USO is down 1.40 and OIL is 0.96 down. Just stay in both positions. I want for oil to drop to 80 per barrel. Since the longer term outlook for oil is much higher I will close the short position and double up on the long when that happens.
I would say over the next one to four weeks. But what I expect to happen when means nothing to and should mean nothing to you. The only thing that matters is how I respond to whatever does happen.
1.By a full position we mean 100 shares of a stock: So,, a 1/4 position is 25 shares if you have 100 shares of a stock or it's 100 shares if you hold 400 shares of the stock.
2.The Plunger Protection Team (PPT): This refers to the cabal consisting of among others secretary of the Treasury, the chairman of the Federal Reserve, the chairman of the SEC and the chairman of the Commodity Futures Trading Commission. Officially known as The Working Group on Financial Markets, it was created by Ronald Reagan to prevent a repeat of the Wall Street meltdown of October 1987. But on Wall Street no good thing goes uncorrupted.
3.Ponzi Unit or Ponzi Finance Unit: A business unit whose interest charges of a business unit exceed cash flows from operations of that unit.
4.Ponzi Finance: A method of finance (borrowing) where repayment of debt is achieved by the issuance of new debt. e.g. payment of a monthly credit card bill with another cerdit card.
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When do you expect this to happen?
I would say over the next one to four weeks. But what I expect to happen when means nothing to and should mean nothing to you. The only thing that matters is how I respond to whatever does happen.
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