Selling 4th BOIL, +57% in 1 Month
LXU +29% in 14 weeks
A month ago I added a 4th BOIL position, a levered long on natural gas, at $14.10, noting:
Sentiment for natgas borders on hatred while prospects seem bleak, yet we’re entering the most typically bullish months for the sector while its chart is turning constructive.
BOIL is already up 57%, to $22.20, and I’m booking that amazing gain for such a short holding time.
Natgas looks very bullish for the longer term, with 3 BOIL positions remaining in One And Done idea #10 - Natural Gas.
LXU is $9.96, up 29% since suggested 3.5 months ago in Special Situation Twofer: CRECF, LXU
It still has a lot of long term upside in my opinion, so will keep holding it, however if you’re swing trading or need to raise capital it’s hard to argue against realizing at least some of those huge short-term gains.
CRECF was another idea offered at the same time. It’s already run up as much as 57%, and we booked it at a 48% gain three weeks ago.
If you’re new to this substack, that post has a recap of Special Situation ideas:
Booking Big CRECF Rally, Buying LL Again
My “special situation” ideas have been very profitable. We’re 8/9 so far, for a lucky hit rate of 88.88% across a wide variety of sectors and market caps, long and short. The latest Special Situation, in the Japanese yen, isn’t going well though. Headline today:
Subsequently two other Special Situation ideas were published:
JOBY, ENVX : Special Situation Twofer
We’re 8/9 so far on Special Situations, for a lucky hit rate of 88.88% across a wide variety of sectors and market caps, long and short. The 9th is recent, still open, and I’ve every confidence will be profitable too. Today, another twofer: JOBY and
Circling back to Critical Elements Corp., a reminder of this recent observation:
[CRECF] has since consolidated in a pattern that typically resolves upward and it targets a further 40% run-up.
See here:
+ Platinum & Palladium to #4
Posted the evening of April 29, with today’s “buy” target in mind: We may soon have bullish alerts triggered on soybeans, corn, platinum and palladium. SPPP SPPP - Sprott Physical Platinum and Palladium Trust hit a low of $9.35 the next day and closed yesterday, Friday May 10 2024, at $9.97