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Started By
Message
Buy DRIP - Here’s Why
Posted on 2/28/23 at 8:55 am
Posted on 2/28/23 at 8:55 am
DRIP shorts oil exploration companies.
Inverse of XOP that is under all moving averages and has had huge negative divergence on both RSI and volume for months indicating institutional distribution to the masses.
There is a huge head and shoulders topping pattern on crude stretching one year now, also indicating institutional distribution.
We know the ESG / Climate Change cartel wants to try and phase out crude oil exploration.
DRIP or any other ETFs shorting crude oil exploration companies are a win / win in this timeframe we are in.
Inverse of XOP that is under all moving averages and has had huge negative divergence on both RSI and volume for months indicating institutional distribution to the masses.
There is a huge head and shoulders topping pattern on crude stretching one year now, also indicating institutional distribution.
We know the ESG / Climate Change cartel wants to try and phase out crude oil exploration.
DRIP or any other ETFs shorting crude oil exploration companies are a win / win in this timeframe we are in.
8
Posted on 2/28/23 at 8:58 am to Hussss
Oil isn’t going anywhere for a long time.
Posted on 2/28/23 at 9:04 am to Hussss
quote:
We know the ESG / Climate Change cartel wants to try and phase out crude oil exploration.
Less exploration would drive the price of oil higher, not lower
quote:
DRIP or any other ETFs shorting crude oil exploration companies are a win / win in this timeframe we are in.
What timeframe? These inverse leveraged ETFs are designed to go to 0
Posted on 2/28/23 at 9:07 am to RidiculousHype
quote:
Less exploration would drive the price of oil higher, not lower
Higher rates = Higher cost of capital = Lower Production = Lower Stock Prices
You can hold Leveraged ETFs for swing trades as long as you get direction right.
Through March 17 quarterly Op Ex is my timeframe.
Good luck in however you trade
This post was edited on 2/28/23 at 10:26 am
Posted on 2/28/23 at 9:44 am to Hussss
quote:
Through March 17 quarterly Op Ex is my timeframe.
No problem with a 2-3 week hold
Posted on 2/28/23 at 10:35 am to Hussss
quote:
Buy DRIP
This is the 1st thing I thought of
Posted on 2/28/23 at 12:02 pm to Hussss
I thought this was going to be a Dividend Reinvestment Plan thread.
Posted on 2/28/23 at 12:11 pm to GhostOfFreedom
quote:
I thought this was going to be a Dividend Reinvestment Plan thread.
Dumbass OP would never suggest something like this.
Posted on 2/28/23 at 2:02 pm to Hussss
Wasnt your last recommendation SND a couple weeks ago? Kind of in the oil n gas exploration space?
Posted on 3/7/23 at 1:16 pm to Hussss
The last 2 days are only the start of this monster run
Posted on 3/7/23 at 2:00 pm to Hussss
For the life of me I can't understand why so many people feel the need to call for this or that. Nobody knows anything. Just follow the price action and you'll be much better off.
Posted on 3/7/23 at 2:47 pm to RidiculousHype
“Just follow the price action and you'll be much better off.” - Ridiculous Hype
You do you. Momentum trading won’t work in this type of chop fest market.
I play for the turns. I’ve always been a contrarian.
Best of luck.
You do you. Momentum trading won’t work in this type of chop fest market.
I play for the turns. I’ve always been a contrarian.
Best of luck.
Posted on 3/7/23 at 4:05 pm to Hussss
quote:
I play for the turns. I’ve always been a contrarian.
And that's fine. But there is absolutely no need to guess where the bottom is. If you want to play a mean reversion bounce, let it start to prove itself and then you will have a set risk/reward.
quote:
Best of luck.
Same
Posted on 3/7/23 at 5:55 pm to Hussss
So should I buy
Posted on 3/7/23 at 7:07 pm to Hussss
Posted on 3/15/23 at 11:59 am to Hussss
quote:
The last 2 days are only the start of this monster run
Look at DRIP today!
Posted on 3/15/23 at 12:28 pm to Sal Minio
quote:
DRIP - Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares
NYSEArca - Nasdaq Real Time Price. Currency in USD
18.43
+2.31 (+14.36%)
As of 01:27PM EDT. Market open.
Posted on 3/15/23 at 12:55 pm to saint tiger225
The oil rout is not based on fundamentals but speculation. If rate hikes are paused or cut along with China slowly opening back up I think we will see a quick reversal.
This post was edited on 3/15/23 at 5:50 pm
Posted on 3/15/23 at 6:57 pm to Hussss
Great call Hussss. Almost pulled the trigger, wish i had
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