scotty1560

USO: Is a Probable Capitulation in the Works?

I like the article and USO (bought at $29-$37). Should be close enough to long term support for the "long term" buyer, only Mr Market knows the short term trading aspects.

Resigned to the fact that one might need to put this tracking stock away
for a few years, oil will come back, but when? For my taste if it hit $23-25,
I grab a little more, oil "should" have strong support in the $27-28 range.

I consider it more like owning real estate with a long time horizon built in
to have success. So tuck it away at these prices with a 3-5 year hold.
Everything works in cycles - read "Martin Armstrong's" - "It's Just Time"