Unwarranted optimism can destroy your investments - be careful
As a long of SVXY, I don't want VIX to be below 10! The risks of any adverse effect gets compounded at such low VIX.
Stay long SVXY in a health way when VIX is above 10 and when there are no VISIBLE panic situations on the horizon (like Congress debt raising limits or other dramas around the world)
there is no doubt in my mind this will hit 100K .. only real question is how long this will take!
my $1K bet is at all time highs ..
apart from the spec bet, I make money several ways - directly shorting VIX futures, shorting UVXY, selling naked puts of SVXY, long SVXY/XIV etc.
Let us enjoy the ride up with prudence to take bets aside when things are not in favor of shorting VIX futures. Those who are smart and not scared cows can enjoy the play here as long as this is APPROACHED with caution and enough margin
Martin will file for bankruptcy once he is done selling his shares .. that's the plan from the day one.
Get out before you get really hurt.
I am shorting this stock next week all I can!
Just the PFE partnership and low valuation ..
If it works out, PFE may this out for who knows 50, 100 or whatever .. these things can go up a lot if there is +ve news.
I know some will fail and some will run 300 400 1000% over time. As long as I have a few winners - my average batting is better.
I had a home run with ITMN from 10s to 40s (sold them a bit too soon) .. but still long via SHORT Jan 16 30 PUTS at $8 (now they are like $3)
hopefully you know when I decide to hold, I can for years as you may have seen from VIPS, PCLN, etc. (I don't post or follow PCLN but I held it for almost 13 years)
I have a few others TRVN, GLYC that are underwater and FLXN & QURE which are above water. NPSP way above water 400% + and CNCE under water 20% average.
Yes, I wish that I avoided that 20% meltdown in Biotech and 50% meltdown in smaller Bios. But I am reasonably confident on my holdings and decided to ride through! So far that was a good move except in case of TRVN which is at all time lows?
She is a dope .. hardly ever gets anything right .. She is playing with calls at 0.80 and already sold 70% at 1.80 or so .. now she is holding some free of cost and dopes like you will lose 100% .. you get the drift, don't you?
that's what I did - except I shorted OPEN against the FREE call options (efffective cost zero)
It is a FREE money by shorting this...
The dreams of another bid will not materialize.
Nobody else will pay that much to OPEN
you and finerman are the dopes.
forget it nobody will overbid on this
i am short OPEN at 105.50
good job Bob. If you have enough time, those 2350 shares of XIV should become quite a sum over next 10 years despite some rockiness along the way
thats trading close to CASH? if you believe their pipeline and past research is worth anything, then you're getting all of that for free ... oh man - talk about investing in a Biotech at seed level MINUS the seed costs ..!!
But the risk is if the company fails completely?
No it won't .. VIPS is a niche pure play eCommerce.
Alibaba is more like a MARKET PLACE collecting fees, advertising, etc. Different models but both serving eCommerce.
Alibaba or more like BIDU may take investment in VIPS at some point.
But based on the recent convertible offer, VIPS mgmt does not want themselves undersold or diluted too much .. So don't expect anything until VIPS shares hit past 300 (or forward PEG of at least 1)
I am not following this company closely as I lowered my expectations of this one!
But today has been a good day .. hope it can trek back to new highs and 20s at least ...
Any good news on CNCE should put this at 20+ IMO.
Let us see which news (they have multiple pipeline ...) comes out, hopefully a good one?
Those like me averaging 100% gains in SVXY and 400% gains shorting UVXY think the trend will continue ... even if it proves rocky along the way as seen at the beginning of this year
This is still JUST the beginning of growth phase ...
VIPS has massive TAM ahead of it and fully effective management and flawless execution!
See you at 200 by Friday ...
Hearing that Tilson covered his short position on VIPS .. check SA article he wrote under MONT ..
Sure he did not tell anyone when he covered .. but created some panic going short and pulled in others to short .. Make whatever you want ...