Riding The Gravy Train: NUGT, OKS, UCO and JCP Stops Updated

Riding The Gravy Train

Beating the market is fun and profitable. This is how we do it.

Thursday, March 03, 2016

NUGT, OKS, UCO and JCP Stops Updated

The remainder of our NUGT position is up about 250% since our mid-January entry and we're raising our stop once again, now to $45 on an intra-day basis.
 
OKS (ONEOK Partners) is up about 40% since our mid-January entry so although we're into it for long-term dividends and hopefully greater capital appreciation, we'll place an intra-day stop at $21.90 which is just below our entry to prevent this position from becoming a loser.
 
UCO (Proshares Ultra Bloomberg Crude Oil) was also entered that same day and is now up about 30%  We're placing an intra-day stop at our entry price of $6.50
 
JCP (J.C Penney) is up 35% since our entry last week (up 13% since the next day's open) and we're raising our stop to $7.50 on an intra-day basis.
 
 
 
 
 
 
 
 


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