Replies to post #4984 on ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

[luckydude777]

I believe the Saudi's used billions of their wealth to short oil back a few weeks ago.

THEN they say they are going to pump bazzions of barrels of cheap oil and flood the market with it.

And all the while Goldman Sachs has been fear mongering the $5-$10 oil mantra ... they and their buddies have been accumulating cheap oil related shares and flooding their BANK ACCOUNTS/TRADING ACCOUNTS with cheap shares -- NOT cheap oil.

Russians most likely knew about the "ploy" as probably has China and the lessor nations who have the big bucks to buy with.

All funkin' contrived to make a lot of BIG money.

Works this way every few years.

Chits ohhhhla ... if Goldman Sacks could short Covid-19, they would be screaming, "We ALL are going to die in six months max".

[Richsooka]

Best day trading here in years on this pop today. Looking forward for more! :)