Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This is nuts! Thoughts?
Premiumjava have a life line to this company still?
Ridiculous. What would ever launch this garbage? If not in this uncertain climate, when?
Why?
What’s up?
Boom shakalacka!
Thanks for some clarity. As much as I understand that, I still find myself ignoring a 5–10% gain in hopes of the 20% move, which has become similar to a Sasquatch sighting.
“Finally, look at a 5year weekly chart of $gold and a 5year weekly chart of NUGT. It won't keep up, period.”
That’s as clear of an indication as any to realize gold and NUGT run in different trajectories. Guessing becomes the trade if the mindset is to play gold thru JNUG or NUGT. I’ve been playing it that way for years and am lucky enough to be fairly unscathed to date. Certainly that money could have worked harder elsewhere however. Glty
Cheers to that. And yes I’ve seen it. And you’ve admitted the losses candidly.
I’ve held this and JNUG in increments far too long and have barely walked even a handful of times. Clearly I’m not playing it properly and don’t engulf myself the in TA aspects of scalping, which is why I tune in to you guys often. There always seems to be more upside to these runs, yet they fail time and time again. Seems more and more rigged when looking at how a gold run should impact miners, but I digress. This topic has been beaten to death.
Regardless of how you play this game, good luck to you boys.
If the mindset is to hold NUGT to ride a gold bull, why sell at all? A geopolitical event could, as it did a week ago, gap NUGT to a point where you could potentially miss substantial upside. A 5% swing is minuscule as we just saw the whipsaw effect of international headlines.
Clearly the scalping mindset offers a much different strategy. If there’s a better way to play a gold bull mentality with triple leverage, let me know.
Touché. Sensical.
Lazy question.....
When and why would miners outperform gold? Fundamentally or historically, what drives this or what indicators roll over to identify a reversal?
Touché. Sensical.
Lazy question.....
When and why would miners outperform gold? Fundamentally or historically, what drives this or what indicators roll over to identify a reversal?
Yeah, I understand the direct correlation to GDX, which is correlated to miners, who’s revenues are correlated more so and directly by the price gold. I was simply bridging the gap and showing how upside in gold tends to be spoken to as having no direct effect on NUGT, yet every time gold goes down it appears to have a direct and immediate amplified effect on the price of NUGT. Seems like a one way street to the ghetto is all.
Can’t imagine why I’ve traded this and JNUG for the past five years and find myself up a measly $5400 as a result of 50-100k holdings. Felt like this go around was going to be different.
GLTY.
There’s the hypocritical rub....
In the eyes of some NUGT isn’t suppose to run with gold, yet every time gold retracts, NUGT falls off a cliff and weeks worth of gains are wiped out in a session. So apparently NUGT only follows gold directly when gold moves are to the downside. Similar relationship to geopolitical events. Major news sends it relatively higher over several sessions, while something like presidential meandering can knock the bottom out of it instantly. 20% downswings come seemingly effortless, while 10% upswings are like getting a Clinton to tell the truth. Which is why this is a POS to hold.
JNUG and NUGT need to catch the f up. They’ve been lagging this gold move and handing back gains at every gold hiccup. Gold moves like this should yield 20% gains in these ETF’s, but no Bueno!!
Couldn’t get any worse!!!!!!!
7% day gone in a blink.....
Typical JNUG $hit tank
At the time of his divorce it was considered worthless stock. The company was and is currently defunct. That’s a momentary valuation. The judge isn’t going to say...well someday your company may be worth 100 billion so your wife gets 50 billion today. Bad logic.
Things have changed. Mediation is real. It may not be swift but we’ll soon find out if they decide to play ball or kick the can down the road. A Large settlement and royalties could create a new version of the once defunct company that could now be worth a significant amount to existing shareholders. A gamble that’s worth the risk at this point imo.
I must say you were eerily accurate this week....impressive!!
I hope you’re as such with your futuristic calls. Let’s go baby.
GLTA
As always....this garbage follows nothing. But will surely be magnified to the downside should gold take a hit. Junk.
A year later calling out another big bank for spoofing while getting a slap on the wrist for doing so, will do nothing to help nugt or jnug bagholders. It’s an endless game. Manipulation is winning and these ETF’s take your money both ways.
What’s the ticker these days? This company can’t still be trading?
Agreed. Good luck to us. There aren’t many of us left. Lol.
Fingers crossed. At this point it’s a lottery ticket.
Geopolitical catalyst yes, but gold began its run prior to the tariff propaganda. These decaying ETF’s simply suck to hold while gold sits and spins. Scalp and hope you’re on the right side.
So you’re saying there’s a chance....
Been holding, loading, and losing since 1996. Good ole CORX. Praying for any chance of the Ampakine molecules to do anything. Lost two houses in this company. Sons a bitching monkey number 12 sunk the CX717 ship.
The way biotechs have come back into favor and nootropics and cannabis have caught the attention of the mellinials and gen Z, you’d think mgt could find a way to dilute or marry an amp model to a suit a mainstream cognitive need. I’d try it! Hell I mentioned 20 years ago they should develop a focus-factor styled class of drugs/supplements that would at least generate a revenue stream until they could get a compound thru the FDA for specific modalities.
Word.
But will it ever get there again....that is what I need to know?
God I hope so....
I guess we’ll soon find out....
I don’t expect a positive bottom line but it should be improving. I’m sick of the compensations and extenuating circumstances that create continual losses, but a positive direction for driving revenues does exist here. At some point clearing Legislation to legalization of CBD based products will open the flood gates. Anything close to a repeat of October 2018 will make my day.
Yes ole....forward projecting real revenues trump historical losses every time.
Blue skies baby.
I love your positive disposition
Even money minus the candy
So now the real question is do you continue to hold and hope for what would finally be the gold bull run or do you bail here after such a huge and recent run up?
It was painful but came out the other end with some green. unfathomable when this thing was trading at $6 and change presplit.
I don’t tout this company but do believe there is plenty of upside and they have moved into the right space for profitability if management doesn’t fleece revenue thru compensations, but to say they would dilute at historic lows is ridiculous. If they were to dilute, they would pump this up somehow with a paid pr or hyped event and then do so. Be real.
I guess you and I are examples that real people do exist in this world of overly hyped social media look at me and my amazing life mentality in that I’m always happy and successful at everything that I do. What a world.
For me, failure teaches far more quickly and resonates much more deeply than ongoing successes. Cheers to keeping it real and continued successes with minimal fails. Bottoms up!
Thanks mo. I’ll regroup now and maybe reenter on any pullback as this appears to be the real McCoy. Now that’s a sickness. I said if I ever got back to even, I’d NEVER EVER look at this garbage again. Sick I tell ya.
You have a great weekend as well! Lobster on the menu for my $300 windfall.
I’ve become a master at trading these ETF’s .....
~Buy high
~Instantly go underwater
~Chase and average down every spike
~build an uncomfortable position
~hold for over 3 years and thru 3 reverse splits
-get nervous and liquidate 1/3 of your position at near all time lows
-slowly sell remaining shares as the longly anticipated bull run begins.
-cash out remaining share block for a $300 profit on a 100k investment
-write a book on the difference between sly patience and absolute stupidity.
I am the man!!!
Boom shacka lacka
Exactly. Colorado showing billion dollar cannabis revenues last year. Far Exceeded expectations. It’s simply a matter of time before all states join in and the fed steps aside. The tax base and revenue streams will be the driver for approved legislation. If YGYI has it’s feet firmly planted in this space, they will quickly take advantage of being early and proactive prior to this myriad of morality stalemate of state approvals.
Meanwhile, YGYI forges ahead with coffee contracts to supply additional revenue in the interim. Feels like a perfect storm for a serious run. Begging for another October 2018.