Is CONL a good stock to invest in?

**GraniteShares 2x Long COIN Daily ETF (CONL) is not a good stock to invest in for the following reasons**:

1. **Performance Issues**: CONL has experienced significant volatility and underperformance compared to Coinbase (COIN). Since April, CONL has produced a negative 8x return against COIN, indicating a decline in value. This suggests that the leverage provided by the ETF may not be beneficial in the absence of a strong uptrend.
2. **Leverage Risk**: The 2x leverage of CONL amplifies the daily price movements of Coinbase. While this can lead to gains in a trending market, it also increases losses in a volatile or range-bound market. The ETF's performance decay over time without a strong uptrend is evident.
3. **Market Sentiment and Trading Volume**: There has been a significant gap up in the stock price of CONL, which may indicate a bullish sentiment. However, the trading volume has shown a decline, which could suggest a lack of investor interest or confidence in the ETF's performance.
4. **Financials**: There is no available data on the revenue and net income of CONL, which is a red flag for investors trying to assess the financial health of the ETF. The absence of growth rate data also prevents a comprehensive analysis of the ETF's performance trends.
5. **Strategic Positioning**: The ETF's strategic positioning as a leveraged investment in Coinbase is complicated by the fact that long-term investors are advised to buy COIN directly and wait for a confirmed uptrend before considering CONL for short-term trades. This suggests that the ETF may not be suitable for long-term investors.

In conclusion, the risks associated with CONL, including its performance issues, leverage risk, and lack of financial data, make it an unappealing investment option. Investors should consider these factors before investing in the ETF.