ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

[Nichopm]

Might we hit $30 today??

[Taurus69]

$uco $27.6 ^ 2.65 (10.62%)
Volume: 8,201,911 @10/05/20 7:05:33 PM EDT

[jablome]

grabbed 29 dollar put 1.98

[jablome]

27.50 short

[jablome]

calls dropped off, nice

[jablome]

27.06 sell in place

[jablome]

nice

[Smilin_B]

The time/premium/contango effect on these types of leveraged ETF's are the reason why UCO isnt capable of staying up over $30/share

These are short term daytrading vehicles for that reason

[jablome]

o no no.. up from here, lookn like the 12th big move

[Smilin_B]

You bought on July 7th when i sold?

I believe i sold at $30.50 or thereabouts

[jablome]

hope it works out i guess i bout 'em

[Smilin_B]

So thankful I did that

[Nichopm]

I added more the last couple days myself, similar avg. good luck!

[jablome]

average at 24.64

[jablome]

got 500 at 24.80

[jablome]

got my finger close to the buy

[jablome]

will be long around 36.10 on down for oil

[Nichopm]

Solid day after the recent pullback.

[Smilin_B]

According to the Complaint, the Company made false and misleading statements to the market. UCO experienced huge market volatility caused by dampened demand for oil due to the coronavirus pandemic and both increased supply and decreased prices caused by the Russia/Saudi oil price war. A massive influx of investor funds heightened a number of problems for the Fund, causing it to approach positional and regulatory limits. Combined with other issues, this meant UCO could no longer pursue its passive investment strategy as represented in the Fund’s Registration Statement. Based on these facts, the Fund’s public statements were false and materially misleading. When the market learned the truth about UCO, investors suffered damages.

The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against ProShares Ultra Bloomberg Crude Oil (“UCO” or “the Fund”) (NYSEArca: UCO) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between March 6, 2020 and April 27, 2020, inclusive (the ”Class Period”), are encouraged to contact the firm before September 28, 2020.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [e-mail].

[Taurus69]

$uco $26.1 v -0.81 (-3.01%)
Volume: 6,868,917 @09/10/20 7:58:51 PM EDT

[sharky]

Combination of demand, and precious metals interest slowing us down a little.

[G-lupo]

Why is this dropping so much

[sharky]

Adding these below 30 shares. :)




$UCO

[Nichopm]

Approaching $35 now...oil concerns from tropical storms seems to be pushing up the price.

[Nichopm]

Above $34 premarket :)

[Nichopm]

Maybe today?? Getting close

[renegade 16]

Filled orders. Hitting $34

[Nichopm]

Possible return to $34 today?? Here’s hoping!

[sharky]

Mauritius races to contain oil spill, protect coastline


https://www.google.com/amp/s/www.foxbusiness.com/markets/mauritius-races-to-contain-oil-spill-protect-coastline.amp



$UCO

[renegade 16]

With good economic news This would rise very fast in

[G-lupo]

Loving the hold, can’t wait for it to break $35, thsn would see $37.50 quick

[Nichopm]

Loving the action today, it could hit that shortly if momentum keeps up

[renegade 16]

This is going to $35. Money Train is leaving the station

[Nichopm]

Damn where’s the excitement??

[Nichopm]

Might we finally see $33?? Man where’s the excitement here??

[Nichopm]

$32 again...can it hold this time??

[Taurus69]

$uco $30.34 v -0.65 (-2.10%)
Volume: 94,848 @08/04/20 8:05:34 AM EDT

[Nichopm]

Keeps flirting with $32...

[StocksAnonymous211]

Agreed...it's about to make a move IMO

[Nichopm]

Solid movement so far today

[Taurus69]

$uco $30.67 v -0.14 (-0.45%)
Volume: 4,222,072 @07/17/20 8:00:00 PM EDT

[Nichopm]

Approaching $32...come on now :)

[Smilin_B]

Looking sweet today as well

[Dio2000]

in other words before the yesterday drop

[Smilin_B]

"When it was up"

Lol

UCO has been in a monster uptrend for the past month or so

But too much uncertainty at the moment

[Dio2000]

I did mine the day before when it was up

[Smilin_B]

I liquidated my position in UCO today ahead of another potential lockdown that could send crude lower

Freed up a lot of capital to get in on other plays

[Smilin_B]

You have issues

[Nichopm]

Passed $31, nice!

[Dio2000]

This should be at $32 by now!! What are you people doing?