GUSH - 2020-03-17 - Final exit
Mar. 17th, 2020 12:20 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
dennisgorelikThe remaining piece of my sanity suggested to me, that I have to sell the rest of GUSH at market price -- and just cut losses.
I do not work with that 3x instrument correctly and do not have right temperament to do that.
So I sold the rest of GUSH at ~$0.56/share
I could have sold at better price, and possibly, GUSH may still grow 3x from the current price in the next few days.
But that does NOT matter.
I should not use 3x instrument as an investment.
Instead of GUSH - I bought United Airlines at $32/share.
That is my long-term bet that Coronavirus concerns are seriously overblown and people will start flying again after the panic will subside.
How long will it take people to calm down - I do not know. May be several weeks, may be several months. But with long term stock investment - that does NOT matter.
BTW, GUSH went down today in spite of S&P 500 going up.
That is, probably, the compensation for GUSH going up yesterday when S&P 500 went up.
I do not work with that 3x instrument correctly and do not have right temperament to do that.
So I sold the rest of GUSH at ~$0.56/share
I could have sold at better price, and possibly, GUSH may still grow 3x from the current price in the next few days.
But that does NOT matter.
I should not use 3x instrument as an investment.
Instead of GUSH - I bought United Airlines at $32/share.
That is my long-term bet that Coronavirus concerns are seriously overblown and people will start flying again after the panic will subside.
How long will it take people to calm down - I do not know. May be several weeks, may be several months. But with long term stock investment - that does NOT matter.
BTW, GUSH went down today in spite of S&P 500 going up.
That is, probably, the compensation for GUSH going up yesterday when S&P 500 went up.
