Graphic: Manwich
It’s been a bit since we talked about the stocks we have been investing in.
Earlier this year, I learned about GUSH from another Oppo and I did quite well with it. GUSH inspired me to look at other leveraged funds like UCO, WANT, TPOR and others... and I had money in all until the stock market bounced back to more or less pre-covid levels. I felt the market had recovered to much too quickly.
This inspired be to make money betting things would go down by getting into DRIP and SCO.
Sold both of those last month.
I also bought into Ford (I like what I see with the Mach E, Brono, F150 and what they’re doing with Lincoln) in the low $6 range and Fairfax Financial (CA:FFH) in the high $300 range recently.
And yesterday... back into GUSH now that it’s back down to $20. GUSH took a beating today as oil and natural gas prices dipped. And the prediction of a mild winter is also baked into the price.
Back into UCO as well as oil dipped to $37. Any price below $40 isn’t really sustainable in the long run. And I don’t think we will have another price crash like we had earlier this year. I don’t think Putin is stupid enough to go against the Saudis again.
And I’m watching Cineplex (CA:CGX). With the resurgence of Covid cases, I’m expecting the shares to drop below $7 and that’s when I’ll scoop up some of those. Cineplex pretty much has a monopoly in Canada for good theaters. I think this company will recover slowly through next year. Though they do have a ton of debt.
Some pictures of Fords for your time that I think will help the bottom line into 2021:
Graphic: Manwich
Graphic: Manwich
Graphic: Manwich
Graphic: Manwich