Direxion Daily Gold Miners Bull 2X (NUGT)

[ospreyeye]

I disagree.......the RS will not effect the trading of NUGT.....on the contrary an RS may attract more big money players......having dropped to penny stock levels, $5, I see why NUGT is Having a reverse spilt......

Look @ DUST........it trades just like NUGT except it's @ $45 & not $10......it was just @ $165 & dropped to $45.......the trading of ETF's isn't effected by a RS like common stocks........an RS can be detrimental to most stocks, but many ETF's I've seen RS continue to trade well........

NUGT moves when gold moves regardless of it's share price.......the % swings are the same whether the stock is @ $5 or @ $50.........many institutions won't touch penny stocks......trading at a higher valuation should attract more money to the ETF.......

Unlike some ETF's the gold trade will alway's be in play..........NUGT & DUST aren't obscure ETF's........on the contrary they track the most prized commodity on the planet........$$$