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Misc Stock Market

snowlover91 said:
Reverse splits are usually bad news... I’ll just say I found out the hard way and lost almost all my investment on a stock that reverse split years ago. There are rare exceptions and if oil runs next week it may not matter short term but be very careful.
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Exactly...Reverse splits usually don't end well, but it may be different results in the oil industry since it's such a necessary and vital commodity....If it comes down to it, a deal will have to be worked out
 
Flurry said:
Exactly...Reverse splits usually don't end well, but it may be different results in the oil industry since it's such a necessary and vital commodity
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UCO is a leveraged ETF. Most of the time, these products decay in price and end up reverse splitting. You absolutely cannot hold leveraged ETFs for a long time and keep your money. You will lose 100% of the time, due to the nature of these products.
 
Storm5 said:
Disney stock might be a good buy . Keeps sliding to around $90 bucks


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I’ve been waiting to get Disney to $90 and Starbucks to $60 but we haven’t gotten that low since the other bottom so I haven’t bought yet. I’m gonna put a limit order on my Marathon Oil and CPE so I don’t lose anything I’ve made. I’ll just buy it back when it gets lower.
 
Storm5 said:
Disney stock might be a good buy . Keeps sliding to around $90 bucks


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Seems like a nice safe long term play. I mean can anyone imagine Disney being allowed to go bankrupt?
 
Can’t decide if I want to bail out of my UCO position on Monday morning or if I want to hold til Friday in hopes of better oil news..
 
Jimmy Hypocracy said:
Can’t decide if I want to bail out of my UCO position on Monday morning or if I want to hold til Friday in hopes of better oil news..
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Me either . I guess I’ll wait and see what morning brings . I’m ready to dump quickly if need be . I hope I don’t have too cause even if oil drops I doubt UCO drops a large amount which means if I sell and bu back in later in the week it would be at a higher price vs what I’m in for now .

Lots and lots of money to be made if a deal can be worked out this week . Split coming on the 21st so we have a few weeks


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Dow futures up 244. Crude off 8% to $26 and change. 10 year near 0.6%. DXY almost at 101. And gold up slightly to $1616.
 
Well, here just after the end of the POTUS NC, the Dow is at session highs of +456!

Crude is down just over $2.

Edit: Dow now up 600 at 8:32 PM!
 
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Big week ahead !!! Obviously with UCO

But ECOR is waiting on an FDA emergency application to be approved . I bought heavy on them last week .

Also bought in IVR . Expecting a turn around at some point for them .

Then there are my S *** bags of JNUG . I hope I can dump them by Friday


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JNUG running hard this the AM

IVR up almost 25 percent pre market !!!!

UCO only down around 8-9 percent .

Could be a huge week


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