Replies to post #3319 on Direxion Daily Gold Miners Bull 2X (NUGT)

[kajulie]

This isn't a penny stock, it's a 3X leveraged ETF. Institutions are well aware of that. I trade DUST and NUGT every day, although they are the inverse of each other and track the same index, the higher price ETF is more difficult to day trade due to spread and lower volume. NUGT will be the same way after the R/S until they bring it back down under $50 or so. That doesn't mean anyone will stop trading it, it just means they'll have to make some adjustments to their strategy. It's not a big deal, and I never said it was. I think you misunderstood my comments, but I doubt the instituitions were staying away from it. ALGOS are all over this regardless of the price or split. I do have to disagree with your comment about it moving with gold. There is more to it than that. NUGT/DUST seeks 300% of the performance of the NYSE Arca Gold MINERS index.