show-me's Account

[Show-me]

I think he bought it alot cheaper and decided to sell some. I got 100oz (2 50oz bars). He has several customers and was limiting amounts to spread it around.

That is very sweet!

[Show-me]

I still own UCO with a average price of $8.60 a share. Bought BGU for $17 a share yesterday.

[Show-me]

Just sold my BGU for a 2% profit, I'm worried this rally is loosing steam. Should have dumped my UCO yesterday and bought it back lower.

[etftalk]

Great patience with UCO. I assume this is a long term position but you will trade the big moves?

Where's oil going? The dollar is the key. Actually the economy is the key and the dollar will be directly affected. The way I see it, if the economy stabilizes, oil should benefit, but bond yields would likely inch up, causing the dollar to "strengthen?", which would not be great for oil.

Hmmm... How do you see it playing out?

[Show-me]

I have limit sells set in the $10 range which is along the 50dma. My concern is becoming that OPEC can not get members to actually cut and the economy falling of yet again to the S&P 550 to 650 level. Tide raises and sinks all ships analogy comes to mind.

Inventory report came out and said we had a 700k build instead of a 1M draw down that was expected.

I almost sold yesterday when I had seen I was break even in UCO dca buys.

I'm getting impatient or is that impenitent. Gotta watch that spell check!

[JTH]

Inventory report came out and said we had a 700k build instead of a 1M draw down that was expected.

Thanks ShowMe, some of what you said made it easier to let go of my position in ERX. The profits are taken off the table and as usual,I'll wait for confirmation of a direction.

[Show-me]

Just sold my BGU for a 2% profit, I'm worried this rally is loosing steam. Should have dumped my UCO yesterday and bought it back lower.

I bailed out because I was scared and now it hits my target in premarket. I must learn discipline.

[Show-me]

Faz @ 34.95

[etftalk]

Financials are hanging tough today so far. I was hoping FAZ would be flying today with the Dow down 100+.

[Show-me]

I'm not getting that either, Tom.

Still holding my UCO but have lowered the price target on some shares to free up capital.