So you're buying TVIX when spot VIX is sitting 10% below front month, and contango (which eats this thing alive) from front month to back month is at a wicked 12.6%. Gee, seems smart to me.
I know, I think we should rename him "wrong way bari". I mean, you couldn't get more picks wrong if you were actually TRYING to be an idiot.
He really is a pathetic buffoon, isn't he? He and his 37 other aliases. Where's berchik anyway, with his constant calls for worldwide economic collapse? I'm afraid to tell him that the only way TVIX gets back to his $10 average cost is when it does a reverse split, which means he's never getting it back. I'm sure he's already figured that out. Well, maybe.
Market probably continues its slow melt-up for the next couple weeks. Doesn't look like there will be too much trouble between now and then. Once earnings season starts I have no clue what might happen. Could play out the way you've described, with some increased volatility. I expect UVXY to drop to roughly $6 between now and then (next two weeks or so). GLTA
You're correct, nothing is a given! I expect it to play out pretty much the same way though. As long as the report isn't too far out of whack we should get a rally, provided it looks like a) there won't be any interest rate hikes in the near future, and b) we aren't headed into a recession anytime soon. Not likely an interest rate hike occurs anytime soon no matter what the report is. $1.65 wouldn't surprise me at all tomorrow.
Yeah but at some point it'll bounce off $1.80 or something like that and all the longs will claim it's forming a "base" as they look for an imaginary support line and claim that it can't possibly go any lower. I know, it's all manipulated and "they" are all a bunch of crooks out to steal your money, and if the market would only do what it's "supposed to do" then TVIX would go to $100 and you'd be rich. I know, I know...sigh.
I was just about to say the same thing! You beat me to it. LOL. Like anyone on Yahoo is actually seeking out bari's "predictions".
Doubt it. U.S. market tends not to be as volatile as most of the foreign markets. Today was just about right compared to other markets globally. Tomorrow will probably be a reversal day as this crazy melt-up continues. UVXY back under $9 tomorrow.
Absolutely no clue what you're talking about. It bounced off 2.10 exactly one time, on June 7th, right near the middle of the trading day. Since then it bounced all the way above 3.75 then whipsawed its way back to the current close of 2.18, which is as close as its been to reaching 2.10 again. Where are the multiple times that you're referring to where it bounced off 2.10 as your post implies?
Don't bother explaining contango to berchik. He wouldn't understand the concept if you explained it on a 4th grade level seven ways to Sunday. He's been buying this thing since the 10's. Thinks he's going to get his money back when "the whole world comes to an end" or something like that.
That's kinda funny since you two are the same person. And all your other aliases as well. Berchik, Jw, etc. Have fun talking to yourself.
But but but....Brexit!
But but but....China!
But but but...recession!
But but but...the world's coming to an end! This is all being manipulated! They're stealing my money!!!
And you can bet the perma-long TVIX'ers would be cheering their little brains out as they got blown to smithereens.
Wow, you can do basic math. And you wouldn't even break even at that price...you've been blabbering on about going long TVIX since the high 7's. Getting tired of your incessant "the world is about to implode" posts on this board. You lost. Get over it.
We'll see how it plays out, but it looks like the bulls are stomping back into action...S&P futures are up 23 points right now. TVIX is going to get absolutely massacred tomorrow.
Exactly. Not only that, once people realize Brexit isn't going to happen the spot VIX will drop all the way back to 13 as we get a massive snapback rally to new all-time highs. Of course if Brexit succeeds (which not many people are expecting) then who knows how the market will react. The initial reaction would probably be pretty heavy to the downside.
Coming pretty soon actually. Market's really taking off. Guess everyone decided there was no reason not to continue the "risk-on" mode were in right now. My guess is that TVIX closes down another dime today finishing at 2.09. What say you? :o)