 Quote:
Originally Posted by Gearhead Jim
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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Heh -- I really don't know, but for everyone here who is long USO, I promise I'll disclose if I ever buy it again so they can run for the exits.
That's me, ever thoughtful of others. 
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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