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- charron replied Mar 6, 2016
Sorry, I meant to say "if Oil rises 20 %, USO will also rise by about 20 %" you should not care about the price quote of USO. it has its own unique price in the market (so, do many other oil ETFs like OIL, UCO etc.) All I care is, when Oil price ...
- charron replied Mar 6, 2016
you can buy USO same way as you buy any stocks. USO mimicks the movement of oil price. Check out the charts. If oil price rise by 20 dollars, USO price will also rise by 20 Dollars I purchased it at 8.80, I plan to keep it for 3 years Many brokers ...
- charron replied Mar 5, 2016
why don't you buy Oil ETF instead? for eg. USO. They will charge 0.45%/Year, so if you hold for 3 years, total cost will be less than 1.5%
- charron replied Jan 21, 2016
My long term view is to start buying every major dips. I am not short term trader so it might not apply to many active traders here. my goal is to build long term inventory of few thousand barrels over a period with goal of TP at 80$ in 3 years. If ...
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