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just bought some $23.1's DUST
DUST is dropping pretty fast today I'm glad I sold at the close. Calling a broker in that slide would have been costly. Has anyone had trouble trading this am? It could be a good intraday bounce play for DUST
sharpshorts you get to donate that .8 shares back into the fund to enhance performance and promote further ROT-Reduction Of Transparency
An easy way around it is sell it the day before the split then buy it back the next day if you want. The having to call the broker can cost you a lot of money if the price is dropping.
Having most of the main Gold stocks on Candle Glance that make up the $GDM helps. A quick glance and all but one looks like they are in pullback, consolidation. Can you guess which one?
http://stockcharts.com/freecharts/candleglance.html?GG,ABX,NEM,CDE,AUY,AU,GFI,GOLD,IAG,dust,$GDM,NUGT|B|F20
This is where Direxion is good at swacking 10-20% off the value of the ETF in the week following a r/s. Maybe they are readjusting the number of shares for fund performance. NUGT is going to look real expensive at $87.7 a share tomorrow morning with gold dropping and Dust is going to look real cheap at $25. I say they meet somewhere in the middle in a few weeks.
Gold needs to test 1340 see chart
http://finviz.com/futures_charts.ashx?t=GC&p=h1
From the $natgas chart maybe test $3.6's the trading range it broke down from in July. I can't think of anything to make NG go above that level.
http://stockcharts.com/h-sc/ui?s=SRTY&p=D&yr=0&mn=3&dy=0&id=p45850764199
Trading range is likely for a while due to the wx and supply
The gap at $2.9-$3 from sept 2012 still looms large.
http://stockcharts.com/h-sc/ui?s=$NATGAS&p=D&yr=1&mn=0&dy=0&id=p92488504376
you guys waste too much time talking hypothetical bs that makes absolutely zero money.
For crashes in the market SRTY is the best of the 3X leverage Steriod munching monsters. Been in it since $15's couple weeks ago. It broke out of the $1 trading range late last week now $17.44 closed on the high today. $RUT no support until 950-1000.
http://stockcharts.com/h-sc/ui?s=SRTY&p=D&yr=0&mn=3&dy=0&id=p45850764199
From long term perspective chart. If market does crash there are lots of gaps to fill. 920,820,775
http://stockcharts.com/h-sc/ui?s=$RUT&p=D&yr=0&mn=10&dy=0&id=p97149084713
UGAZ $16.46 high today 8th day since the low.http://stockcharts.com/h-sc/ui?s=UGAZ&p=D&yr=0&mn=7&dy=0&id=p14608462226
SRTY $17.5 back in this since $15's a few weeks ago. The broad market slipping again today. SRTY SPXU and SDOW could all continue to have good runs as the FED, earnings, Economy, and congress falter.
http://stockcharts.com/h-sc/ui?s=SRTY&p=D&yr=0&mn=7&dy=0&id=p78729349824
Good day for the Miners DUST $51.7 high +7% NUGT 50ma at $7 pull back punch the 50ma maybe $6, target for flip
dude iligence Member Profile dude iligence
Friday, August 16, 2013 11:29:24 PM
Re: dude iligence post# 1354
Post # of 3685
Sold NUGT this morning for the 3rd flip since the June low on the gap up above $10 and bought DUST $44-$45. The Miners continued lower as the price of gold continued higher the opposite of what happened in June but similar. Trading top, 100% gainer in about 7 days, don't be greedy. Gold Miners continue to be the best trade, emphasis on trade in the market.
Once again here's some of the miners that make up the $GDM that NUGT tracks
http://stockcharts.com/freecharts/candleglance.html?GG,ABX,NEM,CDE,AUY,AU,GFI,GOLD,IAG,HL,$gdm,NUGT|B|F20
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dude iligence Member Profile dude iligence
Wednesday, June 26, 2013 1:42:20 AM
Re: None
Post # of 3428
When the miners stop going down in price despite Gold going down in price, the bottom will be near. That is the point to average down NUGT or go long if not and or sell DUST. A few miners didn't go down today but went up
GOLD
GSS
HMY
Its not dilution its ROT-Reduction Of Transparency
Ty your right about one thing EDXC has never had over 10mil share day. That is most of the problem. You can't have a bunch of shares given out with no volume and expect the price to go up or stay in place. No TY I don't spew garbage EDXC does, like most POS Diluted penny stocks. I guess you forgot I told you guys the play was the bounce off .04 for 50-70% gain in about 15-30 mins. That was a very accurate call. It dropped to .038 then bounced back above .07.
I'm telling you from a traders perspective going forward. If it fails to stay above the 200ma there is next to no support .03,.015 until .009 for a bounce entry around a penny and exit around .03's
http://stockcharts.com/h-sc/ui?s=EDXC&p=D&yr=0&mn=8&dy=0&id=p29625134060
There is no dilution with 3X ETF. Its called ROT
Its the only way with Numbnuts anchoring the ship
Ty EDXC put out news 3 times since Aug 7. The news on Aug 12 was second day of the MMJ rally when all the other players were up 50% but EDXC was selling off on big volume despite solid news. That is a very Bad sign.
"With more news in the pipe, I highly doubt this goes anywhere but up."
This is a repeat of what happened with the solid news of the vending machine met with a 20million share dump day. The chart is not building solid support above the 200ma. It is treading water above the 200ma.
http://stockcharts.com/h-sc/ui?s=EDXC&p=D&yr=0&mn=1&dy=0&id=p24653600170
As far as dilution goes call your broker have them call the TA to get an update on the float and OS. Any increase in float is dilution.
Endexx Brings M3hub(TM) to Washington StateMarketwired(Wed, Aug 14)
Endexx Secures Exclusive World Wide Rights for Medical Marijuana Dispensing TechnologyPR Newswire(Mon, Aug 12)
Endexx closes Acquisition of Dispense Labs LLC.PR Newswire(Wed, Aug 7)
Haven't you guys been paying attention There is not such thing as dilution in 3X leveraged ETF's. The steady and frequent increase in shares is only to help fund performance. Don't worry its all good.
EDXC looks bad. When the rest of the pot plays rallied last starting 6 days ago for Third Day In Play Collect Your Pay. (MJ went up 100%) EDXC got more dilution dumping taking it from .07 to as low as .046. This is the problem with giving out shares for acquisitions, JV etc. Everybody wants to be the first one to the exit if the price doesn't go up immediately. I'd say 90% of the current EDXC shareholders are bagholders.
http://stockcharts.com/h-sc/ui?s=EDXC&p=D&yr=0&mn=2&dy=0&id=p36078473683
The price is sitting on the 200ma right now. That rally 6 days ago in the MMJ sector was most likely the last op for EDXC to recover, but some eager beaver with millions of shares dumped. For all we know there could be 10 eager beavers with millions of shares waiting to unload.
Fall below the 200ma and the chart doesn't have any support. EDXC was basically sub-penny before it shot up from .005 to .20 in only 9 days. This is a ugly position to be in if your long. Trying to be optimistic a possible bounce off .03 then .015 but .0090 looks like a place it could get swacked to for a bounce. From a traders perspective buying this at anything above .009 for a bounce is too risky. You have to ask where is it going to bounce to? .04 Why buy at .03 if it only goes to .04. Hope this helps. Sometime the best thing to do is take your loss like a man, pick yourself off dust yourself off and press on.
Kapla the price of DUST has come down over 60% since the high. It is no longer over priced. When the quarterly NUGT r/s occurs it will be much higher than the current price of DUST. Does that mean they will have to to a forward split? NUGT has a better chance of going higher in the coming months than DUST. Perhaps they should do the r/s and forward splits monthly or weekly.
No such thing as dilution with ETF's It doesn't matter if they make money or not increasing the number of shares is dilution. Do you think that increasing the number of shares increases your shareholder value? Direxion talks about fund performance. What about shareholder value and performance.
Who ever heard of anyone believing all the bs they spew from those sales prospectus. If you invest in NUGT because of something you read in that, you are an absolute fool. I'm here because I saw the Gold reversal before it happened not after it happened and the miners are the best way to play gold. I bought NUGT the day before the bottom and the day of the bottom. I gave detailed explanation as to what was happening and why it was about to reverse. Go back and read the posts from late June. I have since sold NUGT 3 times. I will continue to trade it. But I would never ever ever do any trading based on anything in the prospectus. First of all who the F cares? The only information that could be important is the index it tracks $GDM and the stocks its made up of GG being the largest %.
stringray do you work for direxion? You continue to post about increasing the number of shares yet you fail to see it as dilution.
"Only in order to protect fund performance in the rare instance that the fund spot price is trading higher than its actual value do they sell more shares to correct this."
I don't care why they do it or what trumped up reason they come up with for doing it. It is dilution and that is why they must continually do r/s after r/s. If they didn't do the r/s eventually the 3X ETF's would go sub $1 then sub penny. No one would trade them.
"And it has absolutely nothing to do with decay. You are absolutely incorrect. Your insistence on continuing to post false information is counterproductive to this board."
You are the one that insists on calling it Decay not me. I've been trading long enough to know dilution in a chart when I see it. Counter productive to this board is wanting everyone to drink the pumper Koolaid that some here at I Hub serve up.
Dilution is an increase in shares, increase in float. Everything you describe meets the definition of dilution. Dilution is a bad word so they came up with a nicer sounding set of terms Decay. I think Rot would be a better word to describe it. As long as you don't get on the wrong side of these Rot Monsters. I flipped out of NUGT for the third time since June into DUST on Friday. I think NUGT $6-7 is a good initial target to pull back to.
http://stockcharts.com/h-sc/ui?s=NUGT&p=D&yr=0&mn=3&dy=0&id=p36332061978
DUST in the $60's would be a good place to sell.
http://stockcharts.com/h-sc/ui?s=NUGT&p=D&yr=0&mn=3&dy=0&id=p36332061978
Now if the Goldbuggers get all excited and start buying tomorrow my stop on DUST might trigger and dot me out into cash. Personally I could care less if the play is long or short as long as the volatility and movement are there.
stingray113 ANY INCREASE in the number of share ie Float is Dilution for whatever reason Decay, Rot, or to make the Direxion guys rich
stringray113 no one ever said they didn't have anything in common GDX is for the CNBC crowd that don't have very big balls. NUGT is for the manly men that are sure of what the F they are doing.
If you think the miners are going to go up why buy GDX as opposed to NUGT? I can only think of one reason your not sure it will go up.
As far as the decay/dilution factor you get 3 times the dilution/decay with NUGT vs GDX hence the 10/1 rs every major Federal holiday
stingray113 all 3X leverage ETF's bleed about a quart of blood every hour. The Direxion ETF just happen to be some of the worst bleeders the only one I can think that is worse then Direxion is UVXY. Hold any 3X leveraged Steriod Munching Decay/Dilution Pig in a sideways market and you can see the bleed/Decay/newly printed shares/dilution/loss of value.
That's not to say you can't make a killing trading these bad boys you simply Ride Em Hard And Put Em Away Wet. Kick their dead carcasses aside jump on their evil twin brother to do the same while the carcass swacks off 50-75% of its value and gets a new Nitrous Oxide refill and a hefty dose of Steroid injections for the next run
revised definition of Dilution- Direxion creates new share units is when NUGT is trading at a premium to its indicative value. This occurs when supply/liquidity is lower than demand for shares. They create new share units in order to eliminate this premium, to keep the NAV of the fund equal to the IV of the fund. In other words - they create new shares when demand has driven the spot price of the fund above its actual value in order to make sure the fund is behaving according to its prospectus.
In other words they only dilute when the current shareholders aren't selling and new shareholders are standing at the truck screaming I gotta get in, I gotta get in.
kei buy and don't forget Sell NUGT to make money. If your selling NUGT it means its time to buy DUST
What happens if you short these 3X dilution machines and they do repeated 10/1 r/s?
Lets say you start with $100k in 3X ETF Alpha at $100 a share. You have 1000 shares. Over the next 4-6 months it drops to $10 (not unreasonable) Now you have $190k. It then does its quarterly 10/1 rs taking the price back to $100 per share. $190k/$100=1900 shares.
Over the next 4-6 months it drops back to $10 1900 x 90=$171k+190k=$361k.
You haven't done anything other let the power of decay work for you.
Correct me if I'm wrong with the math, shorting 3X leveraged ETF's seems like the biggest No Brainer in the history of the stock market.
I'm really starting to like this Decay/Dilution Solution to financial independence. This could be the best retirement plan ever.
Definition of Dilulution-leverage decay, beta decay, and the inefficiency of daily rebalancing
Only thing I'm complaining about is I want 5X leveraged ETF's I'm getting bored with the wimpy 3X performance.
Direxion just keeps pumping new shares off the press and when it gets too diluted to keep the price up they do another r/s. There is absolutely nothing backing these 3X ETF's other than faith. Anyone that has traded or watched FAZ/FAS gap down and swack off 10-20% in value with zero correlation to the financials knows this. All the Direxion long term charts reek of dilution. Call it DECAY or what ever its still dilution. If it weren't there would be absolutely no need to r/s time and time again. It's all packaged up nice and neat and sold to the public. I traded POS penny stocks for a long time and I trade POS 3X ETF's now. Compared to POS pennystocks these are a piece of cake. They move much slower loading and unloading zones can be days long vs POS penny stocks seconds entry and exit is instantaneous vs POS pennystocks, exit my take days weeks, months years, lol. Charting info is far more detailed. NUGT tracks $GDM which is made up of several mining companies all moving in relation to the price of Gold, hence multi-charts.
Right now I'm trading
NUGT/DUST
UGAZ/DGAZ
USLV/DSLV
SRTY
Personally I don't care about the DECAY/DILUTION IS THE SOLUTION BECAUSE THE SOLUTION IS DILUTION
I just want them to boost the Horsepower and come out with the Super Premium Elite Pro 5X leverage ETF line.
Perhaps a double shot of Nitrous Oxide with some extra steroid injections would get the performance needed for 5X
Eventually no one will trade stocks just ETF's then the whole market will implode.
DrContango thanks for the good info I will call Eturd and Ameriturd on Monday. I have asked them before and they told me shares weren't available. I will mention all that you posted. If they decline I'll look into FIDO. I'll let you know what they say. The interest portion of it sounds like the deterant they use to discourage it. Is that 10% per year or day?
Tell me something I don't know like Name one broker that will allow you to short leveraged ETF's. Tell me this information and I will put a 100k short on the VIX burner UVXY the next time it does its quarterly 10 for 1 r/s. The last one was in late June 2013 took the price back to about $90 and now its only $36 in a couple more months it would be $10 again without the broad market continued drop.
Chart of the U V XY Dilution Shxxslide I know dilution in a chart when I see it. That is dilution. Call it decay or what ever you want but it is dilution. This chart is worse than any POS diluted pennystock I have ever seen.
http://stockcharts.com/h-sc/ui?s=UVXY&p=D&yr=2&mn=4&dy=0&id=p81858072557
Trading UVXY is like putting your hand on a burner to see if its hot. Sooner or later your gonna get burnt bad. Trading UVXY is like being in a room with a angry pit bull that hasn't eaten in a week. And your covered in his favorite dog chow. Turn you back on him and he will chew your arms and legs off. Etrade Ameritrade won't let you short it. Message comes up no shares available. Doesn't matter how high you put the price in they won't allow it.
DrContango name one broker that will allow you to short an 3X ETF?
Focus on the positives
Numbnuts is so cheap he wouldn't give Dumping Dory the shares he promised. If he did give them out they would have been as worthless as wallpaper because they would have been restricted and Dumping Dory would have never been able to sell them. That is why Dumping Dory is history. The biometrics is OK but you can buy the same stuff on Ebay for about $80.
The float of 56 million is actually 12 million less because those shares are restricted. That puts the float at 44 million. The Boyz Club owns about 35 million of the 44 million. That leaves about 9 million shares spread out over the remaining 1500 or so shareholders. From the NOBO report we learned that the bottom 1200 shareholders own an average of 2000 shares each. So you have a bunch of clowns selling 2k blks at a penny or two ($40)keeping the price low.
Any spike buy volume and the price shoots up.
We have seen over and over that Numbnuts goes the cheap route with promotion so no one ever hears about this stock. Left to numbnuts control the price finds it way back to .0040-.005 with the occasional dip to .0006 intraday. Makes for good buying ops.
The key to the MMJ play is the Major Media coverage it has gotten and will get again.
What distinguishes HSCC from all the other pot plays is It is the only non-diluted pot stock. All the rest are diluted POS's. The whole sector has the smell of diluted shxx right now. It would be easy for a non=diluted company to emerge as a leader from the current cesspool and become a Wall Street darling.
The goal of the outside consultants is to make HSCC part of a team of MMJ companies working together. HSCC becomes an investment vehicle for MMJ companies that are privately held. They invest in HSCC and they work on projects and contracts with HSCC in compliance, bidding RFP contracts, providing turn key solutions to anything MMJ related. Each company experts in what they do. HSCC Gary Williams is the surveillance, camera, GPS tracking expert. Several other companies all with different expertise. If you have 10 companies with each one putting out news and HSCC is in every one of those prs what do you suppose will happen to the price of HSCC? This is the plan that has been underway and will continue. The problem has been control freak Numbnuts. At some point Garys leadership ability will be tested and he will have to step up and take the bull by the horns. Gordon the military trained pilot already knows the importance of "I have the aircraft" taking control away from another pilot that is doing something dumb or dangerous. Another option for Gary will be to simply Eject Eject Eject and let Numbnuts crash.
So what about letting Numbnuts keep flying the aircraft, then work seperately with the team of MMJ companies with the goal of forming a publically traded company they all are shareholders in. Now if Numbnuts wants to be a part of it he has to play by the team rules not his rules. What Numbnuts gets in return is all news by all the team companies mentions HSCC. This way HSCC controls nothing but benefits from the efforts of the team members. Numbnuts fails miserably at promo, prs, websites. Under the new plan he just sits back. HSCC becomes the test bed for a newly formed company made up of several mmj companies, all of which are the best at what they do.
At the same time Numbnuts just continues to focus on filling orders from the alum guys that pays the bills. Orders that without Gary would go away.
Decay such a nice word for dilution. All the 3X leveraged ETF's are basically smoke and mirrors. Direxion just uses poorer quality glass and some substitute for the silver. The smoke they use is old tires they burn. Thats why the Direxion funds do 10/1 r/s about every major Federal holiday. As soon as NUGT does the r/s is will magically lose about 20% of its value in a week or two. If we could short these POS Direxion funds we would never have to do anything else again. Just sit back and watch you account go up in value with a steady stream of income. They are good short term trading vehicles when there is a major trend reversal, large market movements and lots of volatility. The good thing about the ETF's is lots of big money players which means instant in and instant out when you hit the execute button. No partial fill and then the mm moves the bid or waiting 5 mins while the mm decides how to best screw you. If you can successfully trade diluted POS penny stocks you can trade 3X leverage ETF's.
Sold NUGT this morning for the 3rd flip since the June low on the gap up above $10 and bought DUST $44-$45. The Miners continued lower as the price of gold continued higher the opposite of what happened in June but similar. Trading top, 100% gainer in about 7 days, don't be greedy. Gold Miners continue to be the best trade, emphasis on trade in the market.
Once again here's some of the miners that make up the $GDM that NUGT tracks
http://stockcharts.com/freecharts/candleglance.html?GG,ABX,NEM,CDE,AUY,AU,GFI,GOLD,IAG,HL,$gdm,NUGT|B|F20
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dude iligence Member Profile dude iligence
Wednesday, June 26, 2013 1:42:20 AM
Re: None
Post # of 3428
When the miners stop going down in price despite Gold going down in price, the bottom will be near. That is the point to average down NUGT or go long if not and or sell DUST. A few miners didn't go down today but went up
GOLD
GSS
HMY