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Nice job tothe, congrats to you. Enjoy your profits. I will certainly enjoy mine.
HOD 77, nice call
I tried to tell you how these work and how to make $$$$. That there are things hidden in plain sight. O well, good luck.
Looks like we were right a couple weeks ago.
Took my profit. 3 for 3 in EVIO. 3rd double here in a month.
Really good day here today.
Have cashed in on 2 doubles now this month on EVIO. I believe this baby still has a huge run in it so I will look to re-enter.
Would like to see it close at 18
It is looking ok right now so yes let's see what happens but I think it has a better then decent chance.
Starting to do its thing. Looking better.
Yea chart is starting to have that look to it.
Look I know this stuff in depth. I don't care if you do or not. The whole penny stock dilution scam is a simplistic narrative. There is a whole lot more that goes on. People like you try to look at fundamentals of a penny stock. That is what is wrong, fundamentals of a penny stock is laughable. These are not really stocks. These are more like instruments. There is a much more complicated process that happens. Stuff you probably don't even imagine. I am not going to explain again what I have so many times in the past. It takes a lot of effort and why should I bother. It is in my posting history specifically in 2016. I have the knowledge. You obviously don't really understand how this works in depth. Yes you have that simplistic view that is obvious but there is so much more hidden in plain sight.
I am not going to explain the whole penny stock toxic note process here. I don't have time nor care enough to. I have educated people in the past though and you are more then welcome to review my posting history. I explain things in detail many times. Look at posts from 2016-2018 is where I explained things a lot.
What is this thing's share structure. I am guessing maybe 300 million or so currently? If so that is nothing for a .0016 stock. It has potential to go back to a penny. Been trading penny stocks a long time and it wouldn't be anything unusual.
I went ahead and re-entered today at 17. As evidenced on Monday this thing can spring when the note holders are not dumping too much. I made close to a double last time.
I said I liked that the chart was terrible.
I guess my timing yesterday was good.
Looks interesting. The chart is awful but that could be potential. I bought ACB and CBDS 3 days ago. I am looking for 1 or 2 more weed stocks.
This thing has a terrible chart. I like that!! Means it has potential. I'm interested. Guess I will go read their last quarterly statement, see what I might be dealing with here.
Got in yesterday at 36 cents. This thing is screaming for a run. Let's go baby.
UGA is also a good one. Bought a ton at 11 weeks ago. Its the largest position I have in my portfolio. It will be 24 again before eoy. Miniscule decay also. Can actually be held on to for awhile without getting eaten up. It isn't as cheap as it was but it is still a very good price IMO. My 3 energy plays are UGA CPE and GUSH.
Looks like its going to be a good morning.
Well the news is out for the most part. I think XOP has hit a temporary top and DRIP is the short term play. However I will hop back into GUSH soon. I am very bullish on the oil sector. There is going to be high inflation I believe with 0 rates, stimulus, FED QE etc. Looks like 2010 repeat so Oil, Gold, Silver I like a lot. Good Luck everyone and I look to be back in sometime soon.
Your conviction did you well. That was actually a wise move IMO. XOP was so insanely cheap.
Yes it was a great day. Been a great week. Figures they castrated GUSH just before XOP goes on a big run. Not to mention they liquidated GASL just before it would have had a big run. UWT as well. Anyway I sold about half today. It might be a sell the news tomorrow with OPEC meeting but I kept half just in case.
Well I want to buy this damn thing but not when its acting like its broken. GASL and GUSH also acting kind of broken. I got in on PRTY before close, I am going to sell it soon. I got a double for my trouble on that sucker. I am currently hunting around for something to buy. I'm thinking about HTZ but its up 27% today so probably not.
I sold my GUSH at 43 cents, made 10 cents/share. Pretty mad though as they somehow didn't have that one fully correlated to the 3 times of XOP. Not nearly as bad as here but still.
Maybe you are right. I hope you are right. DWT now down 50% and UWT up 18% so it is at least getting a little better correlated then earlier. Hopefully it was just a "delay" and UWT catches up fully. If not then Citi is running a big con and they will need to explain. Also tghey can't use the excuse that they "saved" UWT yesterday by not letting it drop by as much as it should have and so it is being made up today. They can't use that because UWT dropped the full amount yesterday that it should have. You made a great buy and should be fully rewarded for it. I got GUSH yesterday at 33 cents but I should be up more then I am. GUSH is up twice as much as XOP but I want my full 3 times.
I doubt it brotha, I hope that will be the case. You should be up over 30%. I hope they fix whatever bs con they are running with this today. OILU is doing at least pretty much what it should be doing. What could be Citi's excuse for this con going on here today? I'm rooting for you and others here. I really hope you get the % gain that you should really have. I mean they really need to explain how DWT can be down 38% and this is only up 8%. These are skimmed off of so I get that there won't be an exact 3 times correlation to oil but DWT and UWT should at least be in the same ballpark % wise to their % up/down. 38% down on one should be shown at least within reason on the inverse side be shown on the other.
DWT now down 30% and this is basically flat. These are always skimmed off of but today is just a flat out con job. I'm not even in this and I'm pissed just seeing it.
If I was in this I'd be mad as hell. Citi is going to need to explain how oil is up so much and this is almost flat. This thing should be up around 30%. The inverse (DWT) is down 25%. OILU basically the same thing as this is way up like this should be. Very funny business going on here. I wish you all great profits and that you get the price that it should be.
Unfortunately, they have GUSH whacked out again. XOP up 3% and GUSH down almost 5% and while DRIP is down over 4%. GUSH and DRIP both at the same time down 4%. Funny business going on. Anyway yes I agree with you and I am looking to re-enter.
Ask and you shall receive. Great day here. Between buying this and GASL yesterday man I'm happy.
At work someone just the other day was talking about something like this. He wanted to buy UWT but was afraid it would do a R/S. I explained would you be worried about the S&P 500 doing one, he said no. I said then if you bought the SPY would you worry, he said no because I knew he understood the correlation of the two. I said well same same. Oil is to UWT as XOP is to GUSH as GDX is to NUGT as SPX is to SPY etc etc.
They do that because they have toxic warrants or toxic notes. The warrant or note holders convert to stock then short the piss out of the stock. As the stock goes down they get more and more shares. They flood the market with shares. After a split the stock falls massively because it isn't the actual split that makes it crash. It is the toxic financing deals (warrants or notes). The stock was falling in that case before the split and will after the split because of the toxic financing. Think cause and effect. The R/S isn't the cause of the death spiral in stock price, it is a consequence. The toxic dilution is the cause. Now with these ETFs they are just leveraged derivatives of something else. In this case the XOP. This just does whatever the XOP does. There is no toxic warrants or notes etc. If the XOP drops hard then yes this drops harder but that is simply just trading action. It isn't for the same reason that happens in pennyland. In pennyland R/S are a consequence of the cause (toxic dilution), here if there is a big drop it is just an effect that the XOP had a bad day, the sector it is had a bad day. If that sector has been having a bad couple of months or whatnot then the 3 times derivative (this thing) is going to need a R/S.
What many don't realize is that with these ETFs many times I have seen them go on a run right around or right after a R/S. Not a guarantee but certainly something that happens frequently enough. As long as there is no toxic death spiral toxic note/warrant dilution happening I could care less about a R/S.
Thank you, to you as well. My buys yesterday are looking good.
A split is no concern here. Fear about a split when a company is engaged in toxic death spiral dilution and horrible toxic note deals or terrible financing deals is completely justified. However this is an ETF and there is no financing deals or death spiral dilution etc. A split here has only one purpose and that is to allow the stock to meet the price requirement to stay on an exchange.
Right but even at that time GUSH was up a smaller % then XOP was which is backwards. XOP finished down yesterday like 35% which should have been greater then 100% for GUSH, but that didn't happen (GUSH didn't go to 0). I think this is the reason for the odd action on GUSH today. The correlation between XOP/GUSH went out of wack before close yesterday.
Weird how today GUSH is down with XOP up 15%. I know XOP finished down more then 33% yesterday so I am guessing GUSH got "broken" so to speak and that is the reason for its odd behaviour today. Maybe after today it will be corrected.