Added short??

Congrats to those that held through Friday's drop and loaded low-mid 9's.

I'm not convinced the $USD explosion is done yet but today was a good sign bottom is in or near for Gold IMO.

JNUG

I have openly and honestly stated from my first post that A). I traded DRIO countless times B). Believe in management and the long term outlook of the company and C). would never hold through a R/S, why would I assume that unnecessary risk?

I am simply stating that I don't believe there is any sense of urgency to re-enter immediately. Your "judgements" and opinions are just plain wrong so I won't even respond.

good luck to you

Here's a good link to better understand the DRIOD 510(K) process. Investors need to know what device is the "predicate" for the application and has payment been made yet for the application? This would provide better clarity on the status of the approval given it usually only takes 90 days for a properly submitted form.

http://www.fda.gov/medicaldevices/deviceregulationandguidance/howtomarketyourdevice/premarketsubmissions/premarketnotification510k/default.htm

Any suggestion that FDA approval is imminent would be misguided IMO, every DRIO investor would be wise to research the FDA 510(K) approval process for the IbgStar device that was approved back in 2011. Only then will you understand why the 510(K) process is a). just a first step in the approval process and b). why it is so difficult to obtain with regards to ANY smart device.

Revenues from a highly saturated U.S. market are likely 9 months away and that is why I think new investor Edery will leverage his influence on the board and connections in South America to fast track renvenue growth.

This is not the slam dunk that some make it out to be IMO. All speculation on my part but I see no reason to "chase" or think DRIOD is going substantially North anytime soon.

Well played and well said. The opportunity to re-enter DRIOD at a pre-split equivalent price (or lower) will present itself this week.

There's nothing worse than having to wait to sell a position when others can trade freely.

I'm not complaining, I loaded VPOR under .023 today and I actually got a quick scalp in when you alerted.

Hopefully we are at or near bottom today.

The VPOR chart would suggest otherwise.

.035 when alerted, .022 now doesn't look good Chrion.

Who else has done all the dumping since you alerted VPOR?

Now that JNUG is in the single digits there is an additional risk of Direxions announcing a reverse split here.

Any thoughts?

Looks like 1180-1200 is the new trading range on Gold, miners getting punished again today. I would have expected big limit buys kicking in at 1200 but nothing.

Yesterday's confidence that we are near bottom is shaken, not even going to average in at these levels now. It looks like 1180 is inevitable, if that doesn't hold then Goldman Sachs gets their way with 1050 Gold IMO.

When did Gold lose it's safe haven status?? I would expect tensions in Ukraine, Hong Kong, Syria and Iraq to provide support but nothing.

CRAZY

Apparently not. Took profits on half my position this morning and reloaded 18.00-18.05 but I'm still underwater at the moment.

Even with and RSI below 17 XONE can't find bid support. CRAZY.

Couldn't resist, bought a block of 18.50's.

The relentless selling has slowed and shorts would be unwise to hold out much longer IMO.

New market cap and valuation look good at these levels, RSI is screaming for a bounce tomorrow.

Decay on this ETF is substantial. JNUG put in a previous 52 week low with Gold at 1180 and here we are putting in new 52 week lows with Gold in the 1215 range.

Too bad short shares are so hard to come by.

Agreed, the company is not in any trouble. They are well financed thru July 2015 and when the new facility in Germany is operating at full capacity operations costs should come down significantly. The company is now well positioned for growth opportunities

Sales have been disappointing YoY but the company is executing on it's business plan.

Sumo

Stop loss back in place, Gold will likely get rejected again if it tests 1220.

Risky buys this morning but one geopolitical event could send Gold above current resistance levels.

EDIT- Damn, just stopped out for a decent loss.

11.80 buy just filled, cancelled all stops.

First two of five buys in place, will accumulate 500 total if price holds below 12.50.

Good luck

Short covering today is a good sign. XONE

I loaded 12.02/12.05's with a tight stop. JNUG

Another UGLY day for XONE but the short covering in the last 30 minutes was encouraging.

RSI is way oversold and it's down 75% from it's 52 week high so we could see a deadcat bounce to 23.00 or so before the weekend.

IF the company can PR positive and unexpected news XONE could pop 30% overnight on short covering alone

Hopefully you didn't buy on margin, if not and you can afford to hold for a while you'll make out just fine IMO.

I learned the hard (expensive) way to put stop limits in place, I originally thought 28.00 was bottom and would be down over $10K if I didn't protect myself and accept small losses as part of a trading strategy.

Good luck Minding, it has to bounce at some point and when shorts do cover it will move up FAST.

The company allows it's share price to be slaughtered day after day, there is clearly no good news on the horizon.

XONE

Nice entry point.

I'm still spectating with my first limit buy at 11.80.

Good luck

Found 300 shares short at 20.81 at today's open, it seems to be the only way to play this (with a stop and not holding overnight).

Buy stop set at 19.30 to cover if it pops.

If you can't beat 'em, join 'em.

EDIT- tightened up my buy stop to 18.80

Over and above the technicals that suggest we are near bottom I have the following observation:

JNUG has had 3 defined peaks since inception at 43, 43 and 36 (all numbers rounded). At each peak of 43 JNUG retraced 70%+- and took 6-8 weeks to reach bottom. From the most recent high of 36 a 70% retracement would put us in the 10.80 range, again falling within the 6-8 week time frame from top to potential bottom.

No one (that still has a soul) times a perfect bottom, buying a 20% position in increments over the next week to 10 days is a profitable strategy here IMO. Will history repeat itself??

Any thoughts or corrections?

Sumo

Thanks for the heads up, I'm out and will look for a re-entry point.

VPOR

VPOR. Let's close above the 50DMA today. Added to Friday's position, thanks for the solid DD here.

Sumo

I'm just an unsophisticated spectator here, I'll watch and learn.

There are far safer bottom/bounce plays.

BRZU

Watching it now for sure. BRZU

I'll start buying in tomorrow if we see low 20's, I'd be very surprised if this drops below it's IPO offering price of 18.

Institutions and insiders hold roughly 50%, the other 50% are SHORT. Surely anyone selling at these levels is taking a big loss.

No sign of shorts covering but when they do.....$$$

Buying and selling DRIO (and all stocks for that matter) is what makes the market, creates liquidity and attracts attention. Without day traders volume would be extremely low making DRIO more vulnerable to shorting and MM antics. No one every gives flippers their due credit.

Don't you realize yet that almost every poster here convincing you to "hold for the Gold" is actually flipping constantly?

I definitely believe in DRIO and will likely hold longer term but choose to trade and profit while the opportunity presents itself. Holding through a R/S is just plain crazy IMO but I admire your belief in the company.

Good luck

My time and sales showing KMAG at .0003, it would seem JR still has some credibility issues.

Damn, weren't people buying above .01 recently??

Company raising capital. I got out yesterday when the volume dried up. QRHC

DRIO is my favorite ATM of all time, it just keeps giving!

Congrats to all the winners

Wow, a tight stop saved me from a $3.5K hit. Not sure why I thought this POS would bounce this morning but I'm staying away.

Looks to be heading for the teens before year end.

XONE

Nice, I got some 7.42's and scalped out 8.15.

Keeping an eye on LPCN for another bounce play tomorrow.

EDIT- tempted to reload in the 8.05 range

Grabbed some JNUG 13.40, might see some short covering EOD.

EDIT-stopped out 13.79

WHOA, .08 DRIO

Wow, now that is a gap DOWN. Let's see if .085 holds.

DRIO

You are predicting a 500% jump in DRIO PPS with a reverse split around the corner?

Someone slipped a ruphie in the Koolaid.

Ridiculous but entertaining commentary on DRIO.

Nothing good ever comes from a R/S short term and there is nothing more painful than being trapped and waiting for your new shares to be delivered when others can freely trade and manipulate the share price lower.

Just plain shady