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greatdayforpumpin 693 posts  |  Last Activity: Jul 1, 2015 1:32 PM Member since: Jul 31, 2012
  • Reply to

    Significant Damage Done

    by greatdayforpumpin Jul 1, 2015 1:20 PM
    greatdayforpumpin greatdayforpumpin Jul 1, 2015 1:32 PM Flag

    I expected oil to hold the range and rally like it normally does into July but last year and it looks like this year things are playing out a lot different and it doesn't matter how much people are traveling and how much oil is being used there is just too much oil being pumped as shown by this report which shows an increase in inventory after 9 weeks of declines.

  • greatdayforpumpin by greatdayforpumpin Jul 1, 2015 1:20 PM Flag

    Not able to hold $3.08, $2.98 or $2.95. The fact that even over the past few weeks when we saw draw downs in the inventory oil couldn't rally or on market up days oil didn't rally and then to see the market snap back over the last two days and oil just plummet there is something really wrong (too much oil and too much production).
    UWTI could see $2.58 or lower in the near term.
    If oil would have held above it's lows from the past couple days I would have called for oil to go to $65 with the peak driving season upon us but now it is seriously broken down lower and we might not see those levels above $60 until August.

  • greatdayforpumpin by greatdayforpumpin Jun 29, 2015 5:45 PM Flag

    Easiest money ever made. I don't care about contango, decay, or any of that because over the next 3 weeks this will gain 40-50%.

  • greatdayforpumpin by greatdayforpumpin Jun 24, 2015 1:04 PM Flag

    Boo! Seriously everyone knows that the last week of June is your last chance to get in before the July run up. This will be north of $4 and everyone will be complaining about how they day traded this and got out at $3.40 and never had a chance to get back in. Buy this thing hand over fist for the next two weeks and be rich!!!

  • Reply to

    Dear SEC XIV Used to Work

    by greatdayforpumpin Nov 18, 2014 1:15 PM
    greatdayforpumpin greatdayforpumpin Dec 27, 2014 8:39 PM Flag

    Another skewed week for XIV... In a normal year with the type of S&P performance and the type of volatility we had XIV should be at $50 but instead hear we sit under $35 watching the S&P close at all time highs once again. VXX has even acted better than XIV in 2014 and they even have to deal with options which skew things big time.

  • Reply to

    XIV Doesn't Work!

    by greatdayforpumpin Dec 18, 2014 2:06 PM
    greatdayforpumpin greatdayforpumpin Dec 19, 2014 4:43 PM Flag

    Market has already recovered all its losses and XIV is still 20% lower. XIV doesnt shoot higher till after the market closes today. This product is so skewed now its ridiculous. We are entering the least volatile week of the year so XIV should have already cleared $34 today on its way to $40 by the end of the year.

  • Reply to

    XIV Doesn't Work!

    by greatdayforpumpin Dec 18, 2014 2:06 PM
    greatdayforpumpin greatdayforpumpin Dec 18, 2014 3:51 PM Flag

    I don't know but a 10% down move in the VIX is pretty good and XIV spent most of the day only up a little over 1%. The SPY and the DOW almost out performed XIV.

  • greatdayforpumpin by greatdayforpumpin Dec 18, 2014 2:06 PM Flag

    Should be over $1 higher then it is trading right now.

  • Reply to

    I am a buyer of vxx at 26-27 range.

    by mgiganti74 Dec 18, 2014 10:46 AM
    greatdayforpumpin greatdayforpumpin Dec 18, 2014 1:06 PM Flag

    I'm a buyer of VXX June 2015, not until then. Should be around $18 by then maybe even $15.

  • He doesn't want people bashing his product that doesn't do what it's supposed to do. His pals at Velocityshares thank him for trying to pump this garbage product that should be at $48 not $39.

  • Reply to

    Would have been $70 per share

    by reetchbeetch Dec 2, 2014 9:19 AM
    greatdayforpumpin greatdayforpumpin Dec 2, 2014 10:53 AM Flag

    You could have tripled and quadrupled your money in multiple stocks in the time it took these clowns to finally sell the company. I can't believe they tried to make a business out of laughing and crying medicine. Now it's Otsuka's problem and they won't be able to make any money on it either.

  • Reply to

    Dear SEC XIV Used to Work

    by greatdayforpumpin Nov 18, 2014 1:15 PM
    greatdayforpumpin greatdayforpumpin Nov 21, 2014 6:42 PM Flag

    It's pretty bad that the S&P 500 has almost outperformed XIV over a 1 year period. Basically both at 15% gains over the last year. XIV should be up at least 50% every year.

  • greatdayforpumpin by greatdayforpumpin Nov 18, 2014 1:15 PM Flag

    In 2011, 2012, and 2013 XIV would outperform or at the very least match the inverse of VXX (I know they are two seperate items but they used to correlate inversely) but now in 2014 XIV is not even close. Credit Suisse is skimming money and making this product not correlate to anything not even the supposed daily inverse return of the index.
    I have ran my own calculations and everything makes sense until 2014 and now they have somehow skewed this product to no longer do what it is supposed to do. The fact that it somehow dropped below $30 on that last collapse was garbage. Your math no longer makes sense Credit Suisse so time for you to talk to the SEC.
    The index was designed to provide investors with exposure to one or more maturities of futures contracts on the VIX, which reflects implied volatility of the S&P 500 Index at various points along the volatility forward curve. The calculation of the VIX® is based on prices of put and call options on the S&P 500 Index. The S&P 500 VIX Short-Term Futures Index ER targets a constant weighted average maturity of 1 month. The ETNs are linked to the daily inverse return of the index and do not represent an investment in the inverse of the VIX.

  • greatdayforpumpin by greatdayforpumpin Nov 14, 2014 2:30 PM Flag

    For some reason Contango no longer matters to Barclays... Most years this would have been sitting under $20 by now but all of a sudden in 2014 Barclays has magically been able to get rid of contango.

  • Reply to

    S&P500 UP, VIX DOWN, VXX UP???

    by greatdayforpumpin Aug 21, 2014 11:17 AM
    greatdayforpumpin greatdayforpumpin Aug 27, 2014 2:35 PM Flag

    VXX and TVIX up same amount? Did someone forget to tell Barclays TVIX is 2X VXX?

    I can't wait for the next reverse split on this trash.

  • Reply to

    S&P500 UP, VIX DOWN, VXX UP???

    by greatdayforpumpin Aug 21, 2014 11:17 AM
    greatdayforpumpin greatdayforpumpin Aug 26, 2014 12:33 PM Flag

    Nice job Barclay's. You have designed a product that does nothing it's supposed to do.
    VXX Checklist:
    1. Track Volatility - Depends
    2. Track S&P 500 Options Pricing - Depends
    3. Contango - Depends

    Let me make this easy for you Barclay's.
    When VIX is down and S&P 500 is up, VXX should be down especially since there is this thing called Contango.
    I realize you are trying to hold this thing up but it is a shock to nobody who has looked at a 5 year chart that this thing is designed to go to zero. There is no reason to save the suckers who bought at $30 or $40 or $500 (with reverse splits).

  • greatdayforpumpin by greatdayforpumpin Aug 21, 2014 11:17 AM Flag

    Two days in a row!!! This clearly shows a poorly designed product.

  • greatdayforpumpin by greatdayforpumpin Mar 18, 2014 12:23 PM Flag

    Since none of these volatility instruments do what they are supposed to do you can make a lot more money trading 2x or 3x Bull or Bear ETF's from Direxion or Proshares. I have no clue why anyone would ever buy VXX, TVIX, or UVXY they are nothing but a way for Barclay's to steal money.

  • greatdayforpumpin by greatdayforpumpin Mar 16, 2014 10:48 AM Flag

    Do an internet search for VXX Contango and also look at a 2 year chart. Now try to honestly tell me VXX will be higher 3 weeks from now.

  • greatdayforpumpin by greatdayforpumpin Mar 13, 2014 12:14 PM Flag

    you know the thing that is a derivative of a derivative of a derivative. You know the thing that when you look at a 5 year chart you realize is not an investment that should be a buy and hold. You know the thing that if you don't time perfectly will drop 10% to 20% in a couple days as you scramble to get your money out.

    You guys keep hoping for that 5% pop but we all know that sometime over the next two months the bottom will fall out of the VXX and if you are the last one out the door you will never see your money again.

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