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

/biz/ - Business & Finance

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18603508 No.18603508 [Reply] [Original]

I just put half of all my money, 1500$ into USO when it was at 2.32. Am I retarded?

>> No.18603547

>>18603508
Meh. I would have put it into XOM instead

>> No.18603611
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18603611

>>18603508
Yes you're probably gonna take a hard pounding in the ass
t. someone who bought a cockton of USO @4.89 and who thankfully got out at 4

>> No.18603640

>>18603611
B-but they resumed trading so this must be the bottom

Right

>> No.18603854
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18603854

>>18603640
hue hue hue

>> No.18603899

>>18603547
is XOM at 39 a good move?
I missed march madness unfortunately

>> No.18603946

>>18603508
looks like it's at $10+ now.. so you could 4+x your $ if you exit now?

>> No.18603951

>>18603508
Yes, oil etfs won't recover for the years to come also it was already declining the past 5 years before the pandemic and all the other trade deals

>> No.18603988

>>18603508
You will lose your money. What makes you think it will ever go up, rather than going bankrupt, brainlet?

>> No.18604290

>>18603899
Not sure desu. I bought in at 40 today and I plan on buying a fuckton of oil every single week while I still have the golden opportunity that’s presented right now. Could very well go to sub 30 desu.

>> No.18604323

>>18603508
That's a woman

>> No.18604367

>>18603508
Holy Kek. Is that Justin Sun?

>> No.18604428

>>18603951
>it was already declining the past 5 years before the pandemic and all the other trade deals
This. Reminds me of the retards that were saying to buy Ford a couple weeks ago. Why would you invest in a company/industry that was declining for years before the pandemic, during the greatest bullrun in history? Pick up some AMC while you guys are at

>> No.18604466

>>18603611
Wym? It’s mooning rn

>> No.18604572

>>18603951
>>18604428
It doesn't need to be a long term trend upward; just a short bounce back up. At some point, people will get out of their homes and the demand for oil will go up again which will raise prices. That's when you get out. The danger is whether or not the ETF you invested in goes bankrupt during the glut.