GUSH has so much latent potential in a healthy economy and is a top ETF in any energy investor's choices. To call a previous annual high back to reality would bring a rapid gain to all positioned in this ETF which is managed by Paul Brigandi. He basically put a package (assembled) today that *nearly* matched one of the emerging stocks in the oilfield arena: LBRT. Liberty gained 6+% while GUSH was +5.8% on the respective entrance points. Liberty provides a certain steady gain in cyclical fashion while the leveraged ETF hedge fund is basically a double BULL horn to the status of a world torn between two exclusive outcomes: COVID hotspots while a vaccine looms in the very near future. USOIL has had its uncertainty and was fighting 40/bar. resistance for the last several months, But that, too, appears to be coming to its end, and the possibility that crude climbs 45 per barrel before the "holiday season" is still fully within the play.
Good luck whatsoever your plans, but I have shortened my interests to two positions, both mentioned here- LBRT and GUSH.
There is an off-chance of re-entering a position on Halliburton but a 14.2 entrance point isn't exactly enticing - just feeling the pulse of HAL. As it is.
VIVA GUSH. Liberty may match it growth wise for a while, but GUSH is a leveraged fund that will payout nicely in a bull run for oil..t. Two positions I AM VERY LONG ON, but one chart here, just GUSH. It's the attractive ETF that is about to re-peak, return, to high levels already realized within the last six-months.
Adios.
BDR.
Note: See related idea from the day this position was first entered.
Comment
GUSH is comfortably 30+; expecting another big pre-market gain before tomorrow's session opens. OIL might have other plans; we watch.
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