I have a lot of money in OILU, XLE among other oil ets or companies. I have taken a big hit the past 24 hours (OILU is down approx. 20%). I believe just based on common knowledge oil will hit $150 this summer. At that point I will sell everything and buy up inverse oil etfs.
Others in my friend circle who are more seasoned than me say $150 will never happen. They add that I should exit my oil positions also and invest heavily in EV etfs/stocks. Thoughts and honest opinions on all of this?
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