Yahoo! GUSH is gushing again! I am feeling a lot better about being stuck in it, now. Equity up to $3851 and climbing! GUSH GUSH GUSH! Everybody BUY!!!!! LOL I'm doing the seated Happy Dance right now!
Hot diggity dawg! my $3k is up to $4163! 30% increase today! Maybe it will gap up another $200 or so. Selling at least half in the morning. This can't go on like this for long. Be nice to get this account doubled in the next two or three days, though. APA is looking darn good for an overnight, but I am not going in on margin. If I had cash I would definitely take 100 shares.
I am up to $4253 now, after the end of afterhours trading. The spread is $2 and I am kind of expecting it to gap down, then resume the upward trend through the morning. Depends on the news. Mrs. Monster works for Shell and is not surprised GUSH is up, but is surprised and recommends a reality check about the magnitude of the rally. It still has a long way to go, but I really think this push is going to run temporarily out of steam tomorrow afternoon, again, depending on the news. I will now take a moment to point out that not all of my predictions come true. Some do. Some don't.
Come on, GUSH, gap up for your Daddy! Show me whatcha got! Looking for $46 tomorrow and $50 in September after some up-n-down action. I might take a few scalps on GUSH and DRIP if it is showing a lot of movement. I am thinking by summer of 2023 we will be seeing $60/bbl oil again. That should send GUSH screaming up like a rocket. Or not. I don't know. That's one thing I do know.
CL should be back at the 60 level by then, sure. If Biden gets elected and we have a vaccine at EOY. It's all about the travel demand. Distillates for teh win!
HAH. After a dismal couple of days, Finally made a good call. Bought COCP at 1200, sold at 1300 for a small profit. Bought agin at the next dip and gosh, whaddaya know, I am all out of day trades. That's okay, says I, it might not be done yet. Now this last trade is up 13% and is it consolidating for another push, or a nice gap up? This beats poker any day.
Turning bearish today. Not like a grizzly or a kodiak, more like koala-ish. USO is my only long position and I bought 200 shares SQQQ against every fiber in my being. But that is how the market is going these last three days so there it is.
Meh. Stopped out with a $30 profit. Bullish on oil for Monday, with XOP and USO. Small position in TMF.