Yeh your right, pretty much the story of most asx listed companies. I didnt buy June contracts at $26 though. I bought 2 days ago when NAV was at $4, I think june WTI was around $20. I'm down about 25% I need 33% to get back.
Thats like say MQG was a bad investment 1 month ago at $75 because it was down 50%. If you bought at $75 you"d be up over 30% within 20 days.
or afterpay at $9 because it had lost 75% from $40. If you bought at $10 you would have doubled your money within a week.
WARNING: Read me before buying OOO, page-477
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