downside risk to $6.50...imho
im long 5k here at 7.65...bot at 7.68...and I dont like it...I hate this stock...do you see the amount of stock being offered...they have no fear shorting vol....only way I can explain this is insider knowledge/collusion....and imagine what'll happen when this $7 stock reverse splits to $35 on july 25...it could be shorted even easier...its a bear of a trade...only good for trading intra day..if that...stay away
unfortunately for longs..think you are right..I sold out of a 17500s position today in the 13's...I was seeing massive dumping into this move...its a slow earnings story that can get even slower into a recession...why else would massive dumping be going on into supposedly good fed news
yeah saw your order cross...I dumped it on your dumb eeesss
but if you hit the timing...it can be a rocket..be ready to get stopped out several times for small gains or losses....but now imma hold this #$%$...could be a reversal day...thats a big could be...dont trust this pos mkt
so if you think volatility is coming you stay LONG here...these things tend to spark when you least expect and they go crazy because of the short interest...remember august??...january?.....I know this isnt a hold becuse it deteriorates over time and the forward contracts are much pricier so vxx is forced to lose value...so your timing has to be spot on
which is markedly higher..does this make sense?
don't bet on it..the spy is having to work way too hard..climbing a wall of worry then taking the elevator down..we're going to have a wiley coyote moment soon..
dude..the volatilty index is not something that works on a technical basis...fear creeps and then explodes...whether it's a one or two day phenom is totally unpredictable..they sell it day in and day out cuz there is "little fear demand"....then it can just "BLINDSIDE YOU"...