Anybody else trading these? Any others on your watchlist for next week? There's so many to choose from, it would be great to see what's on your mind... Oil: APA HAL UCO Gold: NUGT Casino: MGM PENN CZR
I got only XOM on oil, Corona Virus stocks INO, VXRT, MRNA. We will see what happens. Oil is due for a rally probably, they might be close to a deal. Saudi Arabia got a big punch in the face from Russia. They forget that Russia supplies natural gas to Europe and can weather a protracted oil war. Saudi Arabia burning thru its cash reserves in the meantime. They still have to buy food and US weapons on top of that. Waging a war in Yemen and elsewhere is expensive.
For intra-day trades next week... I know what I'm playing. Last week it was TDOC, this week.... Zoooooom. $ZM. Gonna be lots of action on that one at this level. Gotta be quick and nimble though, it'll be dangerous.
Holding USO expecting a moderate recovery. Long CVX no plan to get rid of it yet as I think entry @ 54 was a deep discount. Long NVDA waiting for a small pop Monday. Got out of MGM at 30%
https://www.cnbc.com/2020/04/12/ope...-production-cut-after-days-of-discussion.html Just announced huge oil cuts. Guess we can't even get low oil prices yet alone low equity prices with intervention literally everywhere....
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