Investing.com - Financial Markets Worldwide
🔴 LIVE: The Secrets of ProPicks AI Success Revealed + November’s List FREEWatch Now

ProShares UltraShort Bloomberg Crude Oil (SCO)

NYSE
Currency in USD
18.68
+0.24(+1.30%)
Closed
After Hours
18.64-0.03(-0.16%)

SCO Comments

WTI Headed to $79 or Lower. SCO Headed to $17.50 or Higher
Trading idea - Entry point has to be over 23/61.80%
SCO  --> 70s High ?
"U.S. bill pressuring OPEC+ after oil production cut gains momentum" https://www.investing.com/news/commodities-news/republican-us-senator-seeks-to-put-bill-pressuring-opec-onto-defense-bill-2906780
WTI Trading Range $76-$88/BBL Oct/Nov '22. Heading Down before Up
At the President’s direction, the Department of Energy will deliver another 10 million barrels from the Strategic Petroleum Reserve to the market next month, continuing the historic releases the President ordered in March. The President will continue to direct SPR releases as appropriate to protect American consumers and promote energy security, and he is directing the Secretary of Energy to explore any additional responsible actions to continue increasing domestic production in the immediate term.The President is also calling on U.S. energy companies to keep bringing pump prices down by closing the historically large gap between wholesale and retail gas prices — so that American consumers are paying less at the pump.
The worst president we’ve ever had!
hold it until 29
Short 21.50. Decay will accelerate fall to $19
SCO $18.69 ... profit stopped at 11:48:05
price become 21.50? consolidated?
Short at 5.17
I may short if this is pushed up to 5.50 tomorrow.
this is traded on futures contracts not spot price. if you don't understand that you shouldn't be in it. next one expire June and then Dec
Regardless, it is an extremely poor performing ticker that does not meet its stated objectives. Best to short any spikes similar to the accelerated decay of UVXY.
similar goon botowners as crpto flipping pennies all day and making this look like *****so they can aquire it cheaper
Oil down SCO down. Makes sense
Might be worth a gamble to long at 5.29. DUST from friday to Monday, today, worked out well. Dead cat bounce money possible.
Better yet, buy in the morning. 5.14 quite possible. 5.14–>5.50 and close.
This has a performance similar to UVXY. The way to make profit is to short spikes.
Short a short fund?
https://www.prnewswire.com/news-releases/proshares-ultra-bloomberg-crude-oil-etf-class-action-alert-wolf-haldenstein-adler-freeman--herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-southern-dis-301107971.html
this isn't this stock. it's uco and uco is up $100 in the last year
don't buy this. its a scam https://casetext.com/case/di-scala-v-proshares-ultra-bloomberg-crude-oil
wrong stock. get a grip
 right, another stock by the same issuer gets class action. Nice vote of confidence
crude looks to open down 6%, anxious to see what this sick joke will do
I got out with profit, but certainly s scam. I am sure they have “fine print” to get them off the hook, but so unethical. Short funds must be paying them well. Who woulda thought.
if you are out why do you continue to post? seriously
to warn others how poorly this performs. To vent my frustration with such a scam. I timed the market just right, but I was not rewarded as handsomely as I should have been. Profit is profit, but others should know this ticker is skewed to please oil bulls that actually short this ticker rather than long it ( as its supposed and intended purpose). Hopefully people will scroll and see everyone’s legitimate frustration. I performed my due diligence, and I am a very experienced trader and investor. I have every right and obligation to help others in their trading/investing careers. Best wishes to you. I know you are trying to make some profits going long this ticker.
 Thank you.
Scam ETF, will never buy this again, and still have to deal with the K-1 Form.
crude down 3.5% SCO down 1.5% What kind of sick joke is this? How is this even ethical?
Rumor has it they are going to change the ticker ftom SCO to LOL.
Crude down 5%, this is down 2%. Lol. What a scam! Very poor performance.
Shorts are shorting the snot out of this. Once again retail loses. Keep it moving.
...
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.