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A whole 60 point plummet during the last 30 minutes of premarket trading...you guys suck a big bag of dix! Lol
$$$$$$$$$$$$$$$$$$$$$$$$
It's still coming...
U better get in HYSR, NIO, TSLA soon
What do you mean?
There are articles and news media all about the details of what happened
Tragic and unnecessary
Who knows what that was all about
All I can say is wow unbelievable a kid was thrown a mil in leverage.
Here it is....1.5 million new first time investors since may 4th 2020 out of 3 million new robinhood accounts. Article is about a suicide of a 20 yr old investor who didn’t understand the platform during a glitch.
https://www.google.com/amp/s/amp.cnn.com/cnn/2020/06/19/business/robinhood-suicide-alex-kearns/index.html
Nope just referencing the fact that a bunch of people have opened accounts since the shut down and the gambling sites were shut down.
Are you referencing the article where the twenty-year-old kid committed suicide because he thought he had lost $730,000? But it was simply a glitch on the Robinhood platform?
Well looky looky here is some evidence of amateur trading for ya. "Free trading app Robinhood has added more than three million accounts in 2020, and now has over 13 million. The median age of its customers is 31. The Covid-19 lockdowns and the plunge in markets in March persuaded millions of new investors to open accounts. Some of the action appears to be from people who would otherwise be gambling or betting on sports—both of which were shut down."
Yo-Yo ring a bell?
Starting from 28.80+ down to 28.14.....hmmmmm
Brent is $42.50 a barrel
I don't know how anyone can tell if there is amateur trading but what I can tell is it is one of the most unstable trading etf's I have seen maybe because it is distinguished from an exchange-traded note since it represents an ownership claim on underlying securities that the fund has packaged. Seems after the reverse split it limited the high volatility by having a longer time frame in months and made it operate more like a mutual fund. The liability that may or may not occur is taken with more time( more months) compared to before is was a short one month term.
Lol pretty much...lots of amateur trading with this ticker
Opposite today lol. Prices shoot up only to dive by the time market closes yawn.
Here comes the premarket sales to drive the prices back down.....yawnnnn
Underinvestment Could Send Oil Prices Soaring https://oilprice.com/Energy/Energy-General/Underinvestment-Could-Send-Oil-Prices-Soaring.html
Hope everyone is enjoying their yo-yo led balloon rides today.
Was this morning but as everyone knows this thing like a yoyo on drugs lol
That balloon must b filled with helium, NOT LED $$$$$$$$$
Oil dropping like a led balloon imagine that lolol
Good old dilution. Looks like my chance to buy more at cheaper prices is just around the corner.
The largest oil exchange traded fund was cleared by U.S. regulators to issue 1 billion new shares, paving the way for renewed investments into the popular retail product that’s been at the center of controversy in recent months.
The Securities and Exchange Commission approval comes nearly 8 weeks after the United States Oil Fund said that it issued all remaining registered shares, a move driven by tremendous interest in the sector as crude prices plunged into negative territory for the first time in history. In that period, it’s been subject to limits from the world’s biggest commodity exchanges, had to find new brokers and even found itself subject to regulatory investigations.
The $4.9 billion ETF, known by its ticker USO, has came under close scrutiny as oil’s rapid plunge forced it to quickly shift some of its giant positions on short notice. While West Texas Intermediate crude is down about 40% so far this year, USO has lost more than 70% of its value, becoming unhinged from tracking just the front-month futures contract due to restrictions from various regulators and brokers.
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Both the SEC and the Commodity Futures Trading Commission have opened probes into USO, people familiar with the matter said late last month, examining whether its risks were properly disclosed.
Read More: For Creators of USO ETF, Troubles in Market Began a Decade Ago
While its ability to accept new money has been halted, United States Commodity Funds, which runs USO, has been actively signing agreements with new brokers, including Marex Spectron and ED&F Man. The moves supplement an existing agreement with RBC Capital Markets, whose risk mitigation measures had stopped the fund from being able to add more exposure.
Throughout April and May, the ETF roiled oil prices after receiving record inflows from investors trying to call the bottom in crude’s rout. Its position in the June WTI contract at one point grew to represent 30% of the total open interest, worrying some about its outsized impact in the market.
The growing scale prompted CME Group Inc., the exchange, to instruct it to limit its position in several futures contracts. That forced it to spread its holdings out to different contracts for delivery as far in the future as June 2021, reducing its impact on any single calendar month.
Some of the USO’s stress has also been felt on other similar products after crude’s tumble toward negative $40 a barrel on April 20 forced issuers into a series of unusual steps. The broker for the $500 million Samsung S&P GSCI Crude Oil ER Futures ETF, for example, in early May restricted any new buying of crude futures. Royal Dutch Shell Plc forced the $500 million WisdomTree ETP to shut down amid increased scrutiny of how retail investors are punting in the oil market. Others had to delist completely.
They must have heard Crammer who said get out of oil sell sell sell.
Lmao I don’t doubt it at all....thats cool...I expect it to do so...someone sold $18+ million dollars of shares within 2 trades after hours
Someone sold $18,870+ million dollars worth of shares within 2 back to back trades! Wow
Well I wasn't when I said this bitch will be in the 25's.
Nope, I was being facetious when I said that.
Do you really think that manipulation will ever be over?
I’d rather wait until the manipulation is over...too many stupid trades are happening and its ruining this ticker’s prices
When this gets to 25 I buying more.
The Typical Complete nose dives premarket
Sad....very sad...even after opening up the US and letting people go back to work oil still trades low...and I know for a fact that traffic has been bad where I am. Lol
Looks like we going to be in market crash mode today. I wouldn't be surprised to see USO in the 25's.
Wow....how close was I?! Lol
27.95, 94, 93, 92, 91, 90, 89, 88, 87, 86, 85, 84 then on down to 80 then back up to 20 then closes at 28.24....this is starting to look real OTC-ish....
Are there anymore green days for USO or is this just going to be a daily sell
Off?
Yea eventually will get to the 30-40 range. It a longer term hold position. Come December we should be in a good situation. Just have to play the waiting game.
It's WTI Crude , always something to kill the momentum , closes in on $40 , then bad news drops , closes in then drops , eventually will get over $40 and stay over $40
Same old same old goes up before close then drops like a led balloon into the close. No rhyme or reason just what it is.
Gulf Of Mexico Drillers Are Ready To Resume Production https://oilprice.com/Latest-Energy-News/World-News/Gulf-Of-Mexico-Drillers-Are-Ready-To-Resume-Production.html
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Million dollar T -Trade at the end of the day lowering the dollar amount....oh look!! Its back up again after normal trading
Yup dats the facts jacks. The fact is enjoy the led balloon ride during open market. After it closes you may board the space shuttle to the moon lololol
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