BKS is growing negatively. It'll have to close more stores to survive. Don't care about its tablet. It'll never bring any significant revenue in when there are hundreds of established tablet models out there.
Over sold? There's like 10% gap between July and Aug contract. VXX still has lots of room to go down if market just goes side way the next few days. Oh if spot vix doesn't jump the next few weeks, contango will kill VXX again when rolling over to Sept contract.
Was out for the past few months. Got killed in NG and covered all my UGAZ and sold all my DGAZ shares when NG was at 4s. who would've thought mild summer is hammering it? oh well should have been patient. Got hammered on SVXY but recouped some back last few weeks. Now i'm ready to get back in the market. This time I'll follow stop loss no matter what. Right now I'm heavy short TVIX. I think july contract will have another 10% drop.
Correct. The site kibbles provided was also pretty informative. Some may think this rally is just to fill the gap and still expect bear market July.
There are like 10 replies but no one answered the man's question. He's asking why not how you play it. VXX tracks VIX futures, not VIX itself. Futures are higher than spot 9/10 times. We were just in backwardation a few days ago which means aug future price was lower than July's and spot VIX. Now the spot dropped a lot but July and Aug contract didn't which is normal. If VIX stays at this level, you'll see July contract gradually comes down and meet the spot before it expires. If you think market will go up or go sideways, keep holding your VXX short. VXX will eventually come down.
I think market is taking into account they'll supply more since current supply dips as well as the warmer weather. Weather forecast seems to move NG price much more than storage report. Duy you still holding AAPL? I bought back some at 460s and not happy.
I think bake had better point here. A few weeks ago, nobody knew cold weather was going to sweep the entire nation. If you bought at 18, it was just a good guess. Duy’s initial intention is to play NG’s inventory. It helps but if it wasn’t for the colder weather, UGAZ would never be at this level. And I think it’s very dangerous to accumulate and wait it out on this kind of 3X ETF. Duy made a good call but might be for the wrong reason. I think he’s also learning the cause behind this run up.
If you gets loved by wall street, there's nothing that can tank the stock. AMZN's action has been ridiculous earning after earning. I shorted NFLX right before Icahn news broke out last year. Since then NFLX has been unstoppable. On the other hand, no matter how attractive the fundamental and PE look, if they want to drop a stock, they will like AAPL.
I think MM will pin AAPL at 500 today. I don't know where it will go next week. AAPL's expectation is too high so even earning is not bad, stock could still drop. PE has been irrelevant for AAPL for years. I have no doubt AAPL will one day get back with a reasonable PE but I'll wait after the earning.
Duy, don't you think because inventory low, they'll kick up the production while demand might drop next month. Thought UGAZ is tracking the futures contracts.
lol I shorted AAPL yesterday morning thinking to fade the gap up. But that turd just kept going higher. Covered when it broke 505. Now no position. I'm always in the action too late (or too early). IMO AAPL will eventually go back to 700 but the question is when and where the bottom is.
Seriously, forget all the technical thing you just said. I think today's action is Hedge funds and bunch of individual sheep following the call of bottom. also MM want pin option at 500. Nothing more nothing less and surely nothing fundamental and technical.