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Hey /biz/, beginner here.
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You are currently reading a thread in /biz/ - Business & Finance

Thread replies: 17
Thread images: 2
Hey /biz/, beginner here.

Can someone explain me this picture? What the hell caused this drop? Do you think this stock is fit for buy-hold?
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Your mom's fat ass did
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Common sense made it drop, and common sense will keep it down.
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>>1070404

>going long on leveraged ETFs

Jesus tittyfucking Christ...
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>>1070404
Firstly not a stock (this is an ETF).. look it up.

Secondly leveraged so higher risk.

Thirdly, if you're taking positions in this, you should probably have a background in Economics at a minimum. This is a somewhat macro play.

You're better off learning how to analyse individual stocks (balance sheets, cash flow statements, press releases etc.) and then constructing a diversified portfolio.
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>>1070404
How fucking stupid do you have to be to ask that shit
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>>1070404
It's a leveraged ETF derived from the price of Crude Oil, which has collapsed due to over-supply thanks to Saudi&Iran.

Econ 101. Too much supply + not enough demand = Price drop.

The Saudis are trying to kill competition by making it unprofitable for everyone else to produce their own oil instead of buying theirs.
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>>1070404
im in uwti right now
you also should look at DWTI...
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yeah OP this thing is way mispriced, put all your money in it and hold it forever before the rest of the world gets a hold of your great idea.
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File: UPRO.png (21 KB, 399x653) Image search: [iqdb] [SauceNao] [Google]
UPRO.png
21 KB, 399x653
>>1070415
>implying you cant make mad money going long on leveraged ETFs
>implying if you bought 10k shares of UPRO in '09 that it wouldnt be worth ~90k right now

nothing wrong with going long on bullish leveraged ETFs that are in a somewhat safe field. reason i say somewhat safe is because all investments are a risk.
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>>1070703
this

in my opinion this is going to be unsustainable, basically dependent on how much oil the Saudi's have left
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>>1070404
Enjoy your high variance gambles.
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>>1070404
Look up "decay in leveraged ETFs" OP. It is not designed to be held overnight
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>>1072064

You're a complete tard.
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>>1072064
I wouldn't call Oil somewhat safe ever, less so this half-decade. But the real problem is this isn't a fund for newbs to play with.
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>>1072087
you guys have no idea what youre talking about, the amount of shale oil the US can produce and dump on the markets is mind boggling
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>>1072064
If by somewhat safe you mean absolutely no volatility and nothing but a strong, constant upward march, then sure.

If that's not what you meant, stop giving advice and pretending you know what you're talking about.
Thread replies: 17
Thread images: 2
Thread DB ID: 484764



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