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Hmmmmm...let me guess...could it be...
....DILUTION??!!
This train has a very heavy caboose filled with flippers. .10 'within weeks' has been repeated for many many months, and the train never leaves the station.
This is ugly and getting uglier. What happened to all those who thought this would run back to $20?
Yeah, there's no hope here--this is toast. They'll drive it down to no bid and then reverse split it.
What a scam.
Maybe so, but it looks like good bid support at .0005. Many 'baggies' are not willing to dump at the all-time low.
Looks like a half dozen. If you invested $10k at inception, you'd have $87 now.
https://www.splithistory.com/jnug/
Yep, they truly are garbage. These things are only good for flips and swing trading.
Not likely. I think this stays rangebound.
Yeah, I expected it to come about a lot sooner. I kept saying it over and over--now I'll say this: It makes no sense to buy and hold this long term until after the split. Until then, we'll see the usual flipping, but little price movement.
BTC is the new gold. Real gold is in a bear market.
Dilution had to have been taking place here--BTC has nearly tripled while DIGAF has gone nowhere. This would be a nickel right now at least if it weren't for the steady dilution.
The trash management are also stupid. If they'd take their feet off the dilution pedal for a while, this could have a great run--then they could dilute at much higher prices.
Here it comes again--five shares turn into 1.
After the close of the markets on June 27, 2019
https://www.oilandgas360.com/direxion-announces-reverse-splits-of-eight-etfs/
I've noticed how this junk has plummeted and I'm sorry to see so many are stuck and steamin.'
HOWEVER...another thing I've noticed over the years is this: When penny stocks have a run, people will always be there screaming to buy it at the highs and how much higher it will be going...an opportunity of a lifetime, etc etc.
When it plummets back to Earth or even starts making a bore hole inside the Earth, then people will be screaming it's going to no bid, or that the CEO is a scam artist (he may be) and that you may as well dump it before it's worthless.
Bear that in mind here--when is the time to sell and when is the time to buy?
Nice rebound for gold today--JNUG would be up a lot stronger if it weren't for the decay.
Scale this down too much more and a RS will be announced...
I have followed this. It's easy to follow a slow-moving turtle.
Lucky to be at .01
"I anticipate DIGAF will go back to .02 tomorrow. '
LOL--that's quite a fantasy. Bitcoin's price may be all over the place, but look for DIGAF to go to a lower place.
Is it unintelligent to state facts? This was over 2 cents a few weeks ago when Bitcoin was much lower.
They chose a bad time to dilute and dump into a major Bitcoin upswing. Now THAT is unintelligent.
DIGAF doesn't follow the bitcoin price, though. As bitcoin has climbed every day, this went down every day. Bitcoin at 10k will probably mean .005 for DIGAF.
Like 'Major Major' in "Catch 22," BONZ is completely inept. Once heavily hyped by liars, cartloads of gold were promised, but at the end BONZ delivered only a few tiny specks. The current owners are so incompetent they can't even run a decent scam, unlike their predecessors. There has been almost no news, volume, hope, or interest here for years. Nobody is bashing BONZ to get the price lower. It has been low for quite some time. We are here because we want to see how this long, and now boring soap opera ends.
"Major Minors" Reminds me of that line in 'Galaxy Quest,' "Miners, not minors!"
It has no staying power. There's no reason why this can't revisit a half cent. We saw the Bitcoin price more than double while this junk has continued to spiral down.
Gold has already been in a bear market for years now. But it all doesn't matter much--BONZ isn't about producing real gold. Instead they've been about getting people to imagine vast riches of gold hidden inside their desert dirt. Get those shovels ready and lend them a hand! LOL
It's like that movie, "What About Bob?"
"You think he's gone? He's NEVER gone!"
You think dilution is done? It's NEVER done!
Not being accumulated 'big time.' Some days go by with zero volume. Nobody wants this. Nobody cares.
Nothing happening with BONZ
No, they don't have 80 copper mines. That's blatant bunk.
Smart move. Looks like the $6s are coming back.
If this hits the $5s, another reverse split will be the inevitable outcome.
Yeah, there is. Bitcoin is going parabolic and this is going die-abolic.
I'm not the one peddling a scam.
Dollar down, gold up, Dow up--JNUG can only go up a gnat's wing?
Not looking good here.
It's hard to buy here--I don't want to get back in because I'm almost positive there will be another reverse split announcement if it hits the upper $5s.
Good luck to you.
DIVE DIVE DIVE!
Wait for the $6s.
Hope everyone got out on the sudden pop. This is going back down.
It's not being accumulated big time, little time, or otherwise time. Nobody wants this junk.
Yeah, too many zeros in BONZ. That's because it is a zero.
It's a roach motel. Easy to get in and hard to get out--the bid is still at .008
Three. Here it even says they usually occur at the $5 price point.
https://www.splithistory.com/jnug/
Fading into the close. I wouldn't be surprised if this hits new lows. If it dips into the $5s, expect another reverse split. That has been the pattern.
It's indicative of the decay inherent in leveraged ETFs such as JNUG.
Buy ugly, sell pretty.
Trouble is, buying ugly can lead to even uglier.
Hey JNUG, it's not like gold is down $10 or $20 bucks today. What's the deal?
Decay?
Well, that explains it.