Supplicium Posted December 4, 2015 Report Share Posted December 4, 2015 well that opec meeting today went well lol. Currently world is consuming 2 million less barrels then we produce, IRAN pledges to boost production up 1 million barrels a day, and Saudi's continue to boost production. USO 52 week LOW Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted December 4, 2015 Report Share Posted December 4, 2015 well that opec meeting today went well lol. Currently world is consuming 2 million less barrels then we produce, IRAN pledges to boost production up 1 million barrels a day, and Saudi's continue to boost production. USO 52 week LOW I guess either lambo next year or no toy. I've just bought another 2k share. Quote Link to comment Share on other sites More sharing options...
Supplicium Posted December 4, 2015 Report Share Posted December 4, 2015 I guess either lambo next year or no toy. I've just bought another 2k share. whhhhhyyyyyyy? Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted December 4, 2015 Report Share Posted December 4, 2015 whhhhhyyyyyyy? Because I started buying at $18, bought some more at $15, and more now. I'm in for the long run. I can still afford to buy, when it goes into $9.xx that when I'll be in negative for the year. Quote Link to comment Share on other sites More sharing options...
Littleguy Posted December 4, 2015 Report Share Posted December 4, 2015 Agreed, got my cost average to below 13.00 this week. Quote Link to comment Share on other sites More sharing options...
gillbot Posted December 5, 2015 Report Share Posted December 5, 2015 Ended up panning out better than I expected. Got premium for $2.29/gal which was only $0.60 more than premium. Way better than the local $2.80+, and the station is only ~20 minutes away so not too bad of a drive to get it. Finally, a place to get decent premium. Paid $2.13/gal today. It's well worth the 20 minute drive to save $0.75+/gal. Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted December 7, 2015 Report Share Posted December 7, 2015 Fooock!! USO is down to $12.0x. This will be a long holidays season. Quote Link to comment Share on other sites More sharing options...
Orion Posted December 7, 2015 Report Share Posted December 7, 2015 Crude for prompt month in the ~$38 range as of right now. Wacky. Quote Link to comment Share on other sites More sharing options...
Supplicium Posted December 11, 2015 Report Share Posted December 11, 2015 anyone catch that 35 handle? :PPPPPPP Quote Link to comment Share on other sites More sharing options...
Zx2guy19 Posted December 11, 2015 Report Share Posted December 11, 2015 USO is down to $11.18....thoughts on buying 1-2k? I'm fine holding it for a year...is it going to hit $10.xx? Quote Link to comment Share on other sites More sharing options...
Supplicium Posted December 11, 2015 Report Share Posted December 11, 2015 USO is down to $11.18....thoughts on buying 1-2k? I'm fine holding it for a year...is it going to hit $10.xx? Im personally waiting until 10/10.50 as an entry point but for only 1-2k waiting for another .50 cents doesnt really hurt you and you are atleast in the game. I like the XLE better than USO, im stalking that one hard! Be patient and wait for the trend to turn instead of catching falling knives. Quote Link to comment Share on other sites More sharing options...
Zx2guy19 Posted December 11, 2015 Report Share Posted December 11, 2015 I've never bought stock before- what do you guys prefer to use and how long does it typically take to transfer money? Quote Link to comment Share on other sites More sharing options...
Littleguy Posted December 11, 2015 Report Share Posted December 11, 2015 I like Scottrade. My ACH deposits usually take about 5 minutes to complete and be available for trading. Bought more USO this morning, I own a ridiculous amount of oil right now. Quote Link to comment Share on other sites More sharing options...
Orion Posted December 11, 2015 Report Share Posted December 11, 2015 anyone catch that 35 handle? :PPPPPPP I know, right? :fuuuu: The market, apparently, was just waiting for me to make a wager before running against me. :lolguy: I think I'm bout to be out $50. If it keeps going like this, it won't be worth fighting for for much longer. Which might actually be a good thing. Quote Link to comment Share on other sites More sharing options...
Zx2guy19 Posted December 11, 2015 Report Share Posted December 11, 2015 I like Scottrade. My ACH deposits usually take about 5 minutes to complete and be available for trading. Bought more USO this morning, I own a ridiculous amount of oil right now. So you buying more tells me it's worth buying. 52 week high is like $23/share, so basically potential to double your money on a long term hold...minus taxes. Is it even worth making 1k minus taxes? Quote Link to comment Share on other sites More sharing options...
Jewtoys Posted December 11, 2015 Report Share Posted December 11, 2015 So you buying more tells me it's worth buying. 52 week high is like $23/share, so basically potential to double your money on a long term hold...minus taxes. Is it even worth making 1k minus taxes? You should have a decent understanding of the market, before tossing in some cash. Just my advise... Quote Link to comment Share on other sites More sharing options...
Zx2guy19 Posted December 11, 2015 Report Share Posted December 11, 2015 You should have a decent understanding of the market, before tossing in some cash. Just my advise... Definitely appreciated. In real estate, I jumped in head first with no market knowledge at the age of 21 and made a crap load of money. Sounds like that won't work as well in this case. Quote Link to comment Share on other sites More sharing options...
Littleguy Posted December 11, 2015 Report Share Posted December 11, 2015 So you buying more tells me it's worth buying. 52 week high is like $23/share, so basically potential to double your money on a long term hold...minus taxes. Is it even worth making 1k minus taxes? I mean, I can never say what another person should or shouldn't buy. Is oil priced historically low? Yes. With time on my side do I have to worry less about prices going lower or "catching a falling knife"? Yes. As far as if it is worth making $1000 minus taxes? I always like making money no matter how little, lol. Best of luck, and I hope you have fun with it, learn, and make money. Quote Link to comment Share on other sites More sharing options...
gillbot Posted December 17, 2015 Report Share Posted December 17, 2015 These are typical, though premium is usually over $3 http://i72.photobucket.com/albums/i191/gillbot/image_zpsthlrznta.jpeg Quote Link to comment Share on other sites More sharing options...
Zx2guy19 Posted December 20, 2015 Report Share Posted December 20, 2015 Down to $10.66, Im transferring money to Scott trade tomorrow. Quote Link to comment Share on other sites More sharing options...
Das Borgen Posted December 20, 2015 Report Share Posted December 20, 2015 So USO is a ETF? I hate to ask such a basic question, but what is a ETF, and how do they correlate to commodities like Oil and Gold and Silver, etc? I've never really known and the descriptions I see online just confuse me more Quote Link to comment Share on other sites More sharing options...
Tractor Posted December 20, 2015 Report Share Posted December 20, 2015 ETF, exchange traded fund. just a group of stocks put together into a single fund to make it easier for you to get involved with investing without having to know what stocks your in specifically and follow each one. Diversification, etc is done for you by the fund managers if they any good. Important to make sure your getting the best deal you can find on funds as not all are the same, some will have high maint fees that the guy selling it to you will sometimes like to hide in the details. Quote Link to comment Share on other sites More sharing options...
Littleguy Posted December 20, 2015 Report Share Posted December 20, 2015 Tractor is correct, USO is an ETF that tries to match the price changes of the West Texas Intermediate Crude spot price. They do it by buying futures contracts, other types of oil, natural gas, gasoline, etc... Here are a couple of good explanatory links for you. http://www.investopedia.com/terms/e/etf.asp http://www.nasdaq.com/etfs/what-are-ETFs.aspx Quote Link to comment Share on other sites More sharing options...
Littleguy Posted December 20, 2015 Report Share Posted December 20, 2015 One thing I will say about buying oil now, imo, is that you have to look at it like it is a bank CD. If you have cash that you would otherwise put into a CD at the bank and not use for the next 2-5 years, I am all for putting it in oil right now. If you have money that you will need to use in the next 1-2 years or less, buying oil will entail some risk for you. This is how I am looking at it anyways. Quote Link to comment Share on other sites More sharing options...
Supplicium Posted December 21, 2015 Report Share Posted December 21, 2015 ^^ crazy Quote Link to comment Share on other sites More sharing options...
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