Welcome To aBlackWeb

Register

ABW Stock Exchange: All Things Investing

the quick buck for the day

sfet 1.68- retiring debt ....this i will hold
STAF .86
XELB 1.14
ALDX 5.58 covid update


fingers crossed
 
RMBL reverse stock split and took a +1659% jump

not what it looks like but its a top premarket mover

ended yesterday at .48 today its 8.5

i might play with it
 
ChicagoFigure said:
My whole portfolio in the green right now I love it but I was tryna go shopping lol
Click to expand...
thats whats up...

dont mind me......im in the process of developing a new strategy....im posting up these stocks for a reason.

its not really about what moves and when and pre market shit.

you ever see something but cant quite articulate what you saw.....but you know its there?
 
@AZTG I'm finally in the positive on total return lmao props
Screenshot_20200520-092051.png



Would any of u keep buying shares at this point?

Or is there a price you're waiting for it to drop to before u get more
 
DOS_patos said:
thats whats up...

dont mind me......im in the process of developing a new strategy....im posting up these stocks for a reason.

its not really about what moves and when and pre market shit.

you ever see something but cant quite articulate what you saw.....but you know its there?
Click to expand...
That's where I'm tryna get with this. My portfolio probably would look like shit if not for u all. I'd be trying no doubt but it would take me much longer
 
im trying to learn how to see things like these damn millenials......they killing the game and changing the rules.

gotta develop with the times until shit stabilizes.
 
ChicagoFigure said:
@AZTG I'm finally in the positive on total return lmao props
View attachment 284244



Would any of u keep buying shares at this point?

Or is there a price you're waiting for it to drop to before u get more
Click to expand...

Dope shit fam.

I think oil is gonna go up a ton more so I would keep buying shares. There are plenty of reasons why its gonna go up, but one big reason is that OPEC and Russia decided to cut production since demand was so low. Demand is still low, but its starting to rise. I read the other day that Chinas oil demand is near pre corona levels already. Whats going to happen next is that theres gonna be an oil shortage since demand is going back up but production was slashed.

This is mostly going to happen cause a ton of countries need oil prices to be at a certain number to balance their economies. Oil is the one industry that can get manipulated by countries and no one would care. I have a feeling these countries are gonna keep production low to make back the money they lost the last few months.

This is all a gut feeling though. I could be wrong.

For my position specifically though, my average cost is alot lower than the price now. So maybe in your shoe, wait until the price goes up more and buy when your average price is a bit lower than the current price.
 
ChicagoFigure said:
@AZTG I'm finally in the positive on total return lmao props
View attachment 284244



Would any of u keep buying shares at this point?

Or is there a price you're waiting for it to drop to before u get more
Click to expand...
i think @AZTG is waiting for $100

i think i said i wanted it to get to $22
once it split it was like 22 but dropped to 11

hold this bruh.
by the end of the summer......
you are welcome......
 
AZTG said:
Dope shit fam.

I think oil is gonna go up a ton more so I would keep buying shares. There are plenty of reasons why its gonna go up, but one big reason is that OPEC and Russia decided to cut production since demand was so low. Demand is still low, but its starting to rise. I read the other day that Chinas oil demand is near pre corona levels already. Whats going to happen next is that theres gonna be an oil shortage since demand is going back up but production was slashed.

This is mostly going to happen cause a ton of countries need oil prices to be at a certain number to balance their economies. Oil is the one industry that can get manipulated by countries and no one would care. I have a feeling these countries are gonna keep production low to make back the money they lost the last few months.

This is all a gut feeling though. I could be wrong.

For my position specifically though, my average cost is alot lower than the price now. So maybe in your shoe, wait until the price goes up more and buy when your average price is a bit lower than the current price.
Click to expand...
:hahaha: look at the youngings...

im proud of yall.
 
ChicagoFigure said:
See this part confuses me. What if it drops back to like $18 or something shouldn't I still buy?
Click to expand...
www.investors.com

Investor's Acrophobia: Don't Be Afraid To Average Up In A Good Stock | Stock News & Stock Market Analysis - IBD

Averaging up and averaging down are two terms often heard but not well understood by beginning investors.
www.investors.com www.investors.com

www.investopedia.com

When to Use Averaging Down as an Investment Strategy

Averaging down is a trumpeted strategy that has merit but can amount to throwing money away when used carelessly.
www.investopedia.com www.investopedia.com
 
ChicagoFigure said:
See this part confuses me. What if it drops back to like $18 or something shouldn't I still buy?
Click to expand...

And thats risk. The price today could potentially be the lowest price going forward, so not buying today might mean you never see prices this low.

I guess what you have to do is have a number in mind. Looking at UCO historically, and oil prices, plus the effects that corona has had and the effects you expect to have, how high do you see UCO getting? Figure out your low and high.

Like @DOS_patos said, I see $100 as a real possibility by summer next year. With that said, that means for me, when I see $23 as the price, thats def a buy for me. But that also means, the higher the price gets, the less I would buy, meaning if im expecting $100, and i see $80, theres less incentive to buy.

So to me, $23 is a easy buy decision for me.
 
AZTG said:
And thats risk. The price today could potentially be the lowest price going forward, so not buying today might mean you never see prices this low.

I guess what you have to do is have a number in mind. Looking at UCO historically, and oil prices, plus the effects that corona has had and the effects you expect to have, how high do you see UCO getting? Figure out your low and high.

Like @DOS_patos said, I see $100 as a real possibility by summer next year. With that said, that means for me, when I see $23 as the price, thats def a buy for me. But that also means, the higher the price gets, the less I would buy, meaning if im expecting $100, and i see $80, theres less incentive to buy.

So to me, $23 is a easy buy decision for me.
Click to expand...
So y'all correct me if I'm assessing this wrong

I can just keep buying in now if I think it's only going up here on out

Or if I wait a little for it to rise, thus bringing my average price up, I can get more out of my profits?
 
You must log in or register to reply here.
Back
Top