Mallard Posted April 20, 2020 Report Share Posted April 20, 2020 A friend of mine said many of the ETFs quietly moved to futures for 4 months out instead of this month/next month, so it may lag. Sent from my SM-G973U using Tapatalk Quote Link to comment Share on other sites More sharing options...
Gergwheel1647545492 Posted April 22, 2020 Report Share Posted April 22, 2020 USO is doing a reverse split of shares. 1 for 8 is the split. Whats everyones opinions on this? http://www.marketwatch.com/story/down-33-this-week-biggest-oil-etf-uso-engineers-an-8-for-1-reverse-split-2020-04-22 Quote Link to comment Share on other sites More sharing options...
iwashmycar Posted April 23, 2020 Report Share Posted April 23, 2020 I regret buying some lol. I know I will also regret the K1 come tax time (despite the split) Im just going to hold it as I dont even have that much. Should have went all NRGU.... What I am learning is its best to bite the bullet and load up on blue chips if you can. I spent some on a few Microsoft and I think I will be pretty happy. Been watching CAT fall too. May be a nice pickup. Quote Link to comment Share on other sites More sharing options...
Brandon Posted April 23, 2020 Report Share Posted April 23, 2020 USO is doing a reverse split of shares. 1 for 8 is the split. Whats everyones opinions on this? http://www.marketwatch.com/story/down-33-this-week-biggest-oil-etf-uso-engineers-an-8-for-1-reverse-split-2020-04-22 The way those rolls weigh on NAV, they are literally trying to float the share price up to keep it listed to survive, because as it stands if they dont they know the pps will dip below 1 and thus render them in danger of delisting. People are also silly thinking buying USO as "cheap" oil is a good bet, they do not understand how that etf works... They have 150k contracts or so to dump in june they paid 25 bucks for or so, and you can see the june rolls around 15 now or what ever, but it will dive again with storage at its limit, and those contracts will be worthless again. Big haircuts. They are doing some serious shennigans to uncouple the fund from its NAV. The SEC blocked share creation as well I believe I read yesterday, which is interesting. The fund also is buying out into july and august now to help, vs its traditional short contract structure. It is very fishy. There is a lot of pressure on that fund right now, I had some put options that did well, and a few more. Fair chance it goes to zero poof if those june prices flatten baring government intervention however, which at this time is likely. About 175k call options bought yesterday however, so some are bullish clearly, but in the short term I would not place money in this equity, if you do use options to limit your exposure. Quote Link to comment Share on other sites More sharing options...
Radio Flyer1647545514 Posted April 29, 2020 Report Share Posted April 29, 2020 So on USO did the split have something to do with the price jumping up to 18 dollars per share? I just saw that today. Quote Link to comment Share on other sites More sharing options...
Tractor Posted April 29, 2020 Report Share Posted April 29, 2020 Yes reverse splits raise the share price by lowering the number of shares total. Quote Link to comment Share on other sites More sharing options...
iwashmycar Posted April 30, 2020 Report Share Posted April 30, 2020 It was an 8:1 so thats like 2.25 per if you bought before hand. At least a lot of others in the green! Should have went in more on NRGU... Quote Link to comment Share on other sites More sharing options...
Radio Flyer1647545514 Posted April 30, 2020 Report Share Posted April 30, 2020 I stayed out of oil except for an XOM buy which felt like a safe bet. I've been in and out of Wayfair for a month and it's been doing well. I don't know how many more %10 + day gains it has left in it at this point. Got in on DAL today. I haven't been holding anything for long, been playing it day by day. I do wish I'd have hung on to the TSLA shares I bought in the high 3s. Kinda kicking myself for that one right now. Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted May 30, 2020 Report Share Posted May 30, 2020 Anyone buying DraftKing-DKNG? There’s no business but the stock already doubled. Coworker told me about it when it was $25, not sure if it’s still good Quote Link to comment Share on other sites More sharing options...
dover Posted May 31, 2020 Author Report Share Posted May 31, 2020 I'm up 48.7% currently Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted May 31, 2020 Report Share Posted May 31, 2020 We should stock up on Ford, reason being a lot of police vehicles are being destroyed. This is from my coworker Quote Link to comment Share on other sites More sharing options...
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