Idleweiss the WEASLE ! Did I call it ? sub 2$ ! thanks to the beautiful Gas Storage report today.
NG chart closed at the support level that I've mentionned ( 1.97$ ).
Now with this latest storage report, down she will go even further and you will see the reverse split this month....WATCH !
And going back with the math topic !
The gentlement was laying out and showing the decay on HNU,describing over time how this garbage ETF is.
Which I 've mentionned in words in the pass , that it's the worst ETF out there .
He did it with arithmetics,which was insightful.
So today ,NG closed at ( -2.9% ) so using the ( x 2 leverage ) it should be =
( 5.8% ) drop ! but HNU closed at ( - 6.37 % ) .
And that proves my point with the 2x calculation on the SP does not always add up, due to the compound effects of HNU and HND.
So I don't really care about the math , the chart is more of an insightful tool to guide me, and the math will take care of itself .
With these ETFs , I just multiply the % by 2 to give me guidance where the SP will open. But the chart will guide my investment.
Now it's time fore me to reschedule a day to sign autographs in front of the TSX .
But I'll do it after they announce the reverse split........