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Misc Stock Market

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.
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
 
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
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.
 
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.
 
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..
 
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..

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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Boom
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CPE must be getting pumped . It’s up when all other oil/ gas companies are down


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Still looking at APA. I don't think it's going to get down to last Wed. levels, but I still think there's a bargain to be had there.
 
Bailed on half of my CPE position for a small gain. Going to keep the other half till we hit several bucks per share or zero. Will buy more with a dip back to 0.40ish
 
Ok all my smart friends the JNUG chat boards are hell bent jnug stats green for two days . Any reason to believe that ?


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Bailed on half of my CPE position for a small gain. Going to keep the other half till we hit several bucks per share or zero. Will buy more with a dip back to 0.40ish

I'm holding for a while. Bought a chunk at .45...tough time breaking through .50 but will eventually, I hope.
 
I'm holding for a while. Bought a chunk at .45...tough time breaking through .50 but will eventually, I hope.
It seems to spike in the morning and sell off in the afternoon. If that trend continues, you could make some money. Once there's a direction with oil prices, I suspect that trend will break for a while.
 
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