I already traded BRZU (EWZ) 2 weeks ago, as posted here October 6. I made 50% approx in less than 3 days.
I am now looking at BRZU again soon. Another huge 'quick' trade to made here on new oversold metrics.
That XIV "Scam", made me over 20% since last week. Entered 26, & 24. Now 30+ (as I prospected and posted last week).
You are mistakenly labeling ETF funds which you do not understand as "scams". Just because you are NAIVE about trading an ETF, does not make it a scam. The only scam here is YOU rtreed77
I agree. XIV = 26 after hrs, & 24 earlier, all good areas to start position. It'll be back into 30's for at least a quick rebound.
but you're no better than the bashers when you pump & raise a big hoopla over an after hours trade of only 100 shares
ok, understood)) And your post brings up a basic point in general, which is don't hold 3x funds long term. They're only shorter term type tools. Rev split in any event short or long term is irrelevant. Lesson & rule is just don't invest long term in 3x funds. Decay is same regardless of rev splits and reason not to be in them long term has nothing to do with rev splits.
Why?? No panic yet. Or are you fear mongering??
They just recently entered under 1.00. A rev split not a problem unless they sustain under 1.00 for 6 months or maybe a year. NASDAQ gives companies at least 1 year (2 - six month probation periods) to fis the under 1.00 issue. This company needs to be under 1.00 30 days just to get first warning.
YOU ARE WAY TOO EARLY WITH THAT REV SPLIT TALK.
Additionally, this company has a lot of good catalysts in the pipeline next few months, so a decent chance this gets back to 1.00+ status.
**you should be looking at buying here near .80. I am considering it.
Sell off recently becoming overblown into 1.30's. A nice potential swing trade to be had here.
They have enough cash ion the near term, and they got future catalysts that are positive by my speculation.
3x Funds or any ETF/ETN DO NOT operate and function in same manner as typical common stock shares.
I agree that rev splits are bad when referring to standard common stock shares... But whenever 3x funds do any splits, the market cap stays same in a split basis and all daily movements are based on the underlying fund based structure.
Before, during, after an effective split, the 3x fund will move the same % each day correlated to its underlying product (GASL = FCG).
For example, I traded thru NUGT & DUST last year in August 2013 when they went thru Rev & Forward Splits, and there was no affect. They moved only on the GDX miners performance % was same on the $$$$ invested into them during the split processes. The # shares & price converted, but the capitalization of the Fund & invested $$$ stayed same and thus moved only based on GDX movement for NUGT & DUST.
Rev split talk on ETF/ETNs is for naive and inexperienced people.
Yahoo must've erased my msg prior to you about GASL.
Anyhow--- Expectations are excessive to the bottoms or to the tops, so i'd be careful about that 77/barrel calculation, it may affect you missing out on a good swing trade. Analysts are often wrong on what they predict. You have to coordinate your thinking to beat the mass herd.
I traded that last swing up back in September, and have started to re-enter since 20 approx. I'm accumulating GASL again for a Winter trade same as I am planning to do with UGAZ @ 13's or less. Eventually I see GASL going back to 30's+, maybe 40-50.
I posted to you somewhere a while back on this subject & I gave you a very specific response, yet you post this as if you didn't see it or follow what I said. Did you not see my post or are you really 'thick headed'??
So i will REPEAT some of it for you AGAIN:
GASL is based upon NAT GAS stocks (with some being coincidentally exposed to oil stock companies, too). GASL is not based on Nat Gas the same way as UGAZ!
GASL tends to follow UGAZ in trend with a delay of a few weeks most of the time. Look at the charts. The movement in Spring-Summer also shows this. UGAZ dropped before GASL.
Also, because GASL is based on stocks, they can also move independently from nat gas or oil & move with the Dow Jones, which has also been falling lately along with GASL.
You can not quote just a couple stocks and expect GASL to mimic them. Best way to prove it to you is to compare GASL to FCG fund.... which is nat gas based companies, NOT THE COMMODITY.
I sold, too. Will recycle profits into next pull back for new core position. Was big difference today doubling down @ 8's.
We were right to buy on lows before Fed meeting. i got avg near 9.92 approx now on JNUG.
My anticipation of $USD pulling back along with $GVZ also correlating with my thesis.
I've been thru worse also--- believe it or not. I had to tough out JDST back in Feb-March at an avg of 18's (I started too early) and was down as much as -33% before it turned back into 20's+.
I believe staying ahead of 20 day average for overall avg along with buying on the big drops days significantly below the 9 day average eventually will pay off. I don;t see why we won't pop back to at least 12+ at some point