Chickened out and sold all of my UWTI today for a decent 1 day profit. Didn't like how oil was up big but the 3x was only up about 1x. ??? If it doesn't make sense..I take the money and run. To heck with what I leave on the table.
Goldbugs are such an odd bunch. I seriously think you have to be a bit of an eccentric fruitcake to be a gold bug.
OK Fred. You talked me into it. I sold this morning at 13.05 and I'm going to wait until after earnings before I look at getting back in. Something else that scared me a bit was the talk of a secondary possibly being in the works. Secondaries being floated when a stock is cheap almost always looked like desperation to me. If I miss a big move by not being in...oh well..there's always 6000 or so other companies out there to look at. LLAP.
I'll give it 1 to 2 months. Gold spiking today should be short lived with the feds driving the dollar up and no inflation in sight due to cheap oil. I'm buying a little dust down here and leaving enough dry powder to triple down if need be.
That's absolutely right Chris. When you factor in the effect of negative contango, on a downward trending commodity it takes more value to achieve your original purchase price, should that purchase price be made prior to negative contango taking place. A buck seventy. however, is still a buck seventy. It's worth may have changed due to inflation or deflation but at the end of the day, it is still just a plain ole buck seventy. Keep in mind these rules may not apply on other planets such as Pluto or Mars. Have a great day.
Don't sweat the 1 for 10 reverse split if it happens. 3x leveraged to the price of oil ETN is much different than a common stock doing a 1 for 10. Focus on where oil will bottom. That is the key.
med...no one KNOWS what they are doing. It's all nothing more than a game of playing odds and having the discipline to abide by the odd's rules. However, I do appreciate your candor and honesty. Two qualities that are vital to success imho. LLAP.
I jumped into uwti today pro. In at a $1.33/ 10,000 shares. If crude doesn't double bottom bounce here I will buy 20,000 more at the next level down, wherever that may be.
yes...but the trend has drastically slowed. Most of the impact of transition from coal to nat gas has already been absorbed by the markets. The coal plants they are replacing were already shutdown and just sitting there in standby.
Exactly. Buy a new ball cap and leave the price tag dangling off of it when you wear it. This bugs the heck out of them and keeps them preoccupied thinking about it.
Market sentiment usually looks at least 6 months out. Airlines struggling leads me to believe wallstreet sees oil headed back up soon or the economy swirling to the left in a vortex at the bottom of the toilet bowl. Maybe both.
Yeah, VP on CNBC interview says kneejerk reaction by market. Well over a billion just in backlog, 70% coming due in 2016 and 2017. Lack of guidance is freaking the market out. VP says they don't want to give guidance until they have a clearer picture (and who can blame them with WS attorneys slapping shareholder class actions for as much as a fart by anyone). 250 million left on stock repurchase plan. Plan has daily limits on volume and apparently time restraints on when they can purchase in relation to earnings releases. Sensed the VP wanted to get sarcastic with the interviewers but restrained himself. (like duh, on these questions) I'm thinking 50% retracement from here after cooler heads prevail next week. GLL's, LLAP.