could someone explain to me why USO is down 2.5% today

I don't understand this. I thought uso was supposed to follow the oil market exactly. It is at the 52 week low here right now. thanks.

USO is on the April Contract, which is down. www.unitedstatesoilfund.com

USO is on the April Contract. www.unitedstatesoilfund.com

Thank you.

Reminds me of a dipstick boss I used to have. Raise time came around and he said "Your performance was absolutely fantastic. All year you worked miracles & walked on water and saved the company hundreds of thousands of dollars. That's the good news! Unfortunately there is no money for raises this year." Then next year came and he said, "Your performance was understandably less than last year and I had to jot down a couple of times when I noticed you weren't giving me 110%. Therefore, even though I have up to 15% raises available, I cannot give you a raise this year."

BTW, I'm accumulating USO right here as an investor, so I'm not worried about the dips. The expectation is for crude to skyrocket once the economy improves & who can be a timer of that process? Other than 'investing', I wouldn't know what to say about USO. I sure wouldn't buy options because it could go up big, go down a bit, or tread water for another 6 months or so.

BW

I don't understand this. I thought uso was supposed to follow the oil market exactly. It is at the 52 week low here right now. thanks.

Edited by BWTrader, 13 February 2009 - 03:12 PM.

You guys trading this???...and you have no idea of what front month expiration can do???? ...Azzholes...get real .....or get a brain.. ..ORRRRR...don't trade what you don't understand...!!!!!!!!! ....USO...as I explained with a quick and dirty this morning is going up....but you have to be able to take the draw down of whether it's a 3 down bottom or 5 down bottom.. ...GET IT....???? $#@%^&$& ..you guys are useless.... PS..April contract closed at 42 and change....it's UP...not $#@%^&$&ing DOWN!!! PS...IDIOTS...April has a 8 buck premium

Edited by Teaparty, 13 February 2009 - 04:29 PM.

I know you were NOT adressing me, TeaP. But, just in case you were, please call me at BR-549.
TIA,

BW

You guys trading this???...and you have no idea of what front month expiration can do????
...Azzholes...get real .....or get a brain..
..ORRRRR...don't trade what you don't understand...!!!!!!!!!
....USO...as I explained with a quick and dirty this morning is going up....but you have to be able to take the draw down of whether it's a 3 down bottom or 5 down bottom..
...GET IT....???? $#@%^&$& ..you guys are useless....

PS..April contract closed at 42 and change....it's UP...not $#@%^&$&ing DOWN!!!

PS...IDIOTS...April has a 8 buck premium

Edited by BWTrader, 14 February 2009 - 04:51 PM.