid what happened to the may contract wti
Last tuesday when market closed WTI price was $13 and USO was $2.81, now oil is around $18 and USO is 2.85. Is not rediculous?Don’t buy this shit
Speak for yourself. You clearly dont know how USO works. Ive been taking positions long and profiting
Don’t buy this shit, they do cheating (USO managers) , you loose all your money
No it's impossible, It can't go negative and investors can't owe money. Worst case is that investors will lose their invested money.
Give time decay and extreme levels on contango do you see this ETF recovering in say ~2-3 months when oil rebounds ? Can it even reach levels of $5-6 a share again ?
if this goes negative could investors owe money?
It can't go negative
The fund will be dissolved before that happens.
they would do a reverse split and increase the price/stock but it can't be negative
Buy now its going to go up again
I averaged my position from 7.20 down to 2.35 with 12,000$. I sold half my stake at a profit and will continue to buy more USO.
still downside risk IMO though it seems to be getting reduced by the shift in their contract purchase strategy. Market still needs to reconcile that the NAV is around $2 and likely to drop further after the next roll over.
should i buy or wait?? do u guys think that can touch 2$ to 2.25$
I'm buying when they scared and selling when they greedy
there will be rollover fee. how much is it?
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