Comments on: Oil a Value Buy?

By: chrisperruna.com » Blog Archive » My Twitter Positions are Up Big

chrisperruna.com » Blog Archive » My Twitter Positions are Up Big — Mon, 08 Jun 2009 10:58:59 +0000

[...] ticker in my tweets, appearing five times over the past two months (DXO first appeared on this blog last November as a speculative oil [...]

By: oilman

oilman — Sun, 30 Nov 2008 17:48:42 +0000

Oil will rebound back towards $80.00 soon. HUGE rally coming.

By: Chris

Chris — Sat, 29 Nov 2008 02:59:39 +0000

Ben,
USO and UGA are two others that can be tracked. Many exist for trading purposes.

By: Holiday Linking | Forex Story

Holiday Linking | Forex Story — Sat, 29 Nov 2008 02:06:46 +0000

[...] Perruna wonders whether or not Oil [is] a Value Buy? He provides charts as substantially as organisation ETFs to change bullish and bearish [...]

By: Ben

Ben — Thu, 27 Nov 2008 01:59:35 +0000

Is theire a reason why you do not talk about USO

By: Renee

Renee — Wed, 26 Nov 2008 22:07:00 +0000

Another play on oil are the two new Proshares ETF’s that just started trading today:
Ultra DJ-AIG Crude Oil (UCO), and
UltraShort DJ-AIG Crude Oil (SCO)

By: Neil

Neil — Wed, 26 Nov 2008 19:52:57 +0000

Whew – I might only daytrade a 3x leveraged ETF like ERX in this market. When the bear is long-dead, then maybe hold for a bit.

I’m betting crude prices will rise. Demand should rise at these levels (it’s $1.43 at the pump locally as I write this). And even if not, OPEC (aka Oligopolistic Purists Enjoying Carbon) will have an incentive to cut production to raise price.

Please let us know what you entry points and risk-to-reward scenarios look like when you establish them. Also, I’d be interested to hear your thoughts on oil price arbitrage/manipulation, now that it’s so blatantly apparent…

-Neil

By: zaiteku

zaiteku — Wed, 26 Nov 2008 19:22:16 +0000

Hi Chris,

any special considerations with ETN’s vs ETF’s? I think the doubles have fees to maintain the double status right?

-Ty

By: Bill Luby

Bill Luby — Wed, 26 Nov 2008 17:01:10 +0000

And I thought I was going it alone here. For those who like to play with nitroglycerin, there is also the Direxion 3x ETF option: ERX. This ETF tracks the Russell 1000 energy index.

Good trading and Happy Thanksgiving,

-Bill