All things STOCKS

[95 Vol Alum]

It’s the opposite of JNUG. Price of gold goes down, JDST goes up. I highly suggest avoiding JDST right now lol.

That's a pretty loose analysis as they are a triple leveraged offering based on the daily returns of the junior gold miners index and not a straight commodity play. They both can destroy wealth pretty rapidly if held for anything longer than short/intraday trading as you appear to be doing.

There are miners shutting down operations due to COVID which eventually could run the index counter to gold very quickly.

Disclaimer: I do not hold any positions in JNUG or JDST. I do hold a small amount of GLD as a long term hedge.

 

[VolAllen]

That's a pretty loose analysis as they are a triple leveraged offering based on the daily returns of the junior gold miners index and not a straight commodity play. They both can destroy wealth pretty rapidly if held for anything longer than short/intraday trading as you appear to be doing.

There are miners shutting down operations due to COVID which eventually could run the index counter to gold very quickly.

Disclaimer: I do not hold any positions in JNUG or JDST. I do hold a small amount of GLD as a long term hedge.

I’ve played JNUG from 3.90 to 5, 5.40 to 6, and now 6 to ...

It took 4 days on the last run to go from $4 to $14. I’ll probably sell tomorrow. My positions have gotten smaller and smaller as the price went up. Made most of my money on the first play from 3.90 to 5. The most I can lose now is what I made on that first one.

 

[95 Vol Alum]

I’ve played JNUG from 3.90 to 5, 5.40 to 6, and now 6 to ...

It took 4 days on the last run to go from $4 to $14. I’ll probably sell tomorrow. My positions have gotten smaller and smaller as the price went up. Made most of my money on the first play from 3.90 to 5. The most I can lose now is what I made on that first one.

And in 2 days it went from roughly 13 to 4 (and went from 95 to 3 in less than 1 month). I'm not advising you do anything different - you seem comfortable with those risks. For others that don't have your experience, I was just cautioning and expanding on your high level analysis.

 

[VolAllen]

And in 2 days it went from roughly 13 to 4 (and went from 95 to 3 in less than 1 month). I'm not advising you do anything different - you seem comfortable with those risks. For others that don't have your experience, I was just cautioning and expanding on your high level analysis.

I wouldn’t have touched this thing at $95, or for $13. But at 3.50-4, it was a no brainer. Buy 1,000 shares at $4, you’re in for $4k. Set a stop loss at $3, lose $1k. But the potential upside was what? Runs to $7, $10, $14? That’s definitely a risk I’ll take.

 

[TheColdVolTruth]

JDST

What about this? Will it just drop to 0 and fade into oblivion / can you explain how it is associated with JNUG ?

It will not just drop to 0. It will reverse split to 100 and drop much farther as many 3x leveraged ETFs do over time.

 

[Freak]

If anyone likes to look at dividend aristocrats, I keep a spreadsheet and sorted the top 25 by yield.

*For entertainment purposes only.

 

[Thunder Good-Oil]

Dart Container and Koch Industries are selling massive amounts of disposable take out food packaging. I smell a conspiracy. Koch also makes toilet paper. Both are privately owned. But Waste Management (WM) owns and operates the landfills that all that trash is headed to.

 

[Thunder Good-Oil]

If anyone likes to look at dividend aristocrats, I keep a spreadsheet and sorted the top 25 by yield.

*For entertainment purposes only.

View attachment 268232

The dividend coverage ratio would be a useful column to add. EPS divided by dividend/share. You've got the data there if you convert the P/E to EPS.

 

[Freak]

The dividend coverage ratio would be a useful column to add. EPS divided by dividend/share. You've got the data there if you convert the P/E to EPS.

 

[Freak]

Not sure how accurate. I get the data from finviz. The forward earnings projections seem like nothing more than a shot in the dark at this point.

And obviously the payout ratio calculations would be different for REITs such as O and FRT.

 

[Thunder Good-Oil]

View attachment 268242

Watch out Chevron!

 

[Big Gucci Sosa]

Markets are green across the globe right now.

 

[#JuanVol]

What trading site does everyone use? I’ve been told to use Robinhood by some friends.

 

[Big Gucci Sosa]

What trading site does everyone use? I’ve been told to use Robinhood by some friends.

What do you want to do with it? RH is user friendly but has some issues. I would recommend webull or tda

 

[Volbucky]

What trading site does everyone use? I’ve been told to use Robinhood by some friends.

Schwab is user friendly

 

[BigOrangeMojo]

What trading site does everyone use? I’ve been told to use Robinhood by some friends.

Etrade here

I think Schwab, TDA and Etrade are better than Robin Hood

 

[Freak]

Robinhood’s app is probably the simplest and has best designed phone app, imo. They had a couple of outages recently which caused them to catch a lot of grief, but unless you’re day trading I’m not sure it’s the end of the world and it seems to have been an isolated event due to the high volume of the recent crash.

Schwab, TD Ameritrade and Fidelity are higher quality and more reliable, but if you like using primarily your phone, the Robinhood app is really hard to beat in my opinion. It’s very well designed and user friendly. I’ve also heard good things about Webull and m1finance.

 

[VolAllen]

Well well, the bill passed. JNUG should keep running.

 

[YankeeVol]

What trading site does everyone use? I’ve been told to use Robinhood by some friends.

Fidelity. For about 15 years now

 

[SpringBokVol]

I use Merrill Edge

I like the Bull

 

[Big Gucci Sosa]

 

[BigOrangeMojo]

Wife is happy. The Company she works for does a lot of the Employee Retention Credit work for larger companies and that section got added to the bill late last night.

 

[lmoore944]

Perfect timing to offset the unemployment that should keep the markets in green.

 

[BigOrangeMojo]

A bit afraid you will see huge unemployment spikes (and a longer period of higher unemployment) since it will be better for a lot of employees to stay unemployed financially.

 

[VolAllen]

I might be out on my own here, but I really don’t expect the unemployment #’s to be that bad.