I don't recommend taking a huge position on this stock. And once you make decent profit, get the hell out. But this stock has been a favorite in the bio-tech space and the price suggests a rally could be coming soon. It can also be considered a hedge against the stock market during this pandemic. I'm in @ 1.07 w/ no stop loss. A risky and small position.
I don’t care much for Saudi, OPEC, etc... What matters to me is that I see oil trading at 20 dollars a barrel.
That’s cheap as hell. I’m in @ 20 with a stop loss @ 15.
Other exposures related to this trade: bought CAD & NOK.