Direxion Daily Gold Miners Bull 2X (NUGT)

[dude iligence]

Decay such a nice word for dilution. All the 3X leveraged ETF's are basically smoke and mirrors. Direxion just uses poorer quality glass and some substitute for the silver. The smoke they use is old tires they burn. Thats why the Direxion funds do 10/1 r/s about every major Federal holiday. As soon as NUGT does the r/s is will magically lose about 20% of its value in a week or two. If we could short these POS Direxion funds we would never have to do anything else again. Just sit back and watch you account go up in value with a steady stream of income. They are good short term trading vehicles when there is a major trend reversal, large market movements and lots of volatility. The good thing about the ETF's is lots of big money players which means instant in and instant out when you hit the execute button. No partial fill and then the mm moves the bid or waiting 5 mins while the mm decides how to best screw you. If you can successfully trade diluted POS penny stocks you can trade 3X leverage ETF's.