If there was one big winner coming out of last week's election, it had to be recreational marijuana use. If they cannot meet these conditions, they will be delisted, which would be disastrous for their entire fund. Tech ETFs can be a great addition to your portfolio. hi david! On Wednesday morning, USO manager USCF said in an 8K filing that “it will execute a one-for-eight reverse share split that will be effective for shareholders of the United States Oil Fund.”. a pro. Some of Clare’s Supporters May Have Put Nails in Her Coffin, Former Nxian: Clare Bronfman and Brandon Porter Won’t Acknowledge the Truth About Keith – Their Inner Worlds Would Collapse, Who’s Still in and Who’s out of Nxivm Part 3 – More DOS Slaves and SOP Soy-Cucks, De-fund the Police? Donna Kinnair Slips up Live: “We haven’t infected enough of the population with this virus”, JFK Jr. TRUMP & SONS AND THEIR “BASELESS” FRAUD CLAIMS. A 1-for-2 reverse split took effect in 2011, followed in early 2012 with a 1-for-4 reverse split. This is by design and was supposed to happen. Let’s start out by clarifying a key concept. The purpose is to increase the share price, while proportionally reducing the quantity you own. Before you understand the need for a reverse stock split, let’s talk about how we got here in the first place. Volatile gas prices led that fund to do three reverse splits during its history. Luv these guys. Many people use the term “USO oil stock”, which is inaccurate. So, USO… Election Security: When to Worry, When to Not, and the Takeaway from Antrim County, Michigan, RIAA Abuses DMCA to Take Down Popular Tool for Downloading Online Videos. Their training is by far the best for the success I know I can achieve. The iPath S&P GSCI Crude Oil Total Return Index ETN (OIL) closed up shop altogether. What's likely to happen is that the stock price for the new shares after the reverse split will be about eight times higher than their price from before the reverse split. Post was not sent - check your email addresses! Granted, it still has some ways to go before it approaches more healthy long-term levels, but it's certainly looking like the short-term bottom is in. Market data powered by FactSet and Web Financial Group. The content is amazing and the Team is very supportive. Dead people registered to vote: Trump camp: Trump marks Veterans Day in rain; CCP to blame for 2020, Trump supporters seek the truth at ‘Stop the Steal’ rallies in Pennsylvania, Michigan and California, GA to have full hand recount; Trump wins AK; ByteDance challenges TikTok divest order | NTD Business, Persecution of Christians in Northern Nigeria, Obianuju Ekeocha at the online) All Ireland Rally For Life (, Collins: Recount is a key step for fair election in Georgia, Democrat ties to Dominion with Michael Johns, Penn. As you can see, options are also kept whole during splits. As noted above, the NYSE Arca does not permit the trading of fractional shares. Don't think twice and sign up.The investment on your trading setup can go from 1500 to 3000 USD + funding your account. I bought in before the 25:1 split at around $1.33(so $33ish). TRADEPRO Academy is not responsible for any liabilities arising as a result of your market involvement or individual trade activities. And that's on top of the significant losses that investors face by trying to play the oil futures market. Fund issuers throwing hail marys to try to save their products is becoming a common theme this week. These funds are only appropriate for those highly risk-seeking investors comfortable with taking a total loss on their investment. It announced its own 1:8 reverse split in order to stay afloat. GeorgeP (founder/head trader) does a great job explaining market behaviour and decision-making in real-time. partners, these are the only guys I follow on line. These orders shut down the economy abruptly overnight. The 1500% pre-market gains showing on some ticker feeds aren't real. He is a proud father and I love him for that and I can't blame him for not being around at the moment. + Information About the State of our Nation +. #StopTheSteel NATIONWIDE RALLIES TODAY! For instance, if U.S. Oil Fund closes around $3 per share, the new shares would likely trade at roughly $24 per share. Everything else remains the same and based on market conditions. Knowledge is one thing but to take you by the virtual hand and seamlessly have you to execute is golden! McConnell: Trump is ‘100% within his rights’ to question election result. My future reporting is at stake. I found George & Mark on a Podcast, Mind over Markets and really liked these guys. The combination of in-fighting among major oil-producing nations and plunging demand due to the coronavirus pandemic has sent crude oil prices plunging. I'm anticipating a return back to the $4 area here over the next month or so as governments continue pushing to open up the economy and create some more demand for crude products. You might think that an eightfold price increase would be cause for celebration, but there's a catch. Stock Advisor launched in February of 2002. look at the history of companies that have done reverse splits on declining price action... the future results are normally not impressive... do you think you are going to beat the odds this time? The collapse and crash of crude oil occurred due to an ill-timed double black swan event. Importantly, it also covers trading pshychology and a plan to be consistently profitable.The community is inclusive and an important aspect of developing your skills and keeping a growth mindset as you build your trading career.I highly recommend joining the community. There are several reasons for that, but the only thing you really need to know is that the fund hasn't been able to meet investors' expectations in tracking spot oil prices. United States Oil Fund, LP (USO) has announced a 1-for-8 reverse stock split. In fact, below is a daily comparison chart showing both the price of crude oil versus the USO ETF. With year-to-date losses of around 80%, USO is desperate to save the fund from turning into a total collapse, which I wrote about here yesterday. Since crude hit its highs in 2008 around $150 per barrel, United States Oil Fund has lost between 97% and 98% of its value. We are honored to have your support. The Scandal of OUR TIME: The Playbook is KNOWN. Unfortunately, it's very unlikely. Shares of USO will trade at their post-split prices on April 29, 2020. am suing the “Fact-Checkers”, MyBLEXIT Bryson Gray on Affecting Culture, Concentrating on Clinton Foundation Facts, A Deep Dive into How the Clinton Foundation Operates Illegally and in Haiti. Pre USO oil split options position: Own 8 contracts; The strike price of $5 It works but you. He has recently had a new baby and I understand too well why he doesn't appear at the trading room. On top of that, the negative volume index appears to have also hit its floor. The Wrong Answer to the Right Problem. If the share price gets too low, companies can do reverse splits. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The culture of this community is amazing; learning in a. supportive and kind environment is important to me. And to survive, it will succumb to the lowest tricks in the book including puffing up its stock price using such cheap gimmicks as reverse stock splits. I just invested in UCO at $12 per share.Do you think there’s a chance it may go back in the $100-$200 range once things start opening back up? As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on Fool.com. This one, however, captured more attention since USO is up to around $4 billion in assets and was the target investment of choice for those looking to speculate on oil prices. Along with it, shares of the exchange-traded United States Oil Fund (NYSEMKT:USO) have fallen significantly as well. So, you might be wondering why would the USO oil fund managers want to do this? Former Black Lives Matter Ferguson Organizer, Chaziel Sunz Exposes Democrats, Antifa, BLM & More. Let’s unbox this concept a bit further. The reverse share split will affect all of USO’s shareholders. If you liked this article/video, please click the LIKE button or share it on Twitter, Facebook, etc. Sorry, your blog cannot share posts by email. The split for USO took place on April 29, 2020. The more important question is why United States Oil Fund needs to do a reverse split. How does USO replicate performance? Antisemitism and Violent Extremism in America, National Strategy for Domestic and International Issues, Right-Wing Militia Groups and the 2020 Election, Diamond and Silk magnificent interview on OAN with Alex. Thanks to George, Mark, Vic and the whole community of amazing people/traders. The calculation for options is very similar. If there was one big winner coming out of last week's election, it had to be recreational marijuana use. be realistic and please trade the odds in your favor, why on earth would you still be holding this. One week ago I bought 100 contract of USO July $5.50 at $.10 each. In these times, it is always best to contact your broker who holds your position. 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