Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

FUN WITH MATH...

One claims to have bought in "before the breakout" in NUGT. I will give that person the benefit of the doubt that their entry price is the exact low of $27.33 before said breakout.

I will then eliminate AH's pricing and state the high of regular hours at $36.84. That is a gain of $9.51 which is a 34.8% gain at one point...which is now only a 14.6% gain using closing price of today. Again, almost 2/3rds.

MORE FUN...

I will then use YESTERDAY'S closing price of $35.40 in my calculations. That is still a gain of $8.07 which is a 29.5% gain, which is now only 14.6% as of close. A mere 50% haircut in one day.

But, I digress....I'm the one bad at math??? LOL

If you REALLY bought in BEFORE the NUGT breakout, it's ONLY possible you bought within this box...