Hasn't been looking too good lately...classic pop and dropper...impatient traders moving on
A more inflated USD is bad for everyone except those holding this ETF. It's amazing to think that all of the $$$ currently in circulation has NO intrinsic value...printed beyond belief with nothing backing it up. The market and the USD will see it's demise sometime in the not too distant future. Simple economics always wins in the end.
Yes...pure economics says it's gonna happen...again question is and remains...WHEN. There are many factors keeping the market bubble from bursting. Just keep some powder dry, bonanza
I wish I were more well versed in options. Got my a** burned in an iron condor newsletter called S-P-R-E-A-D the Trend. Auto traded it and lost 1/2 of my account. Never gonna get over that one, but it's happened to other newsletters too. All it take is one really bad month to ef you up for life. In the final analysis...nobody to blame but myself.
Good for you, trem! I'll take my hat off to anyone that makes bank on their trading skills and/or investments. That's what we're all trying to do here, after all.
Question is when to go long. If anyone has gone long this thing they have paid dearly and deserve the losses they have incurred for their stubbornness and refusal to just accept the fact that the market is still trending up. Sure the market is going to correct someday, but why fall deeper and deeper in the red waiting for that correction. I've been in and out of TVIX so many times since Jan and I have nothing but losses to show for it. Just can't understand why people let themselves get 3rd degree burns hanging onto it.
Me too, Rego...if anything I just wait for the random red days and buy the dips on XIV. Market is kinda tough to read right now...been churning a bit. Trying to just sit and be patient and not jump in on anything impulsively.
Would you people please shut up about class action lawsuits, for chrissakes. XIV goes up and TVIX/UVXY/VXX go down, period. Try both sides of the market and stop with the bellyaching.
Try watching eod vol on both VXX and XIV and try to time to pops on each. Wait for bigger moves by both and then sell and go with the other. That's my latest strategy, anyway. The market often makes a fool of many of us:-) Very unpredictable. I even sell too soon on winning positions, too! Nervous about anything $$$ related, even when I'm on the winning side:-)
I liked the huge vol buying VXX near the close today. Hoping for a red day tomorrow, but knowing the market as we all do, it may be just a bump in the continued road up.
Jeff, I never held TVIX for more than a day, but overall lost my fair share trying to guess bottoms on it. You're right...the continuous bullishness in the market has been stupefying. Glad to hear you're on the mend and have made peace with your losses. Doesn't help to dwell on what's happened, for sure. GL Nice to get such an overwhelming response to my poll:-)
no tomorrow imo...heading up...maybe not much, but today was just a market masturbation over Greece. I say it's more likely to go back over $19 and some change tomorrow...possibly into Friday.
I've heard that interview with Rickards. There are many who are trumpeting the financial crisis we are in, but somehow the can keeps getting kicked down the road, the money printing keeps going on, the stock market keeps going higher, the illusion keeps getting put out there that all is OK enough with the financial markets etc. No doubt, there is some serious s**t coming down the pike to deal with in the coming years.
Unless they hit the sell button really fast they all got royally scr*wed. If you ask me they got what they deserved buying up there on such an obvious pump job. H*ll, I couldn't even pull the trigger when it was in the mid $2.00 range. I don't have level ll so tough to know what coming down the pike and when the tide turns, so I avoid high momentum trades like this...way too stressful
They usually come down as hard as they go up. The sell off was a perfect mirror of the run up. Check out the 2 day chart. I find all of this micro bio mania quite amusing...PMBD, ISR, AVEO...market masturbation at it's finest
A few things I like about this company 1) plenty of cash 2) no debt 3) high % of solid institutional investors 4) Carl Icahn is a major holder 5) MarketEdge gives it a LONG rating. Without knowing a thing about this company, I like the players.