"Manwich - now Keto-Friendly" (manwich)
06/09/2020 at 15:23 • Filed to: None
1
3|
"Manwich - now Keto-Friendly" (manwich)
06/09/2020 at 15:23 • Filed to: None | 1
| 3 |
Recently I’ve had some money in UCO and GUSH.
Sold my GUSH a little early and missed the recent spike to the $60 range. But I still made a decent return, so I’m not complaining... nobody’s perfect and I’m certainly not. But I’m still holding UCO.
With the spike in GUSH, it got me interested in DRIP. As some of you may already know, where GUSH is a bet that oil/gas companies will go up, DRIP is a bet that oil/gas will go down. I think GUSH has peaked, which means DRIP is bottomed.
So today, I check to see how things are going.
I’m ahead on DRIP:
But interestingly, UCO (a bet that oil is also going up) is ALSO up today
So I’m making money on both ends being long AND short at the same time on energy.
This feels like the stock picker equivalent of a solar eclipse.
themanwithsauce - has as many vehicles as job titles
> Manwich - now Keto-Friendly
06/09/2020 at 16:03 |
|
Another UCO investor? I have done some selling off here and there and then rebuying in the valleys. I almost sold today but I'm glad I didn't. Might sell/rebuy at the end of the week though.
|
Manwich - now Keto-Friendly
> themanwithsauce - has as many vehicles as job titles
06/09/2020 at 16:24 |
|
I’m watching UCO and may sell soon. If CL.1 gets into the 40s, then it may be time to sell as I suspect it’s likely to be a short-term peak given that oil stocks are still higher than average
Future next gen S2000 owner
> Manwich - now Keto-Friendly
06/09/2020 at 16:31 |
|
Nice!