Two of the most important factors that will affect the value of the ETNs are the directional change in the
the level of the applicable Index (either up or down) and the annualized daily volatility of the applicable Index itself.
The annualized daily volatility of each Index is a measure of the magnitude and frequency of day-to-day changes in
the applicable Index closing level, and is equal to the standard deviation of the applicable Index’s daily returns over
twenty years, annualized by multiplying by the square root of 252.
The ETNs are sensitive to large changes in the market price of the futures contracts included in the
Copied from prospectus.
There are examples in this document which include tables of 1-20% moves. An absolute jaw dropper. GL
Read the prospectus and you will find what you need to know. Not trying to be a smart behind but the answers are there. Had to read it numerous times myself to figure out what they were saying. There is a small section within that gives examples on how the share price is settled daily and more important to understand are the reasons share prices vary under different scenarios. Worth the effort because it applies to all leveraged funds. How many invest in the 3x funds do you think who have never bothered to read the prospectus? GL.
Looks like MR. Willis broke even on this purchase today. I'm sure he is not worried. That's 20,600 shares bought in the last two weeks mostly under 2.75. Nice
8/26/2014 Richard Willis CEO Buy 2,300 $3.25 $7,475.00
This stock is working on a base in excess of 5 months long. The longer the base the larger the move they say. The RSI and MACD having been moving up for the same period. MACD reached bull territory in July. The 10 day MA has crossed over the 30 day MA. The 30 day MA has crossed over the 50 day MA. There is definitely a divergence in price movement or lack thereof with these technical indicators. Earnings and guidance remain on track, debt is decreasing. Have said it before though and will reiterate once again. Wireline runoff is still a problem and the insiders could show some love and depart with some cash to buy some shares. A few buys by the insiders I think would do wonders. The divergence can't go on forever. Stock has to break up or the technicals have to break down. Just my 2 cents.
Part of the disclosure reads " in accordance with certain minimum price and volume limitations" He has almost a year to off a million shares of the 10+ million shares he owns. Maybe he wants to get ready for the five handle or maybe he just needs a little walking money. I don't see it as a negative. I ask myself what would I do. You should ask yourself the same.
Mr .Willis knows more than I do about the company and it's prospects so I'll stick with his judgement. No message board fools will change my thought process either. +1 for SPDC.
Gap filled from last November at 4.75. That was what I so patiently waited for. Bought at 4.73. Will buy more lower if it goes there but haven't decided where yet. Just lower. Like the company and the fact that insiders have much skin in the game.
Thanks for the update. Amazing the market for SPDC so flat today. It's as if all buyers and all sellers knew where to take the price days before they reported earnings. Was doing some buying myself but didn't get the memo as early as some.
The carrot has been pushed out a little further as it has been for some years with this company. I'll wait. Good trading stock lately with these large candles. Time is on my side with core holdings. GL
I think the 82 shows continued demand that is less than average. Considering the TDD's including those forecast, imports and exports to Canada and Mex., the loss of production from recent pipeline maintenance, coal to gas switching may not be showing up, and production remains robust at these prices, the thinking may be a lower price might have to occur to attract demand. In other words it really hasn't attracted gas powerburn yet IMO. Thats why I think the price dipped. We see.
blackoil says "Till all said and done in 2 years nat gas and electric will be sky high .coal plants will be gone." coal plants will be around in the USA in some form longer than you and I.
Target and Walmart now embracing the likelihood of more e-commerce to shore up their sales. Spdc in the right place at the right time. Can they execute? Remains to be seen. If so, they will fly. If not, business gets sold and we all move on. Again right place at the right time.
80% market drop by the way puts the dow= 4000ish. Ha. 4% GDP and a lot of money floating around from the FED, tall cranes everywhere I look building something. gold heading lower, dollar heading higher today says this market may trade sideways but not near your prediction.
This thing has been gaining strength since late April say the technical indicators. Volume today and the nice comeback should be worrisome if not long IMO. Since late April the RSI is trending higher. We are looking at a MACD crossover which is a bull signal, money flow is positive past week. Shorts will say convincingly their sale was today at the low of 2.91. Ha. We see.
Yea a little surprised although I was 1 of 6 of 33 total who thought 101-105 for this week. The rest were lower none higher. Have been hearing all week that demand was back and market tighter. Guess not. Still bearish with about 2/5ths left. Targeting 3.80 NG but will see if/when we get there. Going to Vegas Sun-Thurs. for a little mind clearing. GL
Works for me. My eyes are not that good anyway where xtra pixels matter much. Watch my neighbors TV 1/2 block away. Thing is bigger than a full moon. A speaker stand, popcorn and some hot pie, it would be like old times at the drive in. Cornings" getting ur done.
Appears to be mostly about demand. The heat either shows up in the large consuming states or not. Right now Texas and the NE seem to be running cooler. My channel top is at NG=4.43 and the bottom is at 4.26 . Since we already breached the bottom a large injection looks like NG could go lower. Who knows again I say it about demand for cooling. Production is there. Pit close may see some short covering today, should be a tell. COT report also may give a tell but that is last weeks action as you know.