Predicted oil collapse. Was right.

I sold ALL of my oil shares last week.

Why? cause it looked like OPEC would not come up with an agreement.

All the nations given an exemption from cuts, are ramping up their production.

That means all the other nations, have to eat more cuts.

Russia said they would freeze production, not make cuts. Even though their production is at record highs. This is NOT a recipe for an OPEC production cut.

Its a recipe for failure.

Oil is below $45 a barrel.

I saved myself from the disaster.

My investments are about $6,000 above principal.

 

Did you ever get back in the stock market after smugly telling us how you got out?

 

last week, I sold all of my USO shares.

I started out with around $77,000. Today I have around $83,000.

My plan is to get BACK into oil, if there is talk of an OPEC agreement or if it goes down to $30 a barrel again.

but so far, I am ahead.

 

Why not short it if you think it's going down?