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Huh....say what again?
CEO’s of large publicly traded companies live lavishly you say.
Like my wife at a bar-mitzvah.
Delisting is not a death sentence and there is still a possibility that they remain listed on the Nasdaq thru appeal and compliance. Their recent actions don’t bode well for them and their reputation is clearly tarnished. Big banks may create a mass exodus. Many underwater. Will retail gamble on LK? We’ll see in a few hours. Premarket will tell the open. Many can’t trade before the bell so it may give me a chance to bail if things look ugly. Should be wild regardless.
Great news. Buckle up....she’s about to get buck wild.
Nothing changes with a delisting other than their credibility which will undoubtedly create a share price decline. Clearly not a good thing.
Agreed. Criminal acts of a few shouldn’t incriminate the entire administration. If that were the case, why would they have come forward with the cooked books revelation in the first place. They could have easily and systemically ran the fraud for years just as Enron did. I’m banking on a forward looking growth structure with clean books and clear oversight. Looking forward to seeing how this trades once it resumes. Volume will be insane.
Gotcha. Cheers.
I’d say that’s a positive. I doubt they would offer short shares knowing the bottom was about to fall out once trading resumes. I’d also say we move up once trading commences. I’ve got 5k shares riding on it. Let’s get to it you Chinese java drinkers.
I think they just shelved a billion shares, so yeah, any good news or need for money will be followed by massive dilution.
So it would appear....GDX, and GDXJ at or near seven year highs, yet check out the performance of these red-headed step children. The charts show the misery. The disconnect. The demise of of your money if you held thru down cycles.
But that’s why they are what they are. Short-term trading vehicle or pure pieces of shit.
I’ll need to buy a million shares and hope it runs to a dollar.
Cheers.
I’ve had a turbulent relationship with this wench for many years. Was up $30k just a few months ago. Now down over $50k. Made most of it back flipping restaurants, casinos, airlines, and cruise lines, so it could be worse. Bottom feeding. Great day today. Exited everything but JNUG and my cannabis longs. Playing oil soon.
Not a contrarian but.....
These moves are minute, pathetic given the circumstances. You could be grabbing 20-30% moves in equities with far less risk. Not sure who wants these garbage trades anymore. You’re right in the sense that this should be at $100 or more. But it isn’t. Will it ever, regardless of the price of gold? I still hold 500 shares for the hell of it, but with 2x leverage and weak participation, I’m not sure there is a ramp with enough angle here to create a lift off. Hope I’m wrong.
Full disclosure:
I got decimated on the last drop from $100 to $4 so I’m probably not the right guy to ask. I’ve since doubled my money from $4ish but am still severely underwater with this trade.
I’ll tell you what I’m aware of....
Any major gap fill, if you’re a TA guy, or retraction in GDXJ makes JNUG a difficult etf to hold as downward percentages plus decay will not equal similar upside moves. So JNUG is not a good hold unless you firmly believe in a bull move of miners which could benefit in an increase in gold price and low oil as a operating cost savings. Many analysts have recently called for a 3k price in gold by 2021. Miners would clearly benefit from that move. Covid remains a wild card. Global Shutdown affect miners as well, which affects revenues. Many more factors can affect this trade.
Long story short:
If you want to play gold, trade the underlying index of these ETF’s, UGLD, or play a quality individual minor directly. This etf can bury you in a hurry if you’re not vigilant in taking profits. You could clearly miss a big gap up by taking profits but you’ll also avoid the decimation that took place a month ago. All food for thought. Good luck any way you go.
Huh?
$7.50/share at close yesterday
1:10 adjusts it to $75 at execution of the split, which was at 3am est this morning. Made the price $75/share and your shares at one tenth of what they were. Simply math. That’s it. That’s all. It will perform according tues to GDXJ at 2x with decay as alway. Follow GDXJ, that will tell you where JNUG will be on the daily.
Ignore my posts....I’m looking at that wrong. I didn’t take into account the 1 of the 10 left in the shareholder’s hand after split.
Doh!!
Getting so used to these funds screwing the shareholder, I instantly see red flags.
Correct but appears the fund is reorganizing the share count and stealing 10% for admin fees by executing these splits. Maybe I’m understanding this wrong but taking 10 and issuing 9 appears that 1 vanishing to the fund and is rebalanced thru opening share price on the 23rd of April.
1:10 but the fund only reduces shares by 90%. 10% bookie fee....
Power hour dump pre closing bell to avoid bookie juice. That would be my guess.
Now. Save the juice
You are correct
It’s as if you can see into my mind. Calling for $10 but sold at $8.
Bwa ha ha ha ha.
Good stuff.
Well put. Took some serious pain to get to that realization over the past 2 months. Big percentage drops are nonrecoverable unless the underlying index goes ballistic, which, utilizing the valuation of a basket of miners, will never happen.
Nothing will get NUGT back to $45 other than a reverse split. GDX would have to get to $90ish. Never.
Isn’t that the truth. They sure f’ed these up.
Just a shame this was adjusted to 2X leverage or, obviously, there would be a whole bunch more pudding in this two day pop.
Take it where you can get tho.
Yeah, they sure rigged the upside here after they let the bottom fall out. Tesla has higher percentage runs than this high risk, high reward(no longer), leveraged piece of garbage.
This traded at $12 on 3-16 when GDXJ was at today’s level of $35. Criminal. But still holding a heavy bag.
You’re calling for a 90% share decline from the current SP....
Timeline?
Miners would have to be decimated for that to happen near term. Even if markets retest the recent bottom, and the dollar runs, and PM’s get trucked, $10 post split NUGT won’t happen any time soon. With decay and other uncertainties, that possibility exists some day, but so does the possibility the Easter bunny will throw a gold bar thru my window. Macro odds.
Dependent on production capacity, but the obvious answer would be to supply countless gallons to every hospital in every major metropolitan area in the US via government funding, and retail the world thru their MLM sales and distribution network. Trustworthy marketing with a cronies sales push, should make this their number one seller.
Too bad they didn’t own shelf space in big box and major retailers, this could be a hefty ongoing revenue stream. With the current shortage, I would think the opportunities here are endless. Particularly given that their product is non-alcohol based and easier on hands. Proper marketing could blow this up.
Other than the fund stealing 10% from both sides, the split has no bearing on future price and direction. Inverse is splitting too, certainly they both can’t go down as a result of the r/s, that would be illogical.
All tongue-in-cheek.
Thanks for the link.
Could be a revenue saver...
Nice to see they are being proactive and transforming as quickly as possible during this. It would be nice to know what impact these new found revenues will have to their bottom line. Regardless, I think their valuation should be much higher here.
Integrity on a message board...better chance of seeing Bigfoot in Central Park.
Makes even more sense now for the fund managers to ignore the massive declines and let all these ETF’s accelerate to the downside then adjust the leverage to 2x at the bottom. Puts a ceiling on the upside and justifies the reverse splits due to maintainable minimum price principles. There is no money for Direxion without decay and reverse splits. Convergence to zero for all of these levered miner ETF’s, NUGT, JNUG, DUST, JDST regardless of how the underlying index is performing. The deck is stacked. Goal post is constantly moving. Rules written with disappearing ink.
Good luck.
Orchestrated theft without consequence.
And if I read correctly, they’re going to steal 10% admin fees from all vehicles for restructuring the share count and price. These people are modern day pirates.
....junior gold and silver miners. Levered 3x the underlying index, which was recently adjusted to 2x. There is also a decay factor here. It’s been bumpy since it fell from $105 to $4 during the recent market collapse. JDST is the inverse of this etf.
There is a lot more to it but that’s the jist of it. It’s not for the faint of heart and most will tell you to trade in and out of it daily. Steal gains where you can.
This typically track its underlying index GDXJ, which consists of a basket of junior mi
The reverse split doesn’t really change anything other than the perception of value. That is if Direxion doesn’t issue shares and mess with the leverage factor. Which they do....
So now we only have to get to $1000 a share to get where we were just six weeks ago. Seems doable.