Direxion Daily Gold Miners Bull 2X (NUGT)

[dude iligence]

Dilution is an increase in shares, increase in float. Everything you describe meets the definition of dilution. Dilution is a bad word so they came up with a nicer sounding set of terms Decay. I think Rot would be a better word to describe it. As long as you don't get on the wrong side of these Rot Monsters. I flipped out of NUGT for the third time since June into DUST on Friday. I think NUGT $6-7 is a good initial target to pull back to.


http://stockcharts.com/h-sc/ui?s=NUGT&p=D&yr=0&mn=3&dy=0&id=p36332061978


DUST in the $60's would be a good place to sell.

http://stockcharts.com/h-sc/ui?s=NUGT&p=D&yr=0&mn=3&dy=0&id=p36332061978

Now if the Goldbuggers get all excited and start buying tomorrow my stop on DUST might trigger and dot me out into cash. Personally I could care less if the play is long or short as long as the volatility and movement are there.