One of my favorite metrics. Do opposite when everyone seems to agree on direction.
Read the prospectus. These are not long term trading vehicles but designed for short term bets. Decay is part of the process. Understand what the price of the ETF is based on. The RS is meaningless for the movement of the ETF price
Just changes price and number of shares. Totals are same. Makes no difference in price movement. This is a 3x ETF not a stock for an individual company.
One of my metrics is when everyone turns bullish. That now seems to be the case with gold. Even GS has turned bullish. Could mean about to crash.
Great report. Actually decent volume today. AH is a dud as expected. Hope for tomorrow. No idea when it will happen but at some point there will be another volume day where basically the entire float turns over.
I would say that the most likely result of earnings regardless of how good or bad they are is no significant impact on pps. IMO earnings will likely be good and possibly very good. So there is a greater chance of upside then downside and the greatest chance of nothing happening at all. Relatively low risk bet with possible upside to $2 and strong support around $1.40 to $1.50.
Unfortunately we've all seen many great earnings reports here with no impact on pps and in some cases even decreasing pps with a great report.
Crazy world out there. Was frustrating when PME's reports were so good and the prospects through the roof but now that PME is being murdered by the moratorium it's good for them that no one is watching. Terrible report and no impact on pps. If they ever get to fully deploy their fleet again this could and should sky rocket but the longer that they don't the worse the impact will be.
Hope you're right. It's well known that they likely won't raise rates in June but the next quarter is looking iffy also. Do you see a strengthening dollar?
I don't believe any of these events are designed to take common and preferred shares lower. The market cap is down to around $34 million.
Wondering if he got some cheap UGAZ or UCO for this mini rally. I hold no position in either or in OI but am watching all. It may be pie in the sky but I'm waiting for natural gas and oil to break the support levels that they just bounced off before buying any. My other metric also hasn't happened yet... more small US oil companies (especially fracking) need to go BK before oil turns around.
I'm also waiting on OI. Want to see it dip to below $0.20 before possibly buying. Might not get there and I might miss the run but that's ok.
The time to worry will be if they miss a debt payment. For whatever reason they give if they miss a debt payment there is a high likelihood they are heading for BK.