I think people will start buying gas again when they start going back to work. So I think some of these brutally battered oil companies will recover. Diversify with an ETF, it's good practice. I would also check out WTI.
Hi everyone. I came across research about 'REVERSE SPLIT' and have to ask your opinion on this. I have zoomed out 5 year chart and the reverse split has happened in 2015 & 2018 and is supposed to happen this weekend? I read about it happening in BTC but this chart shows same action on the same timeline.
My Q is: If this happens with BTC, will it too happen here too? Or did this already happen in March and is already a Bull stock?
Reverse Split is where the stock falls too half price and then turns bullish.
@The_OnlyRule, I'm not incredibly familiar with how options prices rise, but I'm assuming $40 contracts for sept will be much more expensive when july/august hit.
coinslayer191
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@The_OnlyRule, I'm charting this to be at $60 in June after a consolidation to $30... This thing has been on a solid recovery. Careful on that $40 strike.
bodeen88
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@coinslayer191, Thanks. I just finally bought that contract today for $40 strike Sept 18. I paid $720 for it. If price consolidates at $30 for a while, no problem. I will come back in a few weeks and buy another contract. Thanks for the advice. I see a clear recovery for this too. I'm counting on oil companies profit to improve as crude futures continue to find some traction.
My Q is: If this happens with BTC, will it too happen here too? Or did this already happen in March and is already a Bull stock?
Reverse Split is where the stock falls too half price and then turns bullish.