Simon: Sell USO 3/12

Its time to sell USO. the weekly price target has been met. I am getting out of my call option expiring next week. My expectations are that a pause or pullback will occur from here. either way, its not the ideal time to hold. very overbought with good spot for a pause. Taking profits is said to be the best way to be a loser in the longterm, but i think there are exceptions. Highly volatile and overly bullish and bearish sentiment are reasons to take profits. They are the times when profits cannot be let to run indefinitely.