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Does this statement from you mean you are going to create your own OIL ETF ?
"I will be ready with a leveraged 3X ETF vehicle."
That article makes for a GOOD read. Think many on the sidelines , like me . are taking some time to develop their own plan of investment action as there is plenty of time it seems to do so. Best not to be in a hurry here. Just stay tightly tuned in on whatever news comes out. IMO
We all can speculate where the price of oil is going. GOOD bet it is still going to drop BUT that does not mean it will for sure. I, like others can easily just WAIT and see before JUMPING IN
AIMHO
You and a few million other people
The PPS of MFA is very much tied to the passage of the stimulus bill. Should that be delayed AGAIN the PPS may drop. The current DOW Futures is down. Not a good sign short term indicating a possible problem. BUT it will get passed and many companies will for awhile be made whole again including MFA. SO a little more patience may be needed here
If you want to check how others like MFA are doing for comparison
Here is a list
GPMT
MITT
NYMT
IVR
MFO
REML
PMT
WMC
CMO
MORT
EARN
CHMI
OCN
IMH
FNMA
FMCC
AMX
HCM
AMH
NAK Institutional Holdings
https://www.nasdaq.com/market-activity/stocks/nak/institutional-holdings
May have to wait for the stimulus bill to be passed first for that $3 PPS
Currently trading up nicely but holding in a trading range due I think to flipping and some understandable profit taking
PPS just broke above $2 in the PM trading
Current AH activity makes one wonder what tomorrow's trading will do.
Over $2 maybe ???
As of this post MFA is up over 62% in the AH at 1.85
Looks like yesterdays drop was over done
Guess you will not be needing that stimulus check from the government
GOLD just POPPED UP OVER $100/OUNCE this morning
That should HELP stabilize NAK's PPS
LOL We got a bit of a nice bounce this morning with GOLD shooting UP well past $1650/once
Buys in the last two days look GOLDEN now
Good points that all investors should take into consideration. Don't know what others are doing or not doing in the market but it seems this coronavirus has definitely changed how most are trading. I had three buy and hold stocks including NAK , now have six, plus am timing and flipping others to make money to add to my long term holds including NAK. Been through major market drops before , so I can whether through this one. The market and NAK WILL Recover
GLTA
Be it a good flip or not am OUT at 4.80 from a 3.60 buy on 2k shares
Start of a nice rebound today , maybe ??? Can only hold watch and see
Agree , sometime later this year IMO
See OXY as a good investment long term BUT current market conditions with the OIL PPB still dropping tells me to just trade flip it for now. See it again going back under $10/share and a good chance below $7 but will have its bounce up spots too. GLTA
You may have a very valid point. HOLDING as GOLD is rising again. Should JNUG pop back above $35 short term you will have proved to be dead RIGHT in your view. Hope so
ONLY Watching "F" for a possible long term hold currently. Could still drop more from here short term IMO
Can't believe I got more than a double on this in 4 days with GOLD still edging down
Best wait and see what next week brings. This OIL price war has not really even gotten started yet. More players than just the Russians and Saudis
Trading below 3.60 now. WOW
LOL , NO !!! NAK at least has a Future as it has Value in needed metals for the Future
Screw it , LOL , out at an average of $12.65
Will watch and wait ti see what next week brings
Don't own any yet but will say the lower it gets the more interested I become
JNUG looking real interesting now should GOLD return to it's previous UPWARD momentum
Hoping to see a rebound above $15 soon
NO , highly Disagree. NAK is doing just fine under the current market situation.
Many good stocks have been hammered % wise far worse than NAK. PPS UP or DOWN , Progress is still being made toward it's permitting stage in 2020 and that is all that matters here.
Agree OXY is a well established GOOD company.
The dividend cut was to be expected with the oil price war but was not known until now. With that out of the way OXY should rise back up some as it is doing now. Farther declines with be IF the PPB drops to to $20 by the Saudi's
Got in early yesterday at $9.70 so am closely watching now
They will do an R/S as they are an index stock. How much of one , can't say yet. Oil price needs to stabilize first
May go lower tomorrow. I just watched off and on during the day. TOO CRAZY to play right now IMO
Depends on how much of an Oil Price War game the Saudis are willing to play
HOW LOW and for HOW LONG
PUTIN TARGETS U.S. FRACKING WITH OIL PRICE WAR, IN NEW THREAT TO TRUMP'S ELECTION-YEAR ECONOMY
https://www.newsweek.com/putin-targets-us-fracking-oil-price-war-new-threat-trumps-election-year-economy-1491126
May be best to sit tomorrow out too
That would be a good guess/expectation if this coronus virus outbreak count continues to rise over the weekend
LOL so keep an eye on the news
Here are Friday’s worst stock-market performers as oil takes the market down
https://www.marketwatch.com/story/here-are-fridays-worst-stock-market-performers-as-oil-takes-the-market-down-2020-03-06
Have decided to just sit it out today on this one. GUSH may be on the low right now but in that OPEC and Russia have not come through with an oil production cut agreement today , think we will see more of a drop for GUSH end of day
Yes , GUSH did have a recent R/S of 10 for 1
Still just watching currently.