Wow man great job. Let us know when you're all in SVXY, I'm holding off on adding for now. Things looking a little panicked at the moment. VXX seems to be wanting to crack that 50 mark next week maybe higher. i'm OK with sitting in SVXY here though.
Have to admit I was a little concerned this morning when we had a 3% drop. Now I'm thinking I won't even bother monitoring this, just ride it higher. Every market in the world got crushed last night, US stocks at all time high p/e ratios besides 1999/2000, and yet still higher we go. I actually would love to see stocks be a good value but they just can't let that kind of drop happen.
Thanks! Always helpful to know what other people are doing. I've been looking at the returns comparing XIV and ZIV and there's a good case for ZIV to be the long term hold of the two. SVXY of course is nice because it has puts and calls. Wish XIV did as well.
Yeah I pared back a bit to 100% in the afternoon. I'm down about 1.5% or so. Not too worried. If SVXY hit say 40 I would look at being 150% or 200% in. yes it's very risky, in 2011 XIV lost over 90% I think so having 111% in would result in 100% loss of capital.
I have toyed with ZIV instead of XIV/SVXY since it's much less prone to huge draw downs and over a longer time period it performs similarly (talking several years or more).
Yeah I'm bitter today. I tried to short PLUG repeatedly in the 11s, no shares to borrow, looks like it will hit $3's tomorrow for a quick 75% drop.
Good points again. Got too emotional about the market. It needs a 40% drop but the Fed just keeps buying every single dip of even 1 penny. I'm still pretty sure SVXY will be a lot higher in 5 years so as long as nobody gets a margin call, should be in tall cotton.
Intrinsic value is ZERO. That's ZERO PENNIES. Not $2, not $1. ZERO.
Unreal. I tried to short 20K shares at 11.50. Would have been about 110K gain already. Talk about ruining your day. I heard many other people couldn't short PLUG today but it seems UVXY is easy for everyone besides me. What borrow fee do they charge you?
Who cares if they have some gadgets, they are a money loser always have been always will be.
OK I don't mean to get too personal with my questions but I need to figure out why I am not able to get shares to short. Is it because my account size is too small? Are you a "preferred" customer because of your size? Do you need to have 200K or more in your account to get any shares to short? I have tried maybe 100 times in the past year and not gotten a single fill. I know today is a perfect chance to short it.
I also tried repeatedly to short PLUG this morning and it's down almost 40% since I didn't get filled.
How did you make 130%? UVXY outright short or puts? I have not been able to get short shares for a long time and puts look really pricey to me.
Ha. It really can't be this easy can it? SVXY makes 5 or 6 new all time highs minimum per year? The VIX is just flat out asleep and why does contango hang around when everyone knows the fed is just going to juice the market forever? This thing just won't drop. I'm quite relaxed even with a leveraged long position because I am not leveraged enough to keep me from riding out any declines. You yourself said this will be a 10 bagger in 10 years if I remember, that's worth riding out. This is just insane how people will never let this market fall.
yes I agree- anyone selling advice for $100 a month, how great can it be? It's more a sign of my recent frustration with the markets. I keep waiting for a big drop so I can take some more constructive positions and it never seems to happen. Even today SVXY is up with a 6 point drop in the S&P, go figure.
By the way did you check out the "logical-invest" web site? I assume you are not a big proponent of backtesting strategies but 40% annual return for 15 years is pretty impressive. I guess if it were that easy hedge funds would be making those returns though.
Good luck! Heck even emerging thinks this is going to be 10X higher in a decade. I've decided to quit waiting for a market correction to get in. It just doesn't seem like we're going to see one. Can't worry about valuations if the big boys don't worry about them and valuations are really my only issue. I think the economy can muddle along at 2% or so for the next decade. I think stocks are priced for 6% but that's neither here nor there.
That's all I'm going to say. You have to give it to him. I am 120% in SVXY now and already my account is exploding higher. I can get up to 300% in and am actually considering it. I do hate it, but I won't object to the money. There is actually, in fact, there can be no debate, ZERO chance of even a 1% correction in this market.
Could be cooked.
Now 120% in at 60.77 cost basis. I got so, so, so, so, so desperately sick of watching this criminal manipulation in the market that I decided to jump on in. I don't even care anymore. They will never, ever, ever, ever, ever, ever, ever, ever, ever, ever allow even a 1% drop in US stocks again without regard to anything that happens in the entire remaining history of the world whether it be a depression, a huge world war, or anything else you can envision, ever. It is simply not possible that stocks would ever drop, ever, ever, ever, by even 1%.