Loading ...Long JNUG Here….Why?
I thought some further explanation was warranted. See my JDST chart below. Ultimately being long JDST is where the bigger move will be but the odds are really favorable for a JNUG bounce here and it may be much bigger than you suspect. It’s also oddly comforting that no one else is openly supporting this view….my most profitable trades seem to occur when 99% of the folks are crowded into the other side of the room….hehe
I think your likely right but I rarely do well in these counter trend trades. Think I’ll just keep taking nibbles of DUST & JDST as that right shoulder fills in to build a position.
You make a compelling case. I was in JNUG a little bit but then I didn’t like the post 3 o’clock action and tried to move back short. However, scottrade wouldn’t cooperate and I am stuck part short and part long (ha, ha). At least I can’t lose too much in either direction! Anyone else have trouble with scottrade today?
I think the test of 1130 (what I have been waiting for) will be the smell test, if it holds and gold rallies off th nov low then the miners may catch a bid. But do they ever suck…
http://schrts.co/IeRq8u