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.
What cheap shot and intentional deception are you referring to, ironbrain? I was simply passing along what I saw in "early pm" for both MNGA and PBMD so take your post and sh*ve it. I have no interest in deceiving anyone.
Good morning heartache. Not sure how this happened on 62000 shrs traded in early pm so far