Wednesday, June 22, 2011

As for UCO

Yesterday around 3:30 I announced my intension to hold some UCO (leveraged long crude ETF), I'm thinking about selling the position before the 10:30 EIA Petroleum report, just because of the knee jerk volatility often seen when the report first comes out. I may re-enter the position and if I see an opportunity there I'll be sure to let you know.

So far UCO is up 2.21% on the day.

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