USO

[Aphroditus]

#38505

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

[Sean Hyman]

#38515

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]

#38538

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]

#38542

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

[vmickel]

#38642

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

[Sean Hyman]

#38646

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]

#38652

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]

#38653

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

[David Wood]

#38658

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]

#38659

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]

#38666

USO Up 21.8%, Should I sell it?

[Sean Hyman]

#38668

Yes.

[Ling]

#38671

Thanks.

[Sean Hyman]

#38674

You’re welcome.

[Sean Hyman]

#38705

USO goes to another multi-month high today.

[Author]

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