Buying JNUG and TZA
A month ago we bought JNUG and TZA.
A week later we sold the JNUG position for a 26% gain.
JNUG continued much higher, to 61% above our purchase price.
It subsequently plunged and is now at $55.00 which is 12% below where we last bought it, and almost 29% below where we subsequently sold it shortly thereafter.
We're now buying it back.
TZA traded as much as 25% higher shortly after our last purchase, linked above, however now it's a little lower than what we paid in September.
We'll add another position once it trades back above $41.20
It's currently trading at $40.40
A week later we sold the JNUG position for a 26% gain.
JNUG continued much higher, to 61% above our purchase price.
It subsequently plunged and is now at $55.00 which is 12% below where we last bought it, and almost 29% below where we subsequently sold it shortly thereafter.
We're now buying it back.
TZA traded as much as 25% higher shortly after our last purchase, linked above, however now it's a little lower than what we paid in September.
We'll add another position once it trades back above $41.20
It's currently trading at $40.40
posted by C. Guinness @ 12:37 PM
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