• Hello, please take a minute to check out our awesome content, contributed by the wonderful members of our community. We hope you'll add your own thoughts and opinions by making a free account!

Misc Stock Market

We may be warming up today to go timber on Friday when the official unemployment comes out for March. But I also thought the unofficial report would do it last week and that day was high.

If I'm right, I might nibble on the Apple some there. But I also saw that in the options business, there was one person that had a put for $150, so I'm uncertain. Also watching Facebook, Disney, and have added on Target again and maybe Starbucks to watch.
 
Jimmy Hypocracy said:
Take a look at UCO and tell me what you think. It’s a 2x Crude Oil ETF that has really taken a beating the last month or two. Upside looks solid but I’d like to know what some of the seasoned experts on here think.
Click to expand...
Isn't holding a daily leveraged ETF for the medium/long-term generally considered a bad move because of decay?

I expect crude oil to be 2-3 times higher than it is now in another 1-2 years, so I expect oil to be on an upward trajectory, but I’m not sure the leveraged ETF will behave as expected.
 
Last edited:
GeorgiaGirl said:
We may be warming up today to go timber on Friday when the official unemployment comes out for March. But I also thought the unofficial report would do it last week and that day was high.

If I'm right, I might nibble on the Apple some there. But I also saw that in the options business, there was one person that had a put for $150, so I'm uncertain. Also watching Facebook, Disney, and have added on Target again and maybe Starbucks to watch.
Click to expand...
I kind of feel like all the bad news is priced in at this point. I wouldn’t be surprised to see the indices fall some more, but I don’t know if the DJI collapsing too far below 20,000 is likely at this point. If 3 million unemployment claims didn’t do the trick last week, I’m not sure what will.
 
superjames1992 said:
Isn't holding a daily leveraged ETF for the medium/long-term generally considered a bad move because of decay?

I expect crude oil to be 2-3 times higher than it is now in another 1-2 years, so I expect oil to be on an upward trajectory, but I’m not sure the leveraged ETF will behave as expected.
Click to expand...
I got stuck with it. Actually made profit the first day I had it but couldn’t sell bc I can’t sfford another good faith violation on my account. So I tried to average down the other day and here we are..in the hole

Also I’ve held SQQQ for a week and I’m now in the green today. So decay isn’t always a problem.
 
I bought 100 shares of Carnival today. It’s a gamble for sure, but if they survive it will be a good long play. Could take the industry years to recover to previous levels. If they do survive I will also get onboard credit for every cruise I may take as a shareholder, so that’s a bonus I guess. It is possible I may have jumped in too early as there is no good news in sight for the industry, but I’m hoping that’s mostly already priced in.
 
buckinbronco said:
I bought 100 shares of Carnival today. It’s a gamble for sure, but if they survive it will be a good long play. Could take the industry years to recover to previous levels. If they do survive I will also get onboard credit for every cruise I may take as a shareholder, so that’s a bonus I guess. It is possible I may have jumped in too early as there is no good news in sight for the industry, but I’m hoping that’s mostly already priced in.
Click to expand...

Welcome to the team? I keep buying it as well. Smart long term stock that’s for sure.


Sent from my iPhone using Tapatalk
 
You must log in or register to reply here.
Back
Top