Ziggy, me too... did just that over the summer with several oil tickers, flipping and sometimes daytrading for mere pennies. Oasis, RIG, Helix, Centennial .... decent enough gains too. But there was a LOT of risk there in not getting caught in one of the downdrafts like what happened to Oasis (Ch. 11) and Valaris for example. VAL went up a lot during the June spike, but then crashed and burned.
Unfortunately, many folks got caught in the wrong stock at the wrong time and lost a lot too. So it wasn't just timing but a bit of luck too I believe. Some guy on Stocktwits claims he lost $6 Mil on one stock alone -- HPR, High Point Resources. Hard to believe?! He sold his construction company several years ago and took up "investing" as full-time hobby in retirement, and he's not even 50!
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