The day you posted this it was at $2.70 and over the next 4 days it fell to $1.90. So your stock pick of the day is great, you just fail to inform us what day.
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Em's Stock Pick of the Day: UWTI (1 Viewer)
- Thread starter Eminence
- Start date
Shoulda gone 3x brohan, you knew this stuff was gonna skyrocket back up. Just gotta grit your teeth through the 3x loss. I don't have any money invested, I'm investing in my future (tuition).EXXI still has a high upside as far as oil stocks go, imo.
$3.77
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fantasycurse42
Footballguy Jr.
Here is what you don't understand while playing with monopoly money.... I pull $50k that I have from somewhere and invest it into some extremely risky position like oil 3x fund. I buy it at $2.50, 20,000 shares. 3 days later it is $1.70.
My $50k is now only $34k in the matter of a few days. While playing with monopoly money, it may be tough to comprehend a $16k loss in 3 days which equals about 32%.
Also, you need to realize how these leveraged funds work, they don't rise and fall exactly 3x, they fall harder and rise less.
Peyton Marino
Footballguy
get that math #### out of here. pick me some winners baby!@!
fantasycurse42
Footballguy Jr.
That makes a lot of sense. He has real money, so he should just throw it up for grabs. Hail Mary's are for losers who are desperate.
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Peyton Marino
Footballguy
posts like this show just how incredibly stupid you are.
fantasycurse42
Footballguy Jr.
Currently at $1.18, however this doesn't tell the real story here.
You see, they had a reverse 10x1 split, so if we are apples to apples here, this is about 12 cents, or 96% lower than the recommended buy price.
culdeus
Footballguy
There were many good times to make money from the time I posted that until now. A simple glance at a graph will tell you that.
I do have a funny story for you guys. A few months after I made this post, I won $1000 gambling. I put $500 into my stock portfolio. I brought it up to $565 on natural gas stock. I then put it into UWTI and initially made some money. I was up like $70 at most. $630. I didn't pull out and x months later it was worth $65 and I pulled it out.
Damn you 3x oil fund, you bastards.
I do have a funny story for you guys. A few months after I made this post, I won $1000 gambling. I put $500 into my stock portfolio. I brought it up to $565 on natural gas stock. I then put it into UWTI and initially made some money. I was up like $70 at most. $630. I didn't pull out and x months later it was worth $65 and I pulled it out.
Damn you 3x oil fund, you bastards.
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fantasycurse42
Footballguy Jr.
This can be said about anything, literally anything.
A $50k investment in this would be worth about $2k today, just own it.
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Why own it? Because I didn't post in this thread THIS WOULD BE A GOOD TIME TO SELL? Idgaf man, I start threads and walk away.
fantasycurse42
Footballguy Jr.
You're right dude, good call on this one, my bad.
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fantasycurse42
Footballguy Jr.
NREC34
Footballguy
fantasycurse42
Footballguy Jr.
fantasycurse42
Footballguy Jr.
I thought the OP was March 12, 2016. I was thinking, "EM didn't do too badly here."
UWTI had a reverse split of 10-1... He'd actually be slightly ahead at this point (had he held through the 95% loss). At the low, this thing was down to like 30 cents before the reverse split.
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Card Trader
Footballguy
Em has the un-Midas touch.
