$Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (D...
$Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP.US)$ this will be the last time that I post about this.
if Trump wins you must own this ETF no if ends or buts about it.
drill baby drill will send the price per barrel into the mid-40s and this ETF will be over $20
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36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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Imatt007 : I’ve been trying to get options at .10 and no nibbles yet
10baggerbamm OP Imatt007 : it's really difficult when you're outside of the market to have an order filled you literally need somebody to sell out or close a position and they see your bid and you get hit. you may need to move in between the spread the bid an offer in order to get filled and I know the spreads can be pretty large when you're out of the money on the etf
BIG_TURRET : I thought you said yesterday that GUSH was if Trump won?
10baggerbamm OP BIG_TURRET : no gush is when oil prices go up gush is a harris agenda where they would limit oil production and the price of oil goes up the big oil companies benefit.
drip is when oil prices will fall so if you believe Trump will be effective in lowering oil prices and he only said it a few hundred times drill baby drill when he was in office prices were in the low 40s they got into the 30s it actually went negative too during his administration it was negative 27 $28 a barrel but that's not going to repeat itself obviously.
lowering oil prices benefits this ETF so we're 70 some odd dollars right now a 25 to $30 drop in the price per barrel is what Trump pledged he's going to do and that means this ETF is going One direction. it may be volatile between now and he takes office that's why I'm saying nibble I bought 5,000 shares I'm going to have 50,000 shares. and the reason is I don't know what Iran's going to do with Israel I don't know what's going to happen on the global stage between now and January but you need to look at the bigger picture not just the bumps in the road and right in front of your feet. so it's possible this could go down 50 cents or a dollar I don't know I'm going to buy more because Trump is elected he will be sworn in and then he's going to lower fuel prices he's going to via executive order eliminate all the roadblocks at the Democrats have put in place with Anwar we are not going to be buying from Venezuela and whatever deals have been done by the Biden Harris administration they're going to get ripped up and we're not going to be buying from OPEC we are going to be a net exporter again.
BIG_TURRET : Sorry I misread it.