I think the fact that the recent run up has held will eventually attract attention and interest. Like watching grass grow right now, however. Sellers aren't stepping in, that's says a lot
Monday markets will be right back up. I'm still waiting for another 2.00 entry on TVIX. It is interesting how this ETF moves so inconsistently with movement in the S&P. Gotta watch the S&P futures for a more correlative movement
The impatient trader in me is tempted to sell this puppy for a small loss to free up some capital, but most of us knows what happens when you do that...suddenly off she goes and you're left kicking yourself. Happened too many times. The price action on CREG is still positive and I'm down more from the commission cost than the actual pps itself. I agree this will get to 1.00 and beyond soon enough. I'll wait for that day as an exercise in patience, as well as agreeing it's undervalued.
pissy...I believe we did, come to think of it...not mention belonging to the same congregation at the Church of Immediate Gratification. Hey, you and the others,should have prayed a little harder for me day before yesterday. I bailed in early pre mkt at 2.34 breaking even and that turned out to be the hod:-) Anyway, bought a little at 2.03 yesterday and sold too early and here I am looking at pre mkt prices at 2.10/2.11 and thinking about it. I think I'll wait for after the open and see if I can't get something closer to 2.00 to get back in. TNA huh...nice run for sure. I was in XIV at 25.12 but let go too soon. One of my trading legacies. It has saved me from some losses, but have also left quite a bit of $$$ on the table. CTP...had some at 3.63 and sold .30 later...now look at it...over 7.00 now 2 weeks later. Feeling the market getting topped off now...we'll see and I'll keep you posted. Namaste:-)
I bought TVIX at 2.26 just before the open and immediately sold it. I realized it was a poor decision right away as the market waffled around trying to decide which direction it was going. These days, whenever there is any doubt about it, it will go up. I was in my measly cash account looking for something I could DT with settled funds and TVIX was the worst possible choice. No harm done, but jeez, what was I thinking. See you all around when this bull run turns around.
Folks, stayed up until 4.00 am and traded out of TVIX at 2.34 breaking even and will sit on the sidelines on it for the time being. Had a feeling there wouldn't be that much gas in the tank.This is a market that will not be held down much at all in the foreseeable future, volume is down and it had it's run. May revisit again if things heat up, but if this is the best we can do following the last 8 days of an up market, then the party is over for the short run.
dude...30K and you held while the stock was plummeting? I'm sorry for your loss too, but it's not like you didn't have endless opportunities to get out with a nice profit. For someone who has left a lot of $$$ on the table due to a butterfingered approach to trading, I can't fathom this scenario.
No resets in this biz. The day of reckoning will come eventually. Not going to say when, but it will happen based on simple economics and the global financial mess we've been in for quite some time already.
I'll hang with logic for as long as possible. It's been a very illogical market of late, I'll give you that.
Nothing has really improved, pissy. They can spin it anyway they want, but I too an bearish on the general outlook and will remain that way despite pumpers to the contrary
Yahoo Finance says volatility to return to the market. Good news for TVIX holders IMO. The trend may be down, but the volalility will give all of us a chance to either recoup losses or profit if you are positioned low enough.
I would never buy XIV right now, ggray. At these levels, TVIX is still the better gamble short term anyway. Anywhere in the $2.50-$2.60 range would be just fine with me at this point. Just looking for a simple, reasonable market pullback after this recent run. I also understand reasonable is often not what the market does, but I'm betting on a pullback this week and some more anxiety producing world economic or Islamic terrorist news. G*d how can anyone watch the news these days and think any of us are going to get out alive, let alone think the market is just going to do nothing but go up, honestly.
pissy...not sure I understand the "lead us to the bottom of TVIX" part of the prayer...hope we're already there...but I like the bundle of cash part, so thanks for the prayer...I think:-)
Agreed, and there are those foolish enough to think the market will continue to march upward unchecked and uncorrected. A squeeze would be most welcomed after the battering TVIX took last week.