 Quote:
Originally Posted by ziggy29
That was my thought when I bought USO in July. Wow, did I take a haircut on that one.
But now that I sold it a while back, it should be safe for others to go back into it...
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Did you get hit just because oil prices went down, or was there something about the structure of the fund that doesn't work correctly?
My other research suggested that USO was more volatile on the the downside, a 10% drop in oil price produced more than a 10% drop in USO. But that could work to our advantage when prices start up again. What do you think?
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