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  • Aphroditus
    Participant
    Post count: 72

    Up 13%. Previously up 30%, sold it and when it pulled back, I bought it again.

    Sean Hyman
    Moderator
    Post count: 3386

    USO I’d have only exited and not re-entered. Why? We don’t know if the market sell-off will be hard on it. It had a tough time formerly.

    David Wood
    Participant
    Post count: 91

    I’m up 24.5% on USO and 29% on XOP. I have heard the talking heads mentioning the potential of major profit taking by years end. I was considering locking those profits in.

    Your thoughts?

    Sean Hyman
    Moderator
    Post count: 3386

    Anytime you’re up that much on anything besides SLV, you should consider locking in those profits.

    vmickel
    Participant
    Post count: 33

    Not positive but I think Sean means up those percentages TOTALLY including all tranches….which is maybe what you mean anyway.

    Sean Hyman
    Keymaster
    Post count: 7046

    His percentages that he’s up on USO and XOP should be considering all tranches, not just any one individual tranche. I may be misunderstanding what you’re saying.

    But bottom line: He should consider selling them so he can lock-in and assure himself of such huge gains. Keep in mind, his USO return is for well under a year and XOP is just over 1 year. So those are massive returns.

    vmickel
    Participant
    Post count: 33

    Sorry, trying to do too many things at once! What I meant to say was….”Sean says you should be up those percentages in TOTAL…all tranches. Which you clarified…thanks.

    Sean Hyman
    Keymaster
    Post count: 7046

    Yep, the average return of all of the tranches, rather than just any one tranche. Correct.

    David Wood
    Participant
    Post count: 91

    Yes the percentages mentioned were total percentages of all tranches (3 on USO only 1 on XOP). The last tranche on USO was 73% for 239 days.

    Sean Hyman
    Keymaster
    Post count: 7046

    Awesome. Yep, that 3rd tranche can be amazing! Also, when you happen to get a 1st tranche far under what we got in, can act as the same.

    Congrats on those great gains.

    Ling
    Participant
    Post count: 286

    USO Up 21.8%, Should I sell it?

    Sean Hyman
    Moderator
    Post count: 3386

    Yes.

    Ling
    Participant
    Post count: 286

    Thanks.

    Sean Hyman
    Moderator
    Post count: 3386

    You’re welcome.

    Sean Hyman
    Keymaster
    Post count: 7046

    USO goes to another multi-month high today.

Viewing 15 posts - 1 through 15 (of 92 total)
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