actually momentum stocks often do well during market consolidation (and not so well on an index rally).
Yes, he believes TVIX shorts are in "pain" ~ this one is exceptionally deluded; in such severe cases, electroshock therapy is warranted.
"if the stock market collapsed" ~ wish i had a nickel for every time that remark gets posted on this board.
From China to Japan to USA, Europe and Russia... through every nation on every continent, it's a rich boys' club. They all play for the same team.
:) Most longhorn shorts here got in above $2, many above $3.... you're not likely ever to see any sort of "squeeze".
The FED is probably a non-issue, since we know they aren't likely to raise rates this year at all, or at least for as long as the greenback remains unusually strong. GDP? well, we''ll find out in a few minutes. June 15 futures are down a couple of points but, true to form, TVIX isn't responding much on the upside.
it's not misleading at all. Price erosion is built into TVIX. Fact is, the market sits right about where it closed yesterday, and TV is way lower than where it closed yesterday. It's pretty simple, really.
You really need to compare float size and market cap, more than share price. on the upside, paulson's motivation for buying into this company is probably legitimately biz oriented. Icahn bought into Voltari just to support someone in his extended family, whereas Paulson is likely expecting ROI based on DD. At today's price, i think it's a good bet (and there was a helluva gap to fill).
"He made his money and is probably gone already" ~ that has got to be the stupidest comment all day (because, right, Paulson day trades microcaps for hobby. of course.)
this morning was your chance to sell, cut your losses, and go short. TVIX doesn't usually repeat an opportunity like that.