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Started By
Message
Anyone familar with GUSH
Posted on 4/29/20 at 5:10 pm
Posted on 4/29/20 at 5:10 pm
This thing was $4,000 a year ago....$80,000 5 years ago....took a nose dive since it's inception. (Currently $40 and that is on an upswing) There have been some reverse splits but still doesn't make sense. Not that I am interested, but since most of you guys are smarter than me......any explaination for something as strange as this. Seems like something specific to this particular stock....
6
Posted on 4/29/20 at 5:19 pm to Barrister
Idk shite about it but I bought 10 shares at 34 
Posted on 4/29/20 at 5:28 pm to Barrister
Never heard of GUSH and USO before this week, woulda coulda shoulda I guess 
Posted on 4/29/20 at 5:35 pm to Barrister
It looks like it’s a 3X leveraged fund that tracks a bunch of O&G companies. Given the high expense ratios and the impact of volatility drag and exponential decay, it really doesn’t seem surprising it would have lost that much value over the last 5 years.
Posted on 4/29/20 at 5:52 pm to Barrister
Bought 100 shares today when it was around 36/share. Looking like a good buy so far
Posted on 4/29/20 at 6:25 pm to buckeye_vol
quote:
It looks like it’s a 3X leveraged fund
2X
Posted on 4/29/20 at 6:34 pm to ColoradoAg03
quote:Looks like it was 3X until the end of last March:
2X
quote:
Effective after market close on March 31, 2020, the Direxion Daily S&P Oil & Gas Exp. & Prod. Bull and Bear 3X Shares changed its investment objective and daily leverage from 300/-300% to 200/-200%.
Posted on 4/29/20 at 8:12 pm to Barrister
Your mom hadn't heard of it until she met me, now she's bout dat GUSH life 
But yeah, stay away from GUSH and USO unless you like losing money. There are professional energy traders getting their buttholes stretched, us amateurs have no business playing ball.
But yeah, stay away from GUSH and USO unless you like losing money. There are professional energy traders getting their buttholes stretched, us amateurs have no business playing ball.
Posted on 4/29/20 at 8:33 pm to Barrister
quote:this is due to a reverse stock split. these leveraged ETF's, hang on for dear life, do not hold long term, they reset/re-balance every night. If you think oil companies will "pop" in a short time (week, month), go ahead and speculate. but, $GUSH isn't a "buy and forget about it".
This thing was $4,000 a year ago....$80,000 5 years ago
Posted on 4/29/20 at 11:07 pm to crazycubes
quote:
go ahead and speculate. but, $GUSH isn't a "buy and forget about it".
Sounds like it's a buy and keep bumping the GTC stop limit up as the price goes up, if your brokerage does GTC.
This post was edited on 4/29/20 at 11:08 pm
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