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Message
re: BOIL has become predictable
Posted on 4/30/15 at 8:26 pm to slackster
Posted on 4/30/15 at 8:26 pm to slackster
Can you guys help me understand exactly what UGAZ is? I've seen its been as high as 36, but now $2+...how low could it theoretically go? What's the risk in buying at $2? Thanks and remember, I'm still learning!
1
Posted on 4/30/15 at 10:33 pm to Bucktail1
It is a likely candidate for a reverse split, possibly at 1:10, which would bring the price into the 20s.
At some point in the next year or two, it will go back down to 2 from there, and the process will repeat itself.
UGAZ, or any 3x leveraged ETF, may be one of the worst possible investments you will find for a beginner, and this is coming form someone who has owned it off and on in the last few years.
At some point in the next year or two, it will go back down to 2 from there, and the process will repeat itself.
quote:
Thanks and remember, I'm still learning!
UGAZ, or any 3x leveraged ETF, may be one of the worst possible investments you will find for a beginner, and this is coming form someone who has owned it off and on in the last few years.
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