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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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18599180 No.18599180 [Reply] [Original]

>yeah bro, I'm all in on USO, oil can only go up from here

>> No.18599205

Sold all my shares right now and walked away with an 80 dollar loss. What a shitshow.

>> No.18599231

>>18599180
bailout when?

>> No.18599390

>>18599180
Oh shit. Just bought 100k

>> No.18599434

>>18599180
How the fuck do you retards still not realize that even though line go down in the short term line is probably going to go up in the long term? Are you all actually brain dead?

>> No.18599438

>>18599390

On the day they're set to announce bankruptcy. Clsssic /biz/.

>> No.18599465

>>18599434
Go bark this shit wsb

>> No.18599472

>>18599205
buy high sell low. mission accomplished.

>> No.18599479

>>18599434
>How the fuck do you retards still not realize that even though line go down in the short term line is probably going to go up in the long term? Are you all actually brain dead?

Because there's this thing called bankruptcy, and when they file it you're assed out. This ETF holds about a quarter of the oil contracts at any given time. Did you see the negative oil prices yesterday? USO lost all their money and/or got left holding the bags.

>> No.18599482

>>18599434
uso? that lines dead kid, accept it

>> No.18599505

>>18599434
Do you understand that when a company goes broke, can't carry on, is bankrupt, that was it? No more line go up. Ever.

>> No.18599544

>>18599434
oil is kill for at least three more months. all these ETFs going to shit the bed.

>> No.18599634

>>18599465
>>18599479
>>18599482
>>18599505
I swear, I'm starting to think "/biz/: buy high sell low" is more than just a meme. You people are more economically illiterate than a college communist.
>>18599544
>he can't wait 3 months for what is essentially free money

>> No.18599641

>>18599479
Yep they're going to fold. No way theyre doing that again next month

>> No.18599698

>>18599634
>all these ETFs are going to shit the bed
What part of "all of these companies will go bankrupt" dont you understand?

>> No.18599748

>>18599698
ETFS DON'T GO BANKRUPT LIKE A NORMAL COMPANY, YOU FUCKING DUMBASS!!! JESUS FUCKING CHRIST DO YOU PEOPLE REALLY NOT KNOW HOW THEN FUCKING STOCK MARKET WORKS?! ARE YOU ALL FIVE?! DO YOU NOT KNOW HOW TO USE GOOGLE?!

>> No.18599804

>>18599748
I don't think many ETF have had to face negative price for selling their bags, but please explain

>> No.18599898
File: 96 KB, 1595x786, line go up.png [View same] [iqdb] [saucenao] [google]
18599898

>>18599804
OH WOW LOOK THE MAGIC LINE WENT BACK UP!
IT DIDN'T STAY DOWN FOREVER LIKE BIZ SAID IT WOULD
WHAT A FUCKING SURPRISE

>> No.18599940

>>18599634
I was explicitly talking about oil companies and drillers. Not ETFs. But be my guest, you invest in all the oil related rtfs right now too if you like.

>> No.18599943

>>18599898
yeah I gave you a chance to explain yourself but you clearly are clueless about yesterday's situation

>> No.18599980

You guys are retards. It’s an ETN not an ETF. Contango is fucking with them and will probably force an early redemption. Look up what happened to that crédit suisse inverse VIX ETN in 2018 for a preview. OIL ETN is already kill.

>> No.18599986

>>18599940
good thing I didn't invest in any oil companies then, only ETFs
>>18599943
Oh please do enlighten me.

>> No.18600018

>>18599748
ETFs get delisted if they run out of money.

>> No.18600021
File: 27 KB, 511x413, 1567866921321.jpg [View same] [iqdb] [saucenao] [google]
18600021

>>18599180
the problem is there's too much fucking oil
>oilfags won't stop pulling fucking crude outta the ground
>sauds have a tanker inbound with 50 million more barrels on the way
>refinieries cannot take anymore
>strategic reserve can't take anymore
oil is kil for a good while friend
>>18599434
>trying to apply 101 fundies to an unprecedented happening
I wish you luck with that tard

>> No.18600030

Lol at all fags shilling ETF.

>Muh low cost.

You get what you pay for

>> No.18600065

>>18599980
>USO
>ETN
stop talking
>>18600018
The share's don't fucking disappear, retard. ETF liquidations have to give several weeks notice for holders to dump their shares and holders are paid market price at the end of trading to surrender it.
>>18600021
>the fundamental rules of economics stop working because of a pandemic
no

>> No.18600159
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18600159

>>18600065
>the fundamental rules of economics stop working because of a pandemic
literally and figuratively yes they actually do. Or have you not watched for weeks as shit sores on cataclysmic bad news and tanks or refuses to budge on good news? But by all means don't let me, a humble shitposting weeb stop you from doing you. Go all in on USO and enjoy the gaping you get with a big ol' smile

>> No.18600215

>>18600159
Does watching anime make it impossible to think in the long term? Do you really think oil is still going to be 3 dollars a barrel in August?

>> No.18600365
File: 17 KB, 200x313, Nvm+i+found+a+better+quality+one+for+you+_49069bbbcbbb981afcb5283e8f59362c.jpg [View same] [iqdb] [saucenao] [google]
18600365

>>18599434
>>18599634
>>18599748
>>18599898

>> No.18600487

>>18600365
>wojak with no argument
cope, panic seller

>> No.18600494
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18600494

>>18600215
What I think personally is we're in for a fucking long time and lower lows as we have too much fucking oil that isn't getting and going to get refined for a while. I'm not looking to get in now with how insane everything is and hold the bag for 5 or 6 months till I can get back out. I'm not trying to tie up money like that. I can buy as it continues to crater or on the way up when there is some light at the end of the tunnel in all this

>> No.18600757

>>18600494
Okay see that's a well reasoned argument that I can respect. Thank you weeb.
See, I'm a 20 year old with a fairly fat savings account and I don't need to worry about food or housing because the government and my college are giving me gibs to go to school because I'm brown. Therefore, I don't really give a shit about tying up large sums of money for potentially more than a year or two because 1. I'm not getting out of college for a couple more years 2. I have more than enough money to live and 3. I'm young so long term investments are appealing because it means I'll have more money when I'm an old boomer ad all have to do is wait

>> No.18600811
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18600811

>>18599180

>> No.18600924

>>18600811
Okay, elon. Have fun shipping you lithium across the pacific without oil to fuel you ships