Tuesday, October 28, 2008

I bought Oil today ( USO ) 10/28/08 - Bullish on Oil

Why did I buy Oil today? If stocks are going to rip higher you better believe these commodities that have gotten crushed will come back as well. Oil is overdue for a bounce and most of the Oil related stocks took off and the end of the day today. I bought the USO at $52 and I see it is running up afterhours over $53.

Yes, I am bullish on Oil once again!