It will touch $200 as SPY falls down 35% in a straight line.
and $3 BIL in cash. Why wouldn't FB take out the leading co .in this space?
I agree. Still can't believe some morons are willing to spend $4.5Billion in revenue and give it to this dog.
Could be Monday or Tuesday or any day of the week. Chart looks like reaching for the moon. So pretty much panic short covering looks like that. Short covering rallys are typically not sustainable.
Net of cash on market cap basis it is 35% cheaper than WhatsApp acquisition by Facebook.
Crazy times. Short this junk to $0.
That's an awesome move. Watch out when it gives back some of the gains though. It could happen next week.
Oil will likely drop to $18 and DWTI would trade at $1100 at that price. It will do 1 for 10 split and at that point I would short it. It will go to $0 precisely after the big run.
Buy oil once frackers go bankrupt and Saudi Arabia is under civil unrest.
Market will be slaughtered and they won't be able to do anything but come up with massive QE4 that will spike gold so high and drop the dollar.
If they don't, market goes to SPY 500.
My $42 leg was at $1.70. It went up in price X 2.5.
I expect UVXY to be at $36 tomorrow.
The sellers at 1000 won't be able to spend that money anywhere since it will be the end of the world.
Now it is up. Pick up NUGT here - it will run to $32 by EOD Friday.
FED talking slowing rate path again. This is why the market is up so much.
Cheap diesel is awesome for Gold Miners. Plus, these companies (NEM, GG, etc) started cutting overhead expenses 2 years ago so they are much leaner now. Free Cashflow is still there, so any rise in gold falls straight to the bottom line.
NUGT could be at $150 if gold went to $1500.
They can't fund it with debt and operations are cash-flow negative.
If you look at the options 1-2 years out, there is a lot of money betting that this co. files for CH 11.
I'm all in at that price.
You can count on that.
TVIX probably $5. Odbuma will make sure State of the Onion is positive.