Replies to post #18 on The United States Brent Oil ETF, LP (BNO)

[zsvq1p]

Agree.. these companies have already started cuts.. to protect against losses.

This ETF has slippage.. so a long might not even benefit when going oil starts to go up.

This ETF buys swaps and futures.. only looking at daily. Thus you buy a future priced higher when they settle at spot. You just lost.

[dealerschool2006]

You were right last month, we will see how ERY goes from here, looks like right time to buy now, but I haven't been able to crack the code yet...oil might be heading back down again...I HOPE!!!