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re: Stocks on your watch list
Posted on 7/27/20 at 2:35 pm to TigerHouTexas
Posted on 7/27/20 at 2:35 pm to TigerHouTexas
quote:
The JNUG ETF is designed to provide 2x-levered exposure to the Market Vectors Junior Gold Miners Index. In other words, it provides leveraged exposure to gold mining stocks, which should perform much better when gold prices rise. Unfortunately, the biggest problem with funds like the JNUG is contango.
Since these types of leveraged funds are constantly rolling over their futures contracts, they are constantly losing value. Forward-month contracts are almost always more expensive than current-month contracts. In other words, JNUG is constantly selling lower-priced expiring contracts and buying higher-priced futures contracts to replace them.
quote:
The JNUG ETF is designed for day trading, which is essentially gambling unless you are a professional. Buying and holding the JNUG ETF for more than a few days at a time is essentially flushing money down the toilet.
This post was edited on 7/27/20 at 2:36 pm
Posted on 7/27/20 at 2:40 pm to cgrand
Thanks. I guess, green is green as long as I’m not trying to hold long term and keep my stop loss up-to-date. Appreciate the insight.
Posted on 7/27/20 at 2:41 pm to cgrand
When in Sasol going to make a run again? I got in around $4.80 and it was shooting up for a good while but has been in the $8-$9 range for forever.
I'm a small fry here and just kinda testing the waters with a bit, one of those Robinhood guys ya'll hate so much but SSL is my biggest hold.
It seems like I remember seeing estimates of it getting around $20 share, any thoughts on if $15 or more is even a possibility in the next year or so?
I'm a small fry here and just kinda testing the waters with a bit, one of those Robinhood guys ya'll hate so much but SSL is my biggest hold.
It seems like I remember seeing estimates of it getting around $20 share, any thoughts on if $15 or more is even a possibility in the next year or so?
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