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StockItOut

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Re: Meticulous1 post# 19376

Saturday, 03/28/2020 9:14:09 PM

Saturday, March 28, 2020 9:14:09 PM

Post# of 20548
Agree. $24 seems very probable. $22, even $20 on GDXJ seem decent chance too.
20% drop to $24 is around 40% drop on JNUG (assuming 2X leverage, not three). JNUG currently at $4.61 down 40% resolves to $2.77. Although JNUG is 3X for two more days, it seemed like it was pretty much already moving and trading at closer to 2X last several days.

GDXJ daily chart
http://schrts.co/MamcDBvt
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