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18631047 No.18631047 [Reply] [Original]

Is it stupid to go all in on USO?

It seems like you're guaranteed a triple return at least once this Corona thing blows over

>> No.18631080
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18631080

Should I do this or NAT

>> No.18631219

>>18631080
MRO

>> No.18631244

the ayys and the reincarnation of tesla are going to come out of the sky and btfo all of you speculators

>> No.18631257

>>18631047
Go all in before the 27th
They're performing a reverse split that's guaranteed to literally 8x the price
You'd be stupid not to

>> No.18631264

>>18631257
post proof

>> No.18631266

>once this Corona thing blows over

Interesting how the repo market collapsed in September.

>> No.18631269

>>18631047
I think it will go sub $2
>>18631257
reverse splits are usually bearish

>> No.18631292

>>18631047
Wait until after the reverse split.
Anon above is retarded and the split will mean your shares have the possibility of going even lower than what they're worth if you bought now.

>> No.18631298

Newfag here, I prob did a dumdum, but I invested in AXAS and made a little bit

>> No.18631307

>>18631047
Some guy from reddit recently lost like 170k going all in on oil EFTs

>> No.18631352

I bought in @$3 share. I also bought marathon. Gonna hold it until this blows over. It’ll go up just take time.

>> No.18631368
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18631368

>>18631307
traders put a fuckton of money into USO right before it crashed

>> No.18631375

>>18631298
AXAS is fine, I also like VLO and HES

>> No.18631387
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18631387

>>18631047
I have no idea.

>> No.18631396

>>18631352
Hello, long term oil ETF and Marathon holding friend. We will weather the storm together.

>> No.18631419

I went all in on QEP and OAS for the same reason. I am up a good amount for a day and after hours, but I am afraid that they will both go bankrupt. I wonder if the US and Iran go to war just to keep oil up.

>> No.18631450

>>18631047
You can't buy stocks on it right now. Not until after the reverse split.

>> No.18631462

>>18631352
>>18631396
Hold me bros, I bought USO @ 3.00 as well, hoping to cash out later when this blows over and take my gf out to a nice weekend out

>> No.18631482
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18631482

This is my folio right now. May buy uso, what do you guys think? Yes I know I’m poor but hey I won’t be in a year or so BABEH!

>> No.18631497

>>18631047
Assuming they're still traded, pick it up when the *real* super contango hits. No one has an exact time, but most estimates are May-June. The negative $40 WTI was just one small oil producing region, but this is a worldwide problem. What happens when Saud / Brent Crude / etc. also run out of storage? I've seen -$100 WTI thrown around a lot, and it's not impossible.
Saud (and to some degree OPEC) will use this as a chance to totally corner production while world demand is down. Oil-producing regions that need moderately priced oil to turn a profit (US, Canada, hell Russia) will all be shut in and mothballed. That's a lot of welders, machinists, geologists, and Petroleum Engineers that are going to be out of work; potentially for years. That's a lot of world instability too, since in many regions oil money is the only thing holding everything together.

>> No.18631508
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18631508

>>18631462
It's okay, fren. Oil is literally the lifeblood of the modern economy. Once people start driving again it will go back up.

>> No.18631546
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18631546

I’m just getting my feet wet. When I about the oil crash I said well time to invest. Here’s what I got to far. I only threw 500$ at it.

>> No.18631561

>>18631352
Also fellow MRO long holder. We will rule universe.

#MROstrong

>> No.18631610

>bought 300 shares of USO at 3.06
>planing on a L O N G H O L D
>still get anxious when I see number the go down
>take a breather and remember we're in it for the long haul
>the urge to panic sell passes
It's a very zen feeling.

>> No.18631629

>>18631219
What about MUR?

>> No.18631680

>>18631546
Keep close eye on carnival cruise and royal Carribean
You should have some CCL in this folio.
Don't buy any higher than 10-11.20 on ccl.

>> No.18631747

>>18631080
Tankers are still a great play. Options premiums are going up, but the market *still* hasn't caught on to just how well they're going to do. TNP may make it's entire market cap in PROFIT between now and Q3; and at least one estimate had VLCC tanker rates in the $750k/day range. TNP, NAT, TK, TNK.... I wouldn't be surprised to see some of the companies do 4x of their current share price.
There's a lot of people who shouldn't be investing. I bought in on tankers back in 9 April, wasn't expecting negative oil for some time yet and wanted to load up more. Literally earlier in the week, tankers were *dead* until someone on CNBC mentioned it, then the robinhood normies went crazy for them. I know people are dumb, but didn't think it was that obvious...

>> No.18631750

These retards don't know USO will keep reverse splitting until it closes down.

>> No.18631793

>>18631610
They’re insolvent my friend. Take profits if and when you can and move on. Thank me later.

>> No.18631824

>>18631047
>>these are the people shilling chainlink
Yes it is stupid. They are going to liquidate

>> No.18631858

>>18631610
Dude. You are fucked, get out asap

>> No.18631955
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18631955

>>18631793
>>18631858
I will not be swayed by the panickers, the doomers, or the ADHDaytraders
I will hold
The line will go up
Coronachan will die
People will start driving again
Namaste

>> No.18631981

Going long USO is basically betting that the CIA pulls some shit in the straight of hormuz

>> No.18632017

>>18631955
GL fren, you’ve steelier balls than I

>> No.18632178

>>18631047
>USO MUST go higher, negative oil just makes no sense!!!!
this is as retarded as investing in TVIX just because we haven't had a downturn in a while

>> No.18632222

>>18631269
Chesapeake holder. Started out with over 1000 shares, got reverse split to 5, then the value halved. Stay away from reverse split stocks.

>> No.18632242

How does one go about buying oil stocks. Websites app. Ya boy is green as fuxk

>> No.18632247

>>18631680
Awesome thanks for info

>> No.18632333

>>18631747
How long for tankers? FRO has a God tier divvy and im thinking long andbhard about hodling them long term. 1.50 for every 11 you put into the stock currently. so you could put like 1100 in and get a 400$ return every year. pretty fucking sweet.

>> No.18632346

>>18631257
You must be retarded. It might go 8x the price if you're lucky but you'll definately be left with 8x less shares.
>>18631047
USO is potentially going into liquidation. Probably best to avoid unless you have a boner for super high risk.

>> No.18633085

>>18631257
holy fuck is this bait? or are you just an asshole?

>> No.18633110

Is all this oil and USO nonsense a concentrated effort to unload bags onto retards?

>> No.18633127

I’d like to buy call option on suicides itt for June 1st

>> No.18633142

>>18631047
No, the same thing that happened with futures will happen again.

>> No.18633165

>>18631307
He just has to hold. Then it will go back up

>> No.18633259

>>18631482
Are these fractional shares? You are poor

>> No.18633264

>>18632333
Nevermind this info is all wrong. Disregard everybody.

>> No.18633267

>>18632333
July-august was the estimate I heard thrown around as a peak; around when Q2 earnings is announced. Expect them to be legendary. The runup could come early though since everything seems accelerated.
Holding for divvy is a bit different though, and divvys can change YoY. This year will probably be great for them, but I'm mainly playing mid terms options trades on these. Once my tanker plays print, I want to roll the profits into mid / large caps like XOM, Hess, RDS.B, etc.

>> No.18633285

>>18631981
What's crazy about that

>> No.18634262

Thoughts on TRMD?

>> No.18634279

>>18631047
>guaranteed
No.

>> No.18634291

>>18631482
Please let this be a troll.
This will all go down over the year. Sell now. And oil hasn't bottomed yet, especially not the us oil.

>> No.18634406
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18634406

>>18634291
Are you fucking kidding me

>> No.18634454

>>18632242
Read the OP pasta you silly nigger

>> No.18635242

>>18633110
Half trolling half legit idiots who can’t understand why USO is a strict avoid

>> No.18635292

>>18631047
I think the way to make money is to start an oil fund with the exact peramiters as USO right after it dissolves. take that .45% mangament fee for your self

>> No.18635314

>>18633085
Reverse splits change the number of shares you have

>> No.18635316

>>18634406
you're an idiot and your impending failure is deserved. best sell out now and try to salvage your capital. that would be the closest thing to doing something like an investor you would ever do

>> No.18635322

>>18635316
>best buy high and sell low like me
Nah. Holding.

>> No.18635407
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18635407

>>18631047
Go all in on GUSH, you're guaranteed to go +5000% once this is all over!

This post does not qualify as investment advice. This Anonymous is not responsible for any losses you may sustain by investing in GUSH. As of right now the anon of this post does not hold any shares of GUSH but may enter a position in the next 24 hours. Investment inherently carries with it extreme risk!

>> No.18635453

>>18635316
This makes no fucking sense. I bought both of them for cheap, cause oil is very cheap right now. The demand will eventually return (the world runs on the shit) and therefor the stocks will go up, which will then make me profit. What the fuck are you on about?

>> No.18635616

>>18635453
Oil is going to take like 6 montha fo start climbing out of the pit. They're worried the ETF will dissolve before then.

>> No.18635654
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18635654

Any chance of getting back to 5.22?
Asking for a friend

>> No.18635912

>>18635654
Hey, are oil piplines guarded in the US? Asking for a friend.

>> No.18635929

>>18635407
Copying that and using it

>> No.18636057

yall better short that shit, wtf you doin buying actual stock

>> No.18636082
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18636082

>>18631047
>Is it stupid to go all in

>> No.18636146

>>18631047
only if cream pieing hot young pussy over a pile of money sounds like a good time to you

>> No.18636178

>>18631257
you don't know what a reverse split is.... do you?

>> No.18636613

>>18631047
>once this

>> No.18636654

>>18631047
Depending on your all in, either you lose your McDonald’s money or you’ll neck yourself. It’s going to 0!

>> No.18636829

>>18633165
This, or am I missing something?

>> No.18636850

>>18635242
Brainlet here why is USO a strict avoid?

>> No.18636880

>>18631257
You fucking idiot, you'll own less shares and the combined value will be the same as before. A reverse split signals a failing stock normally.

>> No.18637039

OXY at 12.50, stupid or nah?

>> No.18637046

>>18631219
This. I'm all in.

>> No.18637138

>>18635407
Should I do it knowledgable anons?

>> No.18637142

>>18637138
no

>> No.18637163
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18637163

>>18636880
>>18637138
So if I have some futures currently won’t the stock price go up slightly since people’s amount they own is gonna be cut in half?
Like will my 100x futures still be worth 100 shares? Or be split to 50?

>> No.18637184
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18637184

did someone manage to make 10,000% off oil or what?

>> No.18637211

About how much MRO should I buy for it to be worth it?

>> No.18637572

>>18631047
according to based coinholio you should definately: https://www.tradingview.com/chart/USO/AqenHTaS-I-Think-USO-Will-Go-Down-So-Naturally-I-m-Buying-USO-Calls/

Btw. which one of you guys is this?

>> No.18637798

>>18633085
He’s just an asshole.

>> No.18638029

bought 275 at 2.66 am i fucked boys?
even if i want to sell i have to wait until saturday so i dont get marked as a frequent day trader