Quote (Greater @ Apr 27 2020 12:29pm)
Or ^me1 gets that 900% return on the OIL ETN that I’m eying also.
I bought some airlines today. A bit risky but there were +1.4k commercial flights WoW for the first time since March so the data tells me we’ve bottomed unless a second wave hits (which is probable and the risk)
Also more airlines is good for oil so I like your investment, ^me1
Now's a poor time to invest in oil stocks though - oil prices are plunging but stocks aren't, meaning that the stocks are currently artificially inflated by shareholders
Also, oil is a poor long-term investment given the rise of renewable energy, so you'd be looking for a short-term return on a stock that's valuated higher than it's worth currently. Not a good buy