Ideally, they would want to make 10% profit off of JNUG reverse split too. So, both markets will play along...
Next week its time to start buying JDST under $30!!!! Unless you think GOLD is going to break out above $1200 DO NOT BUY JDST!!!
I think JSDT under $30 is too low. This will be a play where I'm fading NUGT, so I'll be watching NUGT more closely. The moment it (NUGT) hits 33.2, I'm in (DUST)!! (Of course, I'm really praying it doesn't happen today. I really hate holding stocks into the weekend...)
Shit!! My target was breached. Went into DUST as it happened. I'll try to enjoy this weekend nevertheless...
I totally missed out on NUGT, I love it under $2.75 and post split that meant $27.50 where I should have gone in.....thats why I think there is a little bit more upside then its time to get into JDST which I only like to buy under $9 so post split around $36 but holding out for $30 or less to get in
Sold another 1/3 of my NUGT that I bought around $3.70 pre split, got rid of it at $41, so tempted to jump into JDST right now, I usually trade JDST around $9-$10, which would be around $36-$40 post split so seeing it under $28 is extremely tempting... Its low was around Mid May May 14, 2015 6.55 6.83 6.25 6.78 2,008,300 108.48 Aside from the that really want to wait until gold breaks 1200 before I buy, I think I could get in under $20 at that point!
Too easy to figure this game out. I only bought into DUST earlier this month b/c my chart was messed up as a result of the split, so I couldn't see the uber-bullish condition in NUGT. Anyways, to make the story short, I bailed out of DUST soon after. Been tracking DUST for re-entry in what seemed like forever. But, DUST will go down to $9-$10, then rally back to $20. And I am 100% confident this will play out EXACTLY as described here b/c you can mess up my intraday chart with your reverse split, but you can't lie on the daily chart! DUST should hit $20 again by mid November...
Personally, I think both NUGT and DUST intraday charts look like a pile o doo-doo. There isn't a reason for either to go up majorly. We're currently in a micro-scalpers market for both. There will be the ocassional 10-15% swing. But rest assured, a strong signal will appear one of these days just like the one for NUGT late last month that will send the chart hosting it to the moon...