Replies to post #51 on ProShares UltraPro 3x Crude Oil ETF (OILU)

[JohnCM]

Re: ProShares UltraPro 3x Crude Oil ETF (OILU)

Looks like they acted too soon in closing the fund. We could have done well last week.

True that BUT they did not want it to go to ZERO.

I have a new plan. I was going to buy NRGU at $2.00 $1.75 and $1.50 ( approximately down to $10 - $15 crude ), but our pres started talking and CRUDE ran up to $29ish. Plan foiled! I sold NRGU for a small profit.

I am now going to buy an inverse ETF ETN and ride it down to CRUDE $15.00ish. Then flip back to NRGO for the eventual ride back to $30 CRUDE.

Timeline: Sometime in June 2020.

JohnCM