Beware buying over $8.30. Obviously TVIX will be up today, but we cannot afford another war. Will be up 50-60 cents max after things settle. There is going to be a lot of brave shorts taking advantage of this big jump. One of the reasons its up this high is covering. That's not a good time to buy long, but the quick money for patient longs is nice. I'm out for now.
Credit Swiss are fine line criminals in my book. There Inverse Funds should be taken off market. They advertize everything but reality.
Wake-up... 7X at 50, Great balance sheet. I would not be short very much longer. It may teat 45, but that's it. This market sometimes attacks great stocks as a game. Otherwise there is nothing fundamentally wrong.
Look at COPPER!!! Its been a great indicator and its falling. Is PCLN going south soon? Sure looks that way. When market does correct there will still be a premium for PCLN, but maybe 15-20x. That's a $780-$920.
You should not care what others think anyhow. I hate that word basher. Sounds immature. In this market you are either long or short. No room for the term "basher". I personally think your dead on, but this market is not a logical one. Just look at stocks like Netflicks and Priceline. Pure insanity...Fundamentals do not mean much in this market. Most decent value stocks are dead, even the ones trading at less then 5x earnings.
Sold at $7.40 pre-market. I believe even though the market seens to be turning, I think I can still get it again for $6.66-$6.84 on another dip, before it makes it real move back-up. I have always been told to evaluate the economy...evaluate commodities...mainly COPPER. Copper stocks are dropping big time. I know I have CHK, and TGB. God I hate TGB, but I listened to an analyst pump it and it sounded logical at the time. Now I am short Copper.