Posted by CopperMtn on 1st of Sep 2011 at 12:42 pm
Daily DUST volume of 46,000 shares seems really,really low.
Hourly is 8,000 shares. Might make it tough (painful) to get out if
GDX breaks up. I am trading a 401(k) brokerage account and can't
short. Any other inverse tools (preferably not leveraged) that one
can use to short GDX? I looked at SPPIX but it is a fund and only
trades on the close.
Posted by dukeseegers on 1st of Sep 2011 at 03:05 pm
You know something I don't? Haven't heard about GDX breaking up.
I have a couple of DUST positions and thinking I'll stick to GDX in
the future because of the much better volume...
Posted by CopperMtn on 1st of Sep 2011 at 03:14 pm
the "break up" I was referring to was a break up through the
rising wedge pattern noted in the 60-min chart. I did not mean to
suggest that GDX was dissolving as an ETF.
DUST has very low volume and my concern was that if GDX broke up
through the triangle, there might be a rush to get out which means
it would be tough to get a good execution (price) on the sell
order.
Anybody here trade DUST?
GDX 60
Posted by kalinm on 1st of Sep 2011 at 12:33 pm
The 2x inverse gold miner etf? Thoughts on buying and holding that etf? Liquidity?
I was about to ask the same thing.
Posted by CopperMtn on 1st of Sep 2011 at 12:42 pm
Daily DUST volume of 46,000 shares seems really,really low. Hourly is 8,000 shares. Might make it tough (painful) to get out if GDX breaks up. I am trading a 401(k) brokerage account and can't short. Any other inverse tools (preferably not leveraged) that one can use to short GDX? I looked at SPPIX but it is a fund and only trades on the close.
Might make it tough (painful) to get out if GDX breaks up
Posted by dukeseegers on 1st of Sep 2011 at 03:05 pm
You know something I don't? Haven't heard about GDX breaking up. I have a couple of DUST positions and thinking I'll stick to GDX in the future because of the much better volume...
sorry for not being clear...
Posted by CopperMtn on 1st of Sep 2011 at 03:14 pm
the "break up" I was referring to was a break up through the rising wedge pattern noted in the 60-min chart. I did not mean to suggest that GDX was dissolving as an ETF.
DUST has very low volume and my concern was that if GDX broke up through the triangle, there might be a rush to get out which means it would be tough to get a good execution (price) on the sell order.
Sorry if there was confusion by my post.
Thanks...
Posted by dukeseegers on 1st of Sep 2011 at 04:01 pm
Thanks...