Comments on: Oil ETF (USO) as Oil Aproaches $70 a Barrel http://www.etftrends.com/2006/04/oil_etf_uso_as_.html Keeping a grip on exchange traded funds (ETFs) Sat, 21 Nov 2009 23:28:06 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: YES http://www.etftrends.com/2006/04/oil_etf_uso_as_.html/comment-page-1/#comment-38 YES Tue, 10 Jul 2007 21:24:56 +0000 http://etftrends.com.s14057.gridserver.com/2006/04/oil-etf-uso-as-oil-aproaches-70-a-barrel.html#comment-38 If there is any fraud ETF, USO must be the one. Last year when crude oil was about $70 a barrel, USO was over $70. Now crude oil is back to $71 but USO is only 2/3 of it - $52. What kind of ETF is it??? If there is any fraud ETF, USO must be the one. Last year when crude oil was about $70 a barrel, USO was over $70. Now crude oil is back to $71 but USO is only 2/3 of it – $52. What kind of ETF is it???

]]> By: ab http://www.etftrends.com/2006/04/oil_etf_uso_as_.html/comment-page-1/#comment-37 ab Wed, 25 Apr 2007 14:28:15 +0000 http://etftrends.com.s14057.gridserver.com/2006/04/oil-etf-uso-as-oil-aproaches-70-a-barrel.html#comment-37 The USO ETF is NOT a "solid follower" of the oil index. It has only gained 16% from the recent bottom, wheras crude has gained 30% !!! This product is one of the worst products ever to have been brought on the market. it should be closed down,and Eric Bolling (of fast Money) should have more braines than to be telling people to buy it as oil is going up. It is pure suicide to play this underperforming product. If you do play it,use it to offset some tax gains, because your chances of winning with this are very limited. The USO ETF is NOT a “solid follower” of the oil index.
It has only gained 16% from the recent bottom, wheras crude has gained 30% !!! This product is one of the worst products ever to have been brought on the market. it should be closed down,and Eric Bolling (of fast Money) should have more braines than to be telling people to buy it as oil is going up. It is pure suicide to play this underperforming product. If you do play it,use it to offset some tax gains, because your chances of winning with this are very limited.

]]> By: paul http://www.etftrends.com/2006/04/oil_etf_uso_as_.html/comment-page-1/#comment-36 paul Wed, 28 Mar 2007 04:42:11 +0000 http://etftrends.com.s14057.gridserver.com/2006/04/oil-etf-uso-as-oil-aproaches-70-a-barrel.html#comment-36 USO has worked well for me, it's a solid follower of the Oil price and easy to lock in and out of. USO has worked well for me, it’s a solid follower of the Oil price and easy to lock in and out of.

]]> By: Joan Hart http://www.etftrends.com/2006/04/oil_etf_uso_as_.html/comment-page-1/#comment-35 Joan Hart Sat, 02 Sep 2006 23:19:13 +0000 http://etftrends.com.s14057.gridserver.com/2006/04/oil-etf-uso-as-oil-aproaches-70-a-barrel.html#comment-35 USO has been pitched as a Crude Oil ETF - it is a SHAM and a RIP-OFF. Investors have watched in horror as USO has dropped at the rate of $1.50 for every decline of $1.00 in crude oil. There's nothing an investor can do when they are ripped off. These EFTs can say anything they want. They just make it up. USO has been pitched as a Crude Oil ETF – it is a SHAM and a RIP-OFF. Investors have watched in horror as USO has dropped at the rate of $1.50 for every decline of $1.00 in crude oil. There’s nothing an investor can do when they are ripped off. These EFTs can say anything they want. They just make it up.

]]> By: John Christy http://www.etftrends.com/2006/04/oil_etf_uso_as_.html/comment-page-1/#comment-34 John Christy Fri, 14 Apr 2006 02:40:35 +0000 http://etftrends.com.s14057.gridserver.com/2006/04/oil-etf-uso-as-oil-aproaches-70-a-barrel.html#comment-34 Hi Tom, Maybe I'm a moron, but I just don't understand this USO product for the life of me. Who on earth is this designed for? If you want to speculate on oil in the short-term, get yourself a futures account and do it the right way, like a REAL trader would. Is it risky? Of course! But you don't have the stomach for it, you shouldn't be fooling around with a futures-based ETF either. And if you're a long-term oil bull, you have plenty of great oil companies all over the world to choose from that are flush with more cash than they know what to do with. This USO product just seems like a half-baked alternative for people who don't really know where they stand on things, which is a recipe for disaster in investing and suicide in trading. The whole thing also smacks of marketing hype and a possible top in the price of crude if you ask me. Where was this product when oil was 10 bucks? Hi Tom,
Maybe I’m a moron, but I just don’t understand this USO product for the life of me. Who on earth is this designed for?

If you want to speculate on oil in the short-term, get yourself a futures account and do it the right way, like a REAL trader would. Is it risky? Of course! But you don’t have the stomach for it, you shouldn’t be fooling around with a futures-based ETF either.

And if you’re a long-term oil bull, you have plenty of great oil companies all over the world to choose from that are flush with more cash than they know what to do with.

This USO product just seems like a half-baked alternative for people who don’t really know where they stand on things, which is a recipe for disaster in investing and suicide in trading.

The whole thing also smacks of marketing hype and a possible top in the price of crude if you ask me. Where was this product when oil was 10 bucks?

]]> By: qwerty http://www.etftrends.com/2006/04/oil_etf_uso_as_.html/comment-page-1/#comment-33 qwerty Fri, 14 Apr 2006 00:46:21 +0000 http://etftrends.com.s14057.gridserver.com/2006/04/oil-etf-uso-as-oil-aproaches-70-a-barrel.html#comment-33 Yes USO is a great tool for small hedgers. It will be interesting to see what is going to happen the next time crude will make a new high. Yes USO is a great tool for small hedgers.

It will be interesting to see what is going to happen the next time crude will make a new high.

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