ha when I picked $Baker Hughes (BKR.US)$ because it was lagg...
well look at that, compared against GUSH a 2x leveraged oil sector ETF $Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares(GUSH.US$ (which I also own), that's lovely. it's been an outperformer since I bought it, I'm just mad I sold soo much for too cheap. ![]()
(I started selling when I doubled plus $10, and to be honest I should've been selling calls![]()
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Engineer, Commodity Buyer, Alert Bettor,
Tesla 🌬 Commodities BULL🐘 Precious Metals Dragon 🐲 and OIL Trumpeter 🗣🎺
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TinkerB3ll : Hi @iamiamdo you think Gush will still continue to climb? Does it correlate to the Oil price? Haha not sure it is sympathy play. I do see that when oil is down Gush is still up and the rest of the oil sometimes
iamiamOP TinkerB3ll: GUSH is XOP times 2. so it runs more off of chevron ExxonMobil ConocoPhillips. I think it has upside, after the elections especially, until thursday then I would exit... I have been paring GUSH down, again probably selling too early but I was converting to gold/silver, although that too I think gives me a big selloff friday.
icezzz : How about Oxy? Earnings soon. will this keep going up with election effect
iamiamOP icezzz: yeah I think so, I think it hits 80+ where I will sell some.
icezzz iamiamOP: Thanks for reply
Golden_Spoon : @iamiamwill you move to DRIP after Thursday?
iamiamOP Golden_Spoon: no, I would not short commodities right now (I would say here going forward but I dont want to be too bold) with the dollar falling and inflation high to increasing this is where commodities shine as safe havens. Yes they will go down but it would be essentially shorting a FAANG stock during the covid bull run, you may make good money but if you hold it you'll get wrecked.
Golden_Spoon : what is your next move after selling some of your gush? nice heavy into metals?
Golden_Spoon : move*
iamiamOP Golden_Spoon: probably start into sqqq