Direxion Daily S&P Oil & Gas Exploration & Production Bull 2X (GUSH)

[Sgreg]

No. I only worry about reverse splits if its a sorry company desperate for cash and doing toxic death spiral financing which concludes in massive dilution. With these ETFs that isn't the case. These ETFs only R/S when needed to stay listed. Actually usually when these R/S over the years I have noticed they turn and run up usually because by the time the split comes the ETF downward trend has exhausted. The % move up or down remains the same regardless of any split. The movement of the XOP is what moves this. Nothing else. There is decay in these but it isn't a huge deal if just swing trading for a few weeks. The XOP is priced as if oil is $35-$38. Historically speaking that is. XOP also has a huge gap down to fill at just under $29. Also it has been over $30 for 99% of its existence so a return to $30 is inevitable which will get GUSH back to $10ish. Nothing to fear here at all. This is the best buy I can currently find in the market.