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I would have grabbed some early this morning

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luckydude777   Monday, 03/23/20 08:31:26 PM
Re: Squid06 post# 47
Post # of 60 
I would have grabbed some early this morning had my account been funded with Ally bank. It might be funded tomorrow or the next day.

Is NOW a good time to buy? For a short term trade ONLY in my opinion. NO LONG TERM HOLD! I would like shares at $2.00 or less, and would probably set on them until congress can pass their spending bill. I'm assuming that will send the popular indexes higher for a few days, and crude should get a bounce with it.

I could see UCO jumping up then to over $2.50 a share.

BUT ... I would watch events in oil closely. What Trumper can do with the Saudi boys is going to be CRUCIAL, I believe. If he isn't able to change their mind about mass dumping on the open market, then come April a barrel of oil can head to $12 -15 very quickly, and UCO can push $1.00 a share price.

My advice: Don't SLEEP long if you have profits in oil investment/s. Too many unpredictable things going on right now.


The reason for global warming is because hell is getting hotter.
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