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locogmac: Trade Notes

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Trade

Bought to Cover 100 shares of USO at 53.34

locogmac posted on 10/27/08 at 06:33 AM (Note posted about 9 hours after the trade)
Trades | Notes | Blogs
Users Bought (30 Days) 17 (100%)
Users Sold (30 Days) 0 (0%)
Market Cap 2.20B
52-Week High 119.17
52-Week Low 27.73
10 Day Volume 27.71M
P/E 2.21
EPS (Trailing 12 Mos.) 18.52
1Day 5Day 1Mo 3Mo 6Mo 1Yr

Transaction: Bought to Cover
Symbol: USO
Quantity: Not Shared
Price: $53.34
Value: $Not Shared.
Stop Order: No @ $
Target Price: $
Learning to get out when things aren't going your way. Took a loss of about 2% here. Will likely attempt to go short again in a couple days.
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Posted by locogmac on 10/27/08 at 06:33 AM

Tag It | 1 user tagged it: USO, stock, cover

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snowman

Member since: Mar 07
5 Day -27.03%
15 Day -51.95%
1 Month -57.16%
3 Month -60.69%
6 Month 223.57%
As of: 01/08/09
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Trades 590
Trade Notes 184
Blog Posts 98
Construction Union
Age: 40's
Pittsford , NY UNITED STATES
snowman
Posted October 28, 2008 (02:18AM)
Go LONG! Still feel we are in for another leg down on the markets. Oil will probably follow, but then again maybe not? Commodities are going to go up. That is about the only thing I am sure of at this point. The Government pumped 860 billion into the system Monday and 700 billion bailout package starts today. This money is looking for a home.
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locogmac

Member since: Sep 06
Trades Not Shared
Trade Notes 33
Blog Posts 21
Student
Age: 20's
Washington UNITED STATES
locogmac
Posted October 28, 2008 (05:16AM)
Yeah, it might be time to go long on oil soon. I believed that oil was going down right up until elections and so far it seems to be the case. 7 or 8 days to go until elections, might need to start trying to catch that bottom :)
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apalmer

Member since: Nov 08
Trades Not Shared
Trade Notes 0
Blog Posts 1
Student
Age: 20's
Chico, CA
apalmer
Posted December 25, 2008 (04:39PM)
Oil is down below 30 now, so if you found a useful place for the cash that you saved here, this was a great sacrifice, you did the right thing.
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