Anyone who followed me got start positions around the current bottom recently (yesterday) on JDST in low 30's. I'm already in green this morning, too.
Congrats people!! and ignore the rude & negative diatribe from any losers here posting idiotic comments. We're making money & living well (as usual again), so the rude posters can just learn to live with those facts.
I started a position in JDST this afternoon (36 area). Will add scale-in 1-2 more times if it goes lower into 20's. I'm going with JDST this time instead of DUST because of higher beta & the fact GDXJ is more overbought (or becoming more overbought) than GDX this time.
I see 45+ minimum on JDST later on. Likely 50-60 when it rebounds. My short term trade is simply based on a minimum bullish retracement of GDXJ (-10-12%) toward 20 day average, & that will happen, it always does even if one believes miners are on bullish trend. not counting potential avg down on JDST, this trade will make approx 30-36%. If averaged down under 30, JDST will make 40-50%+ using the presumption of GDXJ eventually retracing to 20 day avg.
Even if one is bullish miners longer term, this trade is sensibly based regardless. (& I was the one who said buy NUGT last month & buy DGAZ, which all were good short term trades).
I always use this minimum 20 day avg retracement model for short term trading (& only buy on big sell offs), it always pays off because the sell off (this time in gold miners) does not have to be very large to make large % gains on JDST (or DUST).
A proper scale-in strategy & patience will make another great 'contrarian' swing trade, such that I typically do. (and post history proves all I say).
Steind76--- You're a CLOWN because you are a relentless psychopath that posts over and over all day everyday the same garbage, & you continue to post to me, pestering me for attention. You are a clown because you think gold will be "worth zero in 3 years"... which is foolish even if you're a bear on gold. Zero value on silver/gild is impossible....
YES, YOU'RE A CLOWN, A LOSER, A PSYCHOPATH!!!!! A loser who does not stop posting same garbage over and over again!!!!!
Stop replying to my posts, I'm tired of you trying for my attention everyday. Go away!!
fine!! I traded out of DGAZ today near 3.48 (bought pre-market as posted here today @ 2.57). i'll re-invest my DGAZ 35.4% gain today into DGAZ if it drops more temporarily as soon as Thursday. so I'm hoping i get another opportunity to buy back into DGAZ....
and then DGAZ will be a rock star back above 4-5+ once all the hype of nat gas is over with this month.
----And my track record on DGAZ/UGAZ is exemplary (as post history proves it), so what ever anyone else thinks matters not.
While you're giving credit to certain political names, especially Bill Clinton, please don't forget (as is typically common) that all the major good legislative things in the 90's occurred thru a Republican Congress (Gingrich as speaker) & thru "bi-partisanship". As an example, there never would have been fiscal responsibility & a balanced budget thru 2000 had Gingrich not fought for it with Democrats, which Bill Clinton simply signed into law. Keep that Fact(s) in mind.
and the shorts are here in full force attempting to promote their short interests!
Judging by all the intense bashing here on NVLX, it must mean it it probably is a buy??
nothing exactly. He's just another 'paid' promoter here to bash the stock for his benefit of attempt at manipulation. The fact this board is swarmed with basher clowns seems to me is a very good contrarian type sign. We may see huge upside in near future. As a trader I'm currently only basing my trade on likelihood of near term target rebound to .13-.15, but it would not surprise me to see NVLX soon toward .20+ if the right news & hype gets behind it.
I'm still in light for JDST. I'm saving yet most of my intended scale-in $$$$ for JDST upon more oversold levels (maybe 20's if we're so lucky).
Good luck people, or good trading))
Patience will pay off here later.
your name says it all--- DorKnob!! LOL
But fact is, you're the jerk who came here a few days ago and has only been starting garbage trash talk to me, so that's the fact I've been pointing out from day one about you. All my posts are in defense of your garbage to me.... and I keep telling you to take your trash elsewhere, as you are not constructive or a person of moral speaking. And again: I've averaged 40% on my swing trades of these 3x funds, so you don't know what you're talking about or about who you bash. Compute that monthly over the last year, & I'm sure that adds up to an annual return you can only dream of (and my post history all last year proves this). So please, stop pestering me & others here with your garbage & rude self-predicating smart talk.
**No more do I plan to dignify your garbage with a response. Everyone here clearly does not like your behavior along with me & you are a total waste of time.
Just posting fact. Clinton;s Presidential accomplishments have been hugely blown out of proportion over the years. While he's far better than Obama and was more reasonable of a leader, it was the GOP lead Newt Gingrich Congress that is lacking in huge credit for most of the good things from the late 90's.
don't say I didn't tip you people early enough!! I'm in since .10.
Ignore the bashers here. NVLX is a worthwhile "Short term" trade likely brewing now.
I think almost a 99% chance we saw bottom Friday near 5.61 before Feb earnings. People better get some HERO while it is still under 5.80 (or even 6)
I can understand your feelings on Dorknob, but yes we'll ignore after today.... And the Comex issues have been there a long time & it does not mean a reversion back toward 20 or 50 day average on Jr gold miners won't happen--- it has to eventually in near future, and it always does. This is the millionth time I've heard this about a trade when it looks 'scary'. i was the one buying DGAZ & NUGT in December when 99% of people said same thing to me. When you listen to your emotional fear, you lose every time & you will miss this JDST trade i assure you. My trade strategy in prior posts here has explained this well, see the sense in it. My trade expectation does not call for a gold crash, just a bullish retracement pattern due in miners (same rationale I did on Nat Gas - DGAZ short in December, & as scary as it was it did great).... Just think short term for strategy.
I do believe the JDST offers tremendous short term upside soon after it's done correcting, so patient scaling in going forward now & on anymore weakness should reap rewards later. It is down more significantly than any 3x fund i can remember following. Today's 36 pps is 26+% below the 9 day SMA... That's unbelievable. My trade is for reversion to an avg mean, so potential is huge... And Good luck to you also
About a 90% chance GDXJ is near overbought top area, but don't overestimate current run of gold miners yet.. plan on possibly adding in 20's yet on JDST.
Yes, I'm looking at DGAZ under 6.50. Waiting on possible weakness yet on Thursday (1/23/14) inventory report, then if weaker, I'll start to scale-in on DGAZ for short term trade again. (see my prior post history since today)