MrJohnRoss' Account Talk

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Should You Buy Triple Exposure to Gold Miners With NUGT Before It Splits? ~ Seeking Alpha

"... Briefly, What Will Happen to Your Holdings:
First, this reverse split will be conducted at a ratio of 1 for 10 and will apply to shareholders of record at the close of the markets on August 19, 2013, and will begin trading at the adjusted price August 20, 2013. The ticker symbol for the fund will not change. The reverse split will increase the price per share of the fund with a proportionate decrease in the number of shares outstanding. In a 1 for 10 reverse split, every ten pre-split shares held by a shareholder will result in the receipt of one post-split share, which will be priced ten times higher than the value of the pre-split share.... "

Just a little info FYI.
 
GUCHI said:
Mr JR question does the dome top mean anythin? i know it does i guess im asking what? it looks like it is dropping but i read somewhere here on this forum that the I looked to be moving up in the next 12-24 months. i would just be in heaven to see the I start catching up since i have been buying I shares for awhile hoping for the move up eventually.
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I haven't looked it up in Invetopedia or anything, but I believe a dome top is the appearance of a "massive topping action".
 
MrJohnRoss...BTW, the NUGT/DUST system is still holding NUGT.

:nuts:
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Thanks for the graph in post below. Should've jumped in yesterday morning, but didn't and it's history now. Don't want to chase the NUGT rocket with price approaching upper BB. I'll try to catch the next DUST signal and jump on this roller coaster !!
 
I was tempted to buy into the I Fund yesterday, but wanted to hold off for a better entry point. Also, the S&P had been slowly sloping down in the past week, which was a big concern.

With today's heavy market sell-off, I'm feeling good that I didn't make a rash decision. Still holding the G Fund.
 
Dutchy said:
Seems NUGT hit some resistance at about 8.60. Are we in consolation mode now for the next push higher ???
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Yes, that's a good way to put it. Acting very volatile today, so it's tough to make a call on switching without getting whipsawed. We'll just have to wait and see how the rest of the morning and the remainder of the day plays out.
 
After no clear direction on SRTY for the past week or so, I decided to buy a little SRTY this morning. Buy price $16.58. We finally have a breakout in the same direction of the market. With the market slowly drifting down this last week, the R2K held up pretty well, which was surprising to me, and why I didn't buy in sooner, even though the Stoch and PPO were climbing higher.


SRTY.png
 
sniper said:
man, i knew i shoulda bought me some tza lol. the SIL has been working nice so far though.
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Don't read the following message, because I've been snake bitten all year:

"You're not too late, IMHO. SRTY is just getting started."

BTW... AGQ and NUGT are screaming alongside your SIL today. :)
 
Bot DUST at $56 earlier today, got sucked in - ouch! Should have been patient and waited on MrJohnRoss, perhaps it will turnaround within the next couple of days. I still think Gold is going down sometime into mid Sept, how far, don't know, maybe "they" (you know em) are trying to shake the shorts out, I can't figure the rise given the news on various entities reducing their holdings in GLD, et.al. Gotta keep reading, studying, pluggin away. Everyone's input and comments are very helpful and instructive:-)
 
buffalobull said:
Bot DUST at $56 earlier today, got sucked in - ouch! Should have been patient and waited on MrJohnRoss, perhaps it will turnaround within the next couple of days. I still think Gold is going down sometime into mid Sept, how far, don't know, maybe "they" (you know em) are trying to shake the shorts out, I can't figure the rise given the news on various entities reducing their holdings in GLD, et.al. Gotta keep reading, studying, pluggin away. Everyone's input and comments are very helpful and instructive:-)
Click to expand...

Sorry you got on the wrong side of the trade, buffalo. We've gone awfully far, awfully fast riding NUGT today. Wouldn't be surprised to see a sell off soon. If we do, how long it lasts is anyone's guess.

The market will tell us when and for how long. I'll post any changes that I see here on my thread.

Good luck!
 
Thanks, appreciate that. We lives and we learns:D

MrJohnRoss said:
Sorry you got on the wrong side of the trade, buffalo. We've gone awfully far, awfully fast riding NUGT today. Wouldn't be surprised to see a sell off soon. If we do, how long it lasts is anyone's guess.

The market will tell us when and for how long. I'll post any changes that I see here on my thread.

Good luck!
Click to expand...
 
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