Still have a target of 500? Or has it dropped to 250? Still watching and learning as always...
bcpa2010 and TVIX mathematics
by cynical_guyy • Mar 11, 2013 12:36 PM
“Stupid is as stupid does.”
-- Forest Gump, 1994
Call me cynical, but I’ve always been intolerant to intolerance.
This morning I posted a brief explanation of why I chose this morning, of all mornings, to short TVIX for the fourth time.
There were two mathematical reasons: highs in contango and premium. None of this “I’ve got a feeling”, “it just can’t go any lower”, or “it’s due to pop”.
I was rewarded by bcpa2010 with this comment:
“What a stupid decsion. Watch out for your loss”
Digame, amigo. Why was my decision “stupid”? I have yet to cover a share since January. Were those decisions to short stupid as well?
Now, let’s examine stupidity, shall we???
bpca2012 • Mar 9, 2013 12:17 PM
I'm glad that you have 17000 shares at that cheap price. Trust me, TVIX will never fall below $4.... We may see $6-$7 next week. Congras,
bpca2012 • Mar 8, 2013 1:53
Agreed! This market is like a ballon now. Will see 20 - 50% correction soon. TVIX = $500 by December
bpca2012 • Mar 6, 2013 2:16 PM
TVIX will never drop below $4 (I'm 100% sure). Only up from here. $40+ by June
bpca2012 • Mar 1, 2013 11:45 AM
TVIX = $250 by December
by bpca2012 • Mar 1, 2013 11:12 AM
This is a good chance to earn fast money. TVIX = $9 or $10 by next Friday
In summary, on March 1 you predicted 9-10 by Friday and 250 by December.
On March 6 you stated with 100% certainty that TVIX will NEVER drop below $4. Oh and $40 by June.
March 8, fuggedabout the Dec 250 prediction. Now we’re bullish to $500!!!
Do YOU understand that predicting UVXY is mathematical???
That I can guarantee you 100% that TVIX will fall below 4/share. It just did as I composed this missive. And absent another reverse split, will, with 100% certainty, fall below