Post by
jkjkjkjk on Jul 13, 2020 2:52pm
Will it ever go back to over $30 by end of this year..?
I am seeing a huge drop happening since an hour ago...
Comment by
DSurfer on Jul 13, 2020 4:58pm
Nobody really knows but at 1X chances are pretty grim unfortunately. I'm still holding and watching. May as well forget it for a while I guess... DS
Comment by
ufoolme on Jul 18, 2020 9:43am
As long as HOUstays at 1 time ratio, it would take oil over $80 a bbl to see ETF at$30.
Comment by
DSurfer on Jul 18, 2020 10:41am
Yes, unfortunately, that's the issue here ufoolme. I'm thinking of selling this painful one and move to a better 2X or 3X ETF. It could be US or the Canadian markets. GUSH on the US stock exchange looks interesting while we wait for any development regarding the HOU 2X to kick in whenever that happens... DS
Comment by
ufoolme on Jul 19, 2020 7:30am
I'm not sure "better" is the term I would use. All of These ETFs generally follow their objective. It's the performance of the underlying target that is the driver. The ETF price just follows the underlying price direction. You just have to be right about when you are in or out. And the bigger the leverage, the more erosion that occurs.
Comment by
JettJava on Jul 18, 2020 9:08pm
@ufoolme hahahahaha You're baaaaaaaack you leave you says you're Never coming back to talk to us idiots and you always return....... you say you sold this a long time ago but Everytime you Ride off into the sunset ........ you come running back because .... Reasons ....... lmao!