Sorry buddy, seems like we made the same mistake. I am comfortable holding ZLCS here but I would have 5 or 10 times my number of shares if I played it right. I'm pretty sure this has a 200% run or more in it within a year. And that just barely gets me in the black!
Yup, i'm not even going to sweat it for a bit here. I'm very confident it will come back, at least back to 1.50 (split adjusted).
Can you even believe when MNKD was $2.50 or so and this was 1.50, I basically flipped a coin and went all in ZLCS instead of MNKD. I took some of the ZLCS loss at various points and played around in other stocks, but basically if I had gone all in MNKD instead of ZLCS I would have about 8X more in my account . That's 3 doubles. Ouch! The combination of missing MNKD and getting cornholed by ZLCS to this point is stinky.
But this will come back, I have no doubt of that. It's just a question of when does it come back.
Not going to be able to stop this train.
30 on the VIX seems very unlikely. Remember these products will not perform nearly as well as you think even if it does go to 30. VXX might go up to 28 area, and that's only if it happens before August. If it happens say in October VXX will probably be 18 or lower.
What is the most % of your net investable assets you would be short UVXY? Anything over 15% is suicide IMO.
The time to be a bear was 1688. At 1627 I think you're way too late to be a bear. How low would you expect the market to go? 1575, 1580? Not much risk reward.
At that point, with 1 contract, you only control about 7K worth of underlying. Don't understand the point of that. Why not just instead short 100 shares and ride it to 0 which is where it's going?
Hey man yes I am back in ZLCS. Been in and out. I am down pretty good right now.
Glad you've made good money for the year. I, sadly, have not. And so it goes.
Everything been just dandy for you? I keep waiting waiting praying for ZLCS, hoping that some days our ships will come in. Been real hard, my head says we're in trouble but my heart says please god let this hit $2 per share.
They sure are floating. I heard Fannie Mae stock has doubled a couple times in just the past several months. I thought it was cancelled and no more trading, I guess not.
Iowa is smart doing that, their placement numbers will be fantastic. 132 is tiny indeed. 10K is an absolute bargain for a strong school, good choice.
Just trying to get an idea what your risk is.
I never in a million years would have believed this rally could go near 1700 already.
Wow. I bought that at 8, sold at 10 thinking I was smart. Good Lord. That's what keeps me in this game, the hope I could hit just one winner like that and retire off it. My goodness.
I guess the good news is I'm in the black on ZLCS now (barely).
Dano, are you still on Margarita? I thought you were moving back to California?