jetsfan4life51 Posted January 14, 2021 Share Posted January 14, 2021 1 hour ago, jetsfan4life51 said: Anyone familiar with GUSH? 4-5 years ago it was $26,800 but probably averaged $15-17k during that span. Last January it was $1300 and plummeted. Now it's back on the rise but only $54. I think gas prices will go up under Biden so was looking into Oil/Gas/Energy. Reading it's an inverse stock. No idea how this works but I like where it could go lol. Quote Link to comment Share on other sites More sharing options...
Shockwave Posted January 14, 2021 Share Posted January 14, 2021 2 hours ago, jetsfan4life51 said: Anyone familiar with GUSH? 4-5 years ago it was $26,800 but probably averaged $15-17k during that span. Last January it was $1300 and plummeted. Now it's back on the rise but only $54. I think gas prices will go up under Biden so was looking into Oil/Gas/Energy. Leveraged ETF's are ok for day and short term trading but not advisable for investing. They have extremely high expense ratios that are taken from the value of the shares. This leads to constant share devaluing and reverse splits to keep the share prices up. The prices of these ETF's are reset every day and then they move in accordance with the underlying ETF 3X. In this case GUSH is the bull for XOP, Drip is the bear. If XOP moves 1% Gush will move 3%. I urge you to do research on the risks involved with any leveraged ETF's. They can be an effective trading tool when used correctly but the prospectus clearly shows they are decaying assets that will eventually go to $0. If you want to invest in gas/energy etf's the safe plays are XOP, XLE, USO Quote Link to comment Share on other sites More sharing options...
jetsfan4life51 Posted January 14, 2021 Share Posted January 14, 2021 19 minutes ago, Shockwave said: Leveraged ETF's are ok for day and short term trading but not advisable for investing. They have extremely high expense ratios that are taken from the value of the shares. This leads to constant share devaluing and reverse splits to keep the share prices up. The prices of these ETF's are reset every day and then they move in accordance with the underlying ETF 3X. In this case GUSH is the bull for XOP, Drip is the bear. If XOP moves 1% Gush will move 3%. I urge you to do research on the risks involved with any leveraged ETF's. They can be an effective trading tool when used correctly but the prospectus clearly shows they are decaying assets that will eventually go to $0. If you want to invest in gas/energy etf's the safe plays are XOP, XLE, USO Good to know, I will go with XLE most likely. Thanks. Quote Link to comment Share on other sites More sharing options...
Ty21 Posted January 14, 2021 Share Posted January 14, 2021 13 hours ago, jetsfan4life51 said: Anyone familiar with GUSH? As in what your girlfriend does when she sees me? 2 Quote Link to comment Share on other sites More sharing options...
UncleAdamz Posted January 14, 2021 Share Posted January 14, 2021 Dang shouldn't have sold MGNI, it's turning into APPS v2. PERI should run at some point though. Quote Link to comment Share on other sites More sharing options...
Ty21 Posted January 14, 2021 Share Posted January 14, 2021 My recent buys: CCIV $15.22 each. It’s at $17 now URG $1.15 each. $1.20 now VBIV $3.10 each CSCW $0.83 each Quote Link to comment Share on other sites More sharing options...
Ty21 Posted January 14, 2021 Share Posted January 14, 2021 39 minutes ago, UncleAdamz said: Dang shouldn't have sold MGNI, it's turning into APPS v2. PERI should run at some point though. I just dumped MGNI at 30. Might regret it but it might come back down again. Quote Link to comment Share on other sites More sharing options...
El Ramster Posted January 14, 2021 Share Posted January 14, 2021 Cpsh blew up Quote Link to comment Share on other sites More sharing options...
Shockwave Posted January 14, 2021 Share Posted January 14, 2021 Weird market day. Small caps are absolutely ripping but tech and S&P basically flat Quote Link to comment Share on other sites More sharing options...
Fresh Prince Posted January 14, 2021 Share Posted January 14, 2021 IDEX up 22% today but still down overall. Just 30 cents till I get back to my avg. Quote Link to comment Share on other sites More sharing options...
El Ramster Posted January 14, 2021 Share Posted January 14, 2021 Amazon has been poop for me. Low key might sell and just add it all to ally or ark,. Ark is making a new etf.. It has to do with space. I’m going to dump some money into that bad boy. ArkX Quote Link to comment Share on other sites More sharing options...
El Ramster Posted January 14, 2021 Share Posted January 14, 2021 Bbby wow Quote Link to comment Share on other sites More sharing options...
Shockwave Posted January 14, 2021 Share Posted January 14, 2021 24 minutes ago, El Ramster said: Amazon has been poop for me. Low key might sell and just add it all to ally or ark,. Yea Amazon has been stuck in a rut between 3100 and 3200 for over a week now. Which is nice for me because it's formed some really strong lines of support and resistance. 1 Quote Link to comment Share on other sites More sharing options...
El Ramster Posted January 14, 2021 Share Posted January 14, 2021 18 minutes ago, Shockwave said: Yea Amazon has been stuck in a rut between 3100 and 3200 for over a week now. Which is nice for me because it's formed some really strong lines of support and resistance. How do you play calls that have a year 2 years left till they expire Brody.. Sell or hold. Quote Link to comment Share on other sites More sharing options...
bcb1213 Posted January 14, 2021 Share Posted January 14, 2021 Game stop up another 25% today. This is fun lol Quote Link to comment Share on other sites More sharing options...
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