Hey /biz/, beginner here.
Can someone explain me this picture? What the hell caused this drop? Do you think this stock is fit for buy-hold?
Your mom's fat ass did
Common sense made it drop, and common sense will keep it down.
>>1070404
>going long on leveraged ETFs
Jesus tittyfucking Christ...
>>1070404
Firstly not a stock (this is an ETF).. look it up.
Secondly leveraged so higher risk.
Thirdly, if you're taking positions in this, you should probably have a background in Economics at a minimum. This is a somewhat macro play.
You're better off learning how to analyse individual stocks (balance sheets, cash flow statements, press releases etc.) and then constructing a diversified portfolio.
>>1070404
How fucking stupid do you have to be to ask that shit
>>1070404
It's a leveraged ETF derived from the price of Crude Oil, which has collapsed due to over-supply thanks to Saudi&Iran.
Econ 101. Too much supply + not enough demand = Price drop.
The Saudis are trying to kill competition by making it unprofitable for everyone else to produce their own oil instead of buying theirs.
>>1070404
im in uwti right now
you also should look at DWTI...
yeah OP this thing is way mispriced, put all your money in it and hold it forever before the rest of the world gets a hold of your great idea.
>>1070415
>implying you cant make mad money going long on leveraged ETFs
>implying if you bought 10k shares of UPRO in '09 that it wouldnt be worth ~90k right now
nothing wrong with going long on bullish leveraged ETFs that are in a somewhat safe field. reason i say somewhat safe is because all investments are a risk.
>>1070703
this
in my opinion this is going to be unsustainable, basically dependent on how much oil the Saudi's have left
>>1070404
Enjoy your high variance gambles.
>>1070404
Look up "decay in leveraged ETFs" OP. It is not designed to be held overnight
>>1072064
You're a complete tard.
>>1072064
I wouldn't call Oil somewhat safe ever, less so this half-decade. But the real problem is this isn't a fund for newbs to play with.
>>1072087
you guys have no idea what youre talking about, the amount of shale oil the US can produce and dump on the markets is mind boggling
>>1072064
If by somewhat safe you mean absolutely no volatility and nothing but a strong, constant upward march, then sure.
If that's not what you meant, stop giving advice and pretending you know what you're talking about.
