Back on February 10, I wrote a post called Lake Erie, and I did a post for my beloved Slope Plus members called Return to Lake Erie, in which I suggested that energy stocks were going to head lower, and noted I was going to buy the triple-bearish ETF symbol ERY (my precise words on February 10th were Yesterday I start accruing a sizeable position in my IRA account of ERY, the triple-bearish fund based on energy stocks. So far, so good.) I would say this has been going pretty well, as the arrow “buy” point reveals. We’re up about 25% since then.
I confess to getting a little nervous with crude oil approaching a fairly important trendline, but I’m just going to tighten my stop and hang on. Congrats to others in this trade.
