InvestorsHub Logo
icon url

OptionMonster

06/15/08 10:28 PM

#26389 RE: PenniesGoneWild #26388

The USO is for oil..
icon url

OptionMonster

06/15/08 10:30 PM

#26390 RE: PenniesGoneWild #26388

USO = The investment seeks to reflect the performance, less expenses, of the spot price of West Texas Intermediate (WTI) light, sweet crude oil. The fund will invest in futures contracts for WTI light, sweet crude oil, other types of crude oil, heating oil, gasoline, natural gas and other petroleum based-fuels that are traded on exchanges. It may also invest in other oil interests such as cash-settled options on oil futures contracts, forward contracts for oil, and OTC transactions that are based on the price of oil. The fund is nondiversified.
icon url

Spectre

06/16/08 12:34 AM

#26396 RE: PenniesGoneWild #26388

look at my watchlist on the ballers board, :)