Recent content by JayhawkTrader

Why are shares of the ETF USO trading so low vs crude oil, compared to 2008. Let me explain: In late 2008 I bought 20 shares of USO for $67.00 and Crude was trading at $90.00. Today USO is trading around $33 and Crude is trading back up to around $90. This means USO is trading at half...

Thanks for the explanation. Guess it's time to cut my losses. Why would anyone invest in this shit then....long term.

I know this is not a futures question directly but maybe someone can explain this. So why are shares of the ETF USO trading so low vs crude oil, compared to 2008. Let me explain: On September 12th of 2008 I bought 20 shares of USO for $80.00 and Crude was trading at $100. Today USO is...

Why are shares of the ETF USO trading so low vs crude oil, compared to 2008. Let me explain: On September 12th of 2008 I bought 20 shares of USO for $80.00 and Crude was trading at $100. Today USO is trading around $40 and Crude is trading back up to around $100. This means USO is...