Matt: A few days ago you mentioned you were in BOIL. I bought in
the other day at $3.14. Today the stock had a reverse split 1 for
20 and is up 5%. Do you read anything negative into the reverse
that would cause you to cash out of the ETF? Usually reverse
splits are perceived to be negative. The chart looks
positive.
yeah those leveraged ETF's like that degrade badly over time
like to do those reverse splits. You won't see that on SDS or UPRO
but things like BOIL and many of the others that degrade you see
that.
these BOIL and UNG suck as trading instruments to be honest with
the K1s and the degradation.
BOIL - Matt: A few days
Posted by RichieD on 23rd of Jun 2023 at 03:41 pm
BOIL -
Matt: A few days ago you mentioned you were in BOIL. I bought in the other day at $3.14. Today the stock had a reverse split 1 for 20 and is up 5%. Do you read anything negative into the reverse that would cause you to cash out of the ETF? Usually reverse splits are perceived to be negative. The chart looks positive.
yeah those leveraged ETF's like
Posted by matt on 23rd of Jun 2023 at 03:44 pm
yeah those leveraged ETF's like that degrade badly over time like to do those reverse splits. You won't see that on SDS or UPRO but things like BOIL and many of the others that degrade you see that.
these BOIL and UNG suck as trading instruments to be honest with the K1s and the degradation.
Decided to take my 14%
Posted by RichieD on 23rd of Jun 2023 at 04:02 pm
Decided to take my 14% gain rather than hold through the weekend.