Replies to post #2668 on United States Oil Fund (USO)

[GoldenMind]

Hahahahahha WTI peaked for June

[tonyramano]

$$$ THERE IS NO SQUEEZE. MANY SHORT POSITIONS HAVE BEEN OPENED IN DOUBLE DIGITS. I HOPE YOU TAKE SOME PROFITS TODAY. THIS ETF IS DOOMED TO FAIL WITH THE OIL GLUT. SA IS SENDING ANOTHER 50 MILLION IN VLCC TANKERS ARRIVING NEXT MONTH. THERE WILL NOT BE ENOUGH FUNDS TO KEEP ROLLING OVER. DO YOUR DD. $$$