USO

Thinking of taking a position in USO at around $30 a share. What does everyone think?

 I think there is a lot of upside to this compared to the downside but I wanted to get other opinions before I pull the trigger.

Input welcomed

Thanks guys

DXO may be a safer play because it has less to fall, but I think that the traditional surge that is seen during the summer may be kind of dulled down due to the recession, and people staying at work. 

either way its the time to get into one of these but like clay has stated etf's are not a science, and do not necisarily perfectly reflect the market.

here is a good link on the etf s

thanks for the info guys, DXO does look safer, I might take that route

i would not buy it if it was not sub 3.00
short term high of 3.25 and low of 2.42  i would seriously think about it if it hit 2.70 again.
as we speak it is right around 2.93 still some value but you have to ask yourself
if it is even worth it??
also,  there was a bit of a breakout on it last week, 
tuesday you could have bought @2.61
i would definatly sit on my hands on this one. 
at least for a while, and be very cognizant of the resistance around 3.20 

thanks for the info rick, i am not jumping to buy this on monday I am gonna watch it for a bit and buy if it gets cheap (around 2.60 or less)

friday were some big gains, 

watch it closely it could break that 3.20 resistance on monday

did you end up picking that up ??

man,  great great week for dxo. 
im kicking myself in the ass because I had to liquidate sub 3.00 when i lost my job

nope i missed it, i was hoping it would go down a bit early in the week but it never happened