Looks like they acted too soon in closing the fund. We could have done well last week.
True that BUT they did not want it to go to ZERO.
I have a new plan. I was going to buy NRGU at $2.00 $1.75 and $1.50 ( approximately down to $10 - $15 crude ), but our pres started talking and CRUDE ran up to $29ish. Plan foiled! I sold NRGU for a small profit.
I am now going to buy an inverse ETF ETN and ride it down to CRUDE $15.00ish. Then flip back to NRGO for the eventual ride back to $30 CRUDE.
Timeline: Sometime in June 2020.
JohnCM
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