Recently I’ve had some money in UCO and GUSH.
Sold my GUSH a little early and missed the recent spike to the $60 range. But I still made a decent return, so I’m not complaining... nobody’s perfect and I’m certainly not. But I’m still holding UCO.
With the spike in GUSH, it got me interested in DRIP. As some of you may already know, where GUSH is a bet that oil/gas companies will go up, DRIP is a bet that oil/gas will go down. I think GUSH has peaked, which means DRIP is bottomed.
So today, I check to see how things are going.
I’m ahead on DRIP:
But interestingly, UCO (a bet that oil is also going up) is ALSO up today
So I’m making money on both ends being long AND short at the same time on energy.
This feels like the stock picker equivalent of a solar eclipse.