So I have been investing on $BDRY since the big drop a year ago, hoping for a bounce back post COVID. And things went according to plan. Great profits so far.
It went quite fast recently, the premium increased a bit, but not too much.
My initial plan was to sell around $20, but it seems there is still plenty of gas left (with shipping picking up steam as economy gets ready for post COVID vaccine world, and inflation talk should not change the direction, that will be one of the small reasons we would have inflation from imported goods actually).
So it seems that we’ll reach the price we had in 2018, so around $25 soon. But I am starting to think now that it will be even higher, like $30 or even more, for the simple reasons that there is so much catch-up to do for the past year, and it is not going to drop suddenly (at least until everything is back to close to normal - so at least 3-6 months time frame?).
I could not find a lot of info about the previous max before 2018 (as the ETF was created only in the past few years). 2008 was the max, but there was a big crash afterwards, and years of under performance, under investment. So maybe all the stars are aligned for a great squeeze up? Thoughts?
Submitted March 19, 2021 at 02:41AM by _WhatchaDoin_ https://ift.tt/2NCJY24
