Replies to post #124 on Proshares 2x Short Oil ETF (SCO)

[zen222]

Nice! Wondering how many more days we'll get of this price action?
Been in this one for 2 weeks now and pretty happy.
Today is the first time I've started selling on the way up. Woot!

[JohnCM]

When the Bear turns Bull

Last 2 weeks in May. That is when I will finish my buying.

Week of Apr 20 start small position
Week of Apr 27 continue total 1/6th
Week of May 4th at least 1/3 position
Week of May 11th major purchase 30%
Week of May 18th major purchase 30%
Week of May 25th finish purchase 6%

NRGU 3X 50%
UCO 2X 25%
ERX 2X 25%

2.5X

Conservatively WTI $15.00 to $25.00 Selling week of June 1st.

40% X 2.5X gives you a double (bagger).