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Nug jr refuses to keep up with the old man. Come on jr, get your arse movin.
Stock takes another hit.
Reading the year-end...
Not much promising to lean on. Unless their new platform can quickly scale sales and create wider margins with increased profitability, the stock will go no where. Percentage wise, Expenses, compensations, and administrative again all grew far more than revenues or profit. Sales are simply not growing fast enough to absorb those increases. Margins will continue to shrink.
The company continues to devour revenue and eat cash internally, leaving nothing for the bottom line or investors to feed on. Existing operational sales decreased both in their MLM and coffee divisions, while new sales grew only thru acquisition. That is a formula that will eventually run out of legs. ROI looks bleak. How will they make this a worthy investment for current and new shareholders even after uplist. There is no revealed strategy that will drive share price. The uplist will do nothing more than create liquidity for the board and sales cronies issued free stock and options while stealing shares from their loyal investors. Current bag holders and open market purchasers of the stock will continue to eat spam. The light remains dim for shareholders imo.
Hoping for a buyout once uplisted at double the current valuation.
Which should tighten the spring even more once the shorts cover and they finally let'er run. If that day ever comes....
Those Canadian companies have bottom lines that benefit from a higher price of gold. So they should react within the etf group and hence create an equal 3 times reaction in our holding. I get maintaining the higher gold price is what ultimately creates the ledger entry, but as with any commodity affected trade, if should react according intraday and real-time.
Ok genius, give us the rationale.
When gold fails, GDX and GDXJ trace down hard and fast. Yet when gold runs, GDX and GDXJ fail to participate. Any moron gets that we are tied to those etf's at 3 times their movement. What we fail to rationalize is how there is such a disconnect to the upside but such a huge a multiplied connection to the downside when tracking the movement in gold.
Yup. No rally participation. Jr. went to the bathroom to take a $hit while the rest of the room continues to party.
It sure is hard to hold this junk when sensibility seems to be out the window. High risk, no reward. Triple etf = 3 x the frustration is more like it. Head scratcher.
These ETF's are broken. NUGT/JNUG barely participated in the huge run up with gold, yet will drop like a rock in any slight movement in gold to the downside. Complete disconnect.
The only way to play these is shorting the opposite side or roll in and out of them daily.
Started playing these in December and am slowly getting back to even from the huge drop off the cliff in feb. Should have locked in 10k in January alone but got dusted holding into the skid. Have been bouncing in and out since averaging down and have faired far better.
There's an anchor around jr's neck and it seems rigged.
Pretty piss poor come along party. 3X etf that tanks with any decline but doesn't participate in the ride up, really chews at my drawers. Nug jr should be playing in the $10 park in the good neighborhood by now. GDXJ needs to wake da puk up!
Don't beat yourself up. We've all been there. Does not seem to be tracing as it should. JNUG should be running right now but is stuck in the mud.
Agreed. Look at the convergence number of JNUG and JDST just a month ago, near $12. Now closer to $9 and change. Heavy decay both ways unless straight one direction. Day trading tool at best. Ugly. JNUG should be trading near $10 with GDXJ at these levels.
Whoa. Should have sold half premarket for a nice little scalp but she'll run again. Gold strong.
8.08 opening bell.
She's at the gate and ready to run some more.
11.72 gap open Monday. Book it. Bank it. Boom!
Strong like bull!!
Convergence baby....coming soon to a big board near you. Tomorrow will bridge the gap big time at the open.
Strong final hour into close and tomorrow we run some more.
Bingo. The spring is still loaded imo
Boda boom bada bing ....schwing is right.
Just wait until the late to the party group pushes this hard and fast tomorrow too. All the 9-5 'ers haven't even seen the screen as of yet. Going to be a huge week!! Huge!!
Hold on to your purse old girl.
Late day push to begins the new uptrend in my favorite yellow metal. The east will drive her hard and up overnight. Bingo!
Huge supportive buying volume at this level. Bingo.
Oh baby. Even better than I thought. Could be a 30 plus percenter before she closes her gums for the quarter. Bingo!!
Caught some gorgeous jr 5's and some oh so pretty NUGT mid 7's.
Let'er run.
No head fake here....
The run about to begun....
See you over 7 then 11. Like shooting craps baby.
Boom.
Bingo
As Gomer Pyle once said....
Surprise Surprise!!
Yee haw
It might as well be. The only way this stock doesn't retrace down after the reverse is if they have a solid plan of attack to pull in new investors. Meaning they need to aggressively sequence PR's with viable substance and probability immediately after the split to show a bottom line growth and profitability plan that rewards investors. This crap of passing free stock thru their internal sales incentive growth plan murders the retail purchaser of this stock. Horse$hit pyramid pilfering shell game. The writing was on the wall years ago but I averaged down like a dumba$$ and bought into their lies. Dead money unless they create an entirely new prospectus and bankable business model to draw real money and reward the retail purchaser of this stock. Otherwise they will continue to only get lottery ticket and crap shoot players of this stock. No volume. No liquidity. Done.
Smart play. I dumped all my powder in the 5.6's on the way up so I'm hoping it holds and moves quickly post fed. GLTY. Cheers.
Feels like it's in. Sentiment was pretty negative and decline seemed eminent. Looks to have fooled the group for now, but who knows. Firm support here certainly changes my outlook in that a bottom may be in.
And we're off. Run like you stole something nug jr.
I'm hoping you're correct as I hold a substantial chunk here and am going to hold thru this trend. Need a reversal badly.
I haven't looked specifically at historical reverse splits of NUGT or similar ETF's, but
Perception of a reverse is to raise the height of the cliff so there is more room to fall or if it is specifically needed to meet a price requirement for an uplist or similar need. Technically, there is no basis for a decline. Perceptually, it seems to be the case more often than not and is viewed as a negative move imo.
If you look at the long term charts of both sides of these ETF's, including DUST and NUGT. you'll see the steady overall decline and decay. All the reverse splits seem to do is create higher entry points to give more room for further entry and decline. No one would take a penny ETF seriously, so the house revalues the share price periodically to make it appear more appealing to outside investor. These 3x ETF's would eventually end up in penny land if they didn't implement reverse splits during times of significant decline such as what is happening here. Depending on where you want to be, shorting the opposite side ETF seems more logical than buying the actual ETF you see on the rise. In the future, if I were to take a semi-long position in any of these types of 3x's ETF's, I would much rather short DUST than buy NUGT as both sides will eventually go down over time. Unless of course you are intraday trading these vehicles, then it's all insignificant.
OT: u give up on YGYI?
Best of luck??
Last year
She's about to fall like a redwood off a cliff.