Re: Oil?? Problem with USO
Interesting follow up to the original videos:
http://www.youtube.com/watch?v=fHUoMhDc4OQ
Re: Oil?? Problem with USO
Yeah, I posted about USO behavior and characteristics awhile back over in the "everything oil" thread. why I've been studying contango before I do any more investing in single-commodity ETFs. I tried paper-trading it earlier too (see my account thread) but got nailed very quickly. Was really glad I learned about contango via paper and not real green.
http://www.etftalk.com/forum/showpos...7&postcount=21
Re: Oil?? Problem with USO
Definitely not a buy and hold ETF. Sounds good on paper, but you're right, contango is going to kill anyone who chooses not to day trade this.