Bought USO

Ivanovich · Nov 26, 2008

Finally did it. Went to the pump and filled up for $1.75 a gallon and thought to myself. "self, this is absurd considering all the money printing going on."

So I bought in, 400 USO @ 41.40.

S2007S · Nov 26, 2008

Oil might bounce back, but long term its headed below $40.

Landis82 · Nov 26, 2008

Quote from Ivanovich:

Finally did it. Went to the pump and filled up for $1.75 a gallon and thought to myself. "self, this is absurd considering all the money printing going on."

So I bought in, 400 USO @ 41.40.

Congrats!

scriabinop23 · Nov 26, 2008

Got another idea. Aug09 RBOB gasoline futs for 1.50/gal.

S2007S · Nov 26, 2008

DUG BOUGHT

$29.94 FILLED at 3:19pm

COST AVG $32.85.

number22 · Nov 26, 2008

After today's inventory number; oil price goes up, isn't it saying something?

How can you buy DUG and expecting making money? Averaging down your trade?

Ivanovich · Nov 26, 2008

Quote from S2007S:

DUG BOUGHT

$29.94 FILLED at 3:19pm

COST AVG $32.85.

Excellent! How much did you buy?

S2007S · Nov 26, 2008

Quote from Ivanovich:

Excellent! How much did you buy?

Holding APPROX a little over $5000 worth.

Landis82 · Nov 26, 2008

Quote from S2007S:

Holding APPROX a little over $5000 worth.

Please post your SCREENSHOT of this position.

Thank You.

S2007S · Nov 26, 2008

Quote from Landis82:

Please post your SCREENSHOT of this position.

Thank You.

Damn, I feel sorry for you that you dont believe me, I mean im telling you I own approx $5000 of this ETF and you still dont believe me, I own approx 160 shares between 2 accounts, my IRA and my trading account.

I mean im down on the trade by over $500, why would I want to make this up. Come on.....