Would you mind sharing with us what kind of annual returns you have made the last few years with these products? Don't want to pry asking for dollar amounts, just wondering what is possible in % terms. I have finally thrown in the towel and joined the market bulls and I have to say it has been fun so far.
Ralph are you saying you made 100% gains on your portfolio per year?! Wow!
Since I asked first, I'll start first.
That's right -30%. Absolutely brutal. I almost can't believe how many of my profits I've given back.
Ralph I was doing all kinds of crazy options s--t during that time when I made the gains. Lot of naked shorting UNG calls for example. Mostly was betting volatility would be stagnant, then when the market got to say 1650 I thought a fall was inevitable. I would imagine from your posts you have made 10X your money the last few years or maybe much more, and I can only dream what my life would be like.
I hope nobody does anything drastic. The sad thing is the market is going up another 50% it would appear, and more shorts will be ruined financially. Do not let your losses affect the rest of your life. I finally switched to "full #$%$ bull" and have enjoyed not even needing to check my account knowing that I make money literally every single day.
What are you talking about, Fed will simply order the markets closed and marked back higher should we somehow see a decline in the future. I would guess we go straight up until 2018 elections.
You're sure welcome. Now let's talk about your positions right now. I told you I am 200% long the S&P, what about you?
Because SVXY would be 65 and I would be screwed.
51 would be a 40% drop in SVXY, or a rise to 42 in VXX. I do not see it possible at this time.
What's your basis for saying it's worth 50? That's a super high p/e ratio even ignoring the big impact of the lawsuits.
Interesting. Cannot argue with the stock price, it has been a rocket to the moon. but GM was under 42 for the 52 week high before all the recall stuff started coming out. Do we think the recalls could be a net boon to the business, or was 42 too low for some reason.
To give us some context, what is your current net worth? I am sadly down to 100K net worth but I do have 125K XIV holding as of this moment. That's right more than everything I have is now invested in XIV.
When XIV has gone up 200%, my account value will be 250. I will sell enough that when I pay the taxes I owe, I still have 100K long XIV and then take the rest of the money and invest in a small business, and leave 100K in XIV. If "fedrally" is correct I will then have 300 million dollars in 20 years which is nice to say the least.
Correction, the account value will be 350K. The thesis remains the same, just means I can invest more money in a business. I am thankful for this opportunity the markets have bestowed up all of us.
I really am sorry about that. It does take a big man to come out and say that, so thank you, and I hope you get to sell at 43 some day.
Those are big negatives for sure. That is why my price target is not 50, but 40. They have a lot of cash to pay those things off. They still are making big profits.
And the newspaper I expect the obituary to appear in.
We're in a quandary now. I must die.
Forward p/e is under 8, Chevy Volt and some other cars they make are quite good. Let's hope against hope we can go some time period without another recall.
Any thoughts? Usually the bottom is in by the third day on these big selloffs and then value hunters and short covering moves it higher. This is a really fine, strong company I like owning under 20 and can see it 25+ in 12 months.