42 would be important because it would mean VXX has a positive change over more than 52 weeks. I think that would be incredibly significant. UVXY of course can not have a 52 week change gain. 42 for VXX means the VIX needs to hit about 30 I would think, you agree? Will it happen before March?
These guys talking about 7% correction next week are insane, come on now. Market freaked late day over Greek drama, that is now priced in. Bad Greek election shouldn't matter. I doubt very much we go under 2000 for the next month or so.
Do you think this is already priced in to the late day run in the VIX funds? I would think Greece election is priced in. Do you think we will ever see VXX back to 42.50 (in other words UVXY back to 40)? If so when?
That is where it was at the beginning of 2014. That would have to mean something for it to hold a level for over a year, right?
Great day today! Let's hope this is the beginning. What kind of job do you have that allows you this kind of flexibility? Congratulations that is awesome.
What is your best hum dinger grand slam speculative stock? I am now ready to put it all on the line, need to almost triple my money, just need to find the right stock. Not UGAZ or PGN I have ruled those out lol.
35-36 would put VXX at 39 and that in itself would be frightening.
Somebody was buying the weekly calls! If VXX gets to 42, I will put everything I have left in XIV.
It doesn't seem like that would make sense, but the VXX weekly options seem to be predicting it?
I can't believe this. I am simply in shock and awe that this continues to drop. Some oil stocks were up today, and up a decent chunk. We almost went under $2! My effective cost is so high. I may be able to average down at these levels to where I would break even at 4 or 4.50, but I don't know if that would be wise as it sure looks like somebody says we are going to 0.
Caution indeed, I have lost 60% of my net worth buying oil and gas stocks mainly PGN. So I need to gain 150% to get even. I am not giving up but instead am going all in some of the speculative stuff and either get wiped out or make it back. What's your favorite oil/gas for 5 bagger the next couple years?
I don't see this going under $10 for sure. I am still a bit cautious. I think when they cut the dividend (it would be prudent to cut to $0 IMO) this will drop maybe to 13 or 12. If that happens I go all in. It's entirely possible the dividend is already in the price and this will rise when it is cut.
The whole boat.
I pray to god this returns to $50 per share. I am quite worried about the Texas deal with oil, but hoping it is priced in and we can rebound. I have lost over 60% of my net worth being long oil stocks so if I go 100% in CONN I need it to rebound to 40. Just to break even. Ha.
Does not look great, I wish I had averaged down this morning at 1.17 as I would now be able to sell for break even. The deal looks like $0 for shareholders in long term just wondering about a short term bounce.