No, when he did his trade he needed pretty much zero movement upward to break even, and he is already up ~20%. Did you miss the part about shorting puts?
I bought the Apr17 $28 call, 3 days ago. I sold today before I woke up for 31% profit. Yeah, could have set the price higher, but I still have 3x as many MU long shares as I had options. Never wrong to bag a profit, always wrong to lose.
I exited at the close today. Nice 32% in 3 months, but seems pretty fully valued to me. Good luck to the longs, maybe it will continue to run. I'm looking at rolling into some oil stock, maybe not immediately.
Yeah almost up to where it was 2 weeks ago. Great "investment."
Even if you compare starting at the low for SLV ($8.xx), the SP500
is up by 54% more. Starting at pretty much any other date makes
SLV even weaker by comparison to the stock market.
Yep, houses around here are still getting offers 8-12% above the asking price, with multiple offers often in the first week of listing.
Cash? SP500 went up 33% more than cash in those two years.
Get rid of the pops and drops over the last 10 years, and I see silver at $14.56 with very little risk. So, if it goes to $12, I will be a buyer with an expectation of ~21% plus tracking inflation of 2%/year, and likely opportunity to unload on a pop. If it only goes to $14, I have better places (well, pretty much anywhere) to put my assets. GLTA
Bottom line is that LL product did not meet the standards that it claimed to meet, and which are required by law.
China produces some world class products, and they produce #$%$. It can be hard to tell which you are getting, but large buyers like LL have the resource to make certain.
Open interest for tomorrow is a tiny fraction of daily volume. The small effect that it does have would tend to lock it to $15.00, not run it up.
True. People tend to sit on bad investments, and probably more true for physical because the buy/sell spread is much larger than for SLV.
Can you imagine when those stackers realize that silver doesn't increase revenue like a good company, doesn't pay dividends, etc. and start unloading?
Obama is to the right of Reagan. No way that Reagan would get the Republican nomination these days.