Dennis Gorelik (![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
dennisgorelik) wrote2020-03-09 04:38 pm
dennisgorelik) wrote2020-03-09 04:38 pm
Entry tags:
Craze on the stock markets
GUSH is 3x bull ETF for Oil&Gas.
2019-04-22 GUSH price reached $134/share.
That was 10 months ago.
Today I bought 7,660 GUSH for $1.30/share
An hour later, GUSH fell further down, and I bought 19,576 GUSH for $1.08/share.
Then GUSH fell again down to $0.95/share but I did not have free cash to buy more.
If I will be able to buy GUSH tomorrow and such a low price -- I would buy GUSH again.
What do you think: will GUSH 1 week from now cost more or less than today?
2019-04-22 GUSH price reached $134/share.
That was 10 months ago.
Today I bought 7,660 GUSH for $1.30/share
An hour later, GUSH fell further down, and I bought 19,576 GUSH for $1.08/share.
Then GUSH fell again down to $0.95/share but I did not have free cash to buy more.
If I will be able to buy GUSH tomorrow and such a low price -- I would buy GUSH again.
What do you think: will GUSH 1 week from now cost more or less than today?
no subject
no subject
It looks like panic is, mostly, over (like it should be after such a sharp decline).
Of course we should not be sure about the bottom of the market.
But my thinking is this: interest rates are close to zero. There are no good alternatives to invest money but stocks. Investors will calm down and start buying stocks again. Soon.