AphroditusParticipantDecember 16, 2020 at 8:55 AMPost count: 72
Up 13%. Previously up 30%, sold it and when it pulled back, I bought it again.Sean HymanModeratorDecember 16, 2020 at 9:17 AMPost 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 WoodParticipantDecember 16, 2020 at 10:40 AMPost 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 HymanModeratorDecember 16, 2020 at 10:55 AMPost count: 3386
Anytime you’re up that much on anything besides SLV, you should consider locking in those profits.vmickelParticipantDecember 16, 2020 at 5:32 PMPost count: 33
Not positive but I think Sean means up those percentages TOTALLY including all tranches….which is maybe what you mean anyway.Sean HymanKeymasterDecember 16, 2020 at 6:04 PMPost 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.vmickelParticipantDecember 16, 2020 at 6:48 PMPost 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 HymanKeymasterDecember 16, 2020 at 7:01 PMPost count: 7046
Yep, the average return of all of the tranches, rather than just any one tranche. Correct.David WoodParticipantDecember 16, 2020 at 7:35 PMPost 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 HymanKeymasterDecember 16, 2020 at 7:41 PMPost 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.
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