Monday, July 31, 2006

USO - Stopped Out


On Friday I was stopped out of USO (U.S. OIL FUND ETF). The Stop Loss I put in place did what it was supposed to do, namely, keep a small loss from turning into a bigger loss. While I'm at it let me make a plug for Interactive Brokers. The trading cost for selling 200 shares was $1. Interactive Brokers won't do any hand holding. You can't get any advice on-line or by phone, but it's really hard to beat their trading commissions.

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