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  • Using DBO, USO and OIL to Play Crude Oil [View article]
    It doesnt seem like you took much away from this article.

    Let me try to summarize it for you.

    None of the funds mentioned claim they will accurately track the price of oil.
    If you want to invest in oil don't buy these funds.
    Don't buy funds without reading the prospectus and knowing what they do.
    Don't complain when a fund that doesn't claim to do what you want doesn't DO what you want.

    Nobody robbed you of your money, you simply bought something you didn't understand. Your lesson is, don't buy things you don't understand. Seek advice BEFORE you buy if you need to.



    On Jan 29 08:08 PM 777 wrote:

    > Crude oil has risen from 32$ to 42$, that's 30% up altogether. But
    > why USO still stay at the level of its lows ?I t should be around
    > 40$.
    > Also DTO double bear should down 60% because of its double about
    > 80$, but why it still stay at the high level of 180 ? If there is
    > "severe contango " ,should exist in both of the two funds, but "severe
    > contango " can't explain the true reason for the funds tracking the
    > crude oil index. Only one thing is there----That's "severe manipulation
    > "rather than " severe contango" .
    > The canadian EFT hou.to and hod.to are more radiculous. For crude
    > oil has risen from 32$ to 42$, so hou.to should be at around 11$
    > or more
    > but when crude oil up 1.2% it up 1.1%, crude down 1.6,it down 4.1%,so
    > hou.to has fallen down over 30 times from 48$, and right now it is
    > just equal to1.525$(5:1consolidat... or 7.63$ now, but oil is just
    > down 147/41.5=3 times.
    > So contango can explain nothing, Just price manipulation.
    > Here I believe the market should be fair, just, open to every investor,and
    > it should have a comparatively reasonable game rules.Or the market
    > is robbing money from investor directly. So I call for an investigation
    > from New York stock Exchange to get rid of the clear price manipulation.
    >
    > If you are interested my opinion, you can compare the 4 ETF: USO
    > bull and DTO bear; HOU.TO bull and HOD bear which is more distinct
    > example for price manipulation rather than so called " contango ".Let
    > up to complain to New York stock Exchange.
    Feb 06 11:58 am |Rating: +1 0 |Link to Comment
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