USO Stock Chart (Short Oil?? Call me crazy)

Please explain why SO many people are shorting oil ETF’s???? pleeeease!? Many people on CAPS have rec’d the same thing.

Crazy.

I hear ya—I’m shorting USO even sooner than 100–by sooner I mean this Monday afternoon—
when you think about Gold prices –they correct 23% so I’m looking for gold to re-test 770–
before they make another run for 1000–
n order for gold to fall that much—It means the market has to fall—
typically the last week of APR and first part of MAY–
that might be when this market corrects–

You’re right, 100 would make USO trade above its range and that means a goos short. I already think USO can fall back to 88 or so before the end of the month.

I think your best bet risk-wise is to buy a boat-load of DCR and put a stop at $3 on it. This ETF can move. It was up 20% last week when Oil took a $1.50 sell off. Can you imagine what it will do when Oil backs of $5-6? I can…a double.

–Doug
http://www.tomorrowsnewspaper.blogspot.com

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hahahha……. shorts swelled my wallet good! Short more!

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I think you should still stay in until you have the short signal. Don’t jump your gun buddy or you might get really burnt.

I made 2 special posts on my sites just for for this! First is the
resource I used for my research, 2nd is the analysis.

http://suckingless.com/2008/07/22/ferc-natural-gas-markets-us-government-data-an
alysis-and-reports

http://flyboysfund.jeffreylin.net/2008/07/22/fast-moneys-joe-terranova-says-nat-
gas-june-highs-july-lows/

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