ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

[motomark]

I think I am going to start slowly buying in. I am not going to try to day trade this thing. I have stuff I want to do and its not watch my computer all day. If oil goes down to 40 dollars a barrel that's fine I will just keep buying and pulling down my cost average. When all the small oil and fracking operations get put out of business like T Boone said oil will shoot back up. I have never bought the bottom of any stock or etf and have seldom sold the top. When oil goes back to 80 a barrel this etf should be priced around $30 and that is about a 190% return from where we are at now. So what if it takes 36 months. I will take that return any day.