Post by
JettJava on Aug 14, 2020 7:06pm
Ufoolme
you state that for this to reach 25 bucks oil needs to be 130 - 140 a barrel? Really? Hmmmm then what will HOU be when oil is 50 - 60 bucks a barrel?
Comment by
ufoolme on Aug 14, 2020 7:22pm
Depends on how fast it gets there, and whether it's 25 or 35. You are talking a 40% disparity between your target ETF price and a 20% disparity in oil price. Here's a guess for the next 60 days. At $50 oil, ETF would be about $16.00 to $16.50. At $60 oil, ETF would be at $19 to $20.
Comment by
JettJava on Aug 14, 2020 9:50pm
$20 HOU Would be a huge profit for me, $25 HOU Would mean a year's salary for me.
Comment by
mooresy on Aug 15, 2020 9:59am
Buy oil stocks instead. This is for daytraders and not meant to hold long term. If oil goes up quick this is a good play but if it slowly goes up you could end of losing money with the way it works. Be extremely careful. Past price means absolutely nothing. Read their website it tells you everything you need to know. Oil stocks much safer and still pretty cheap.