5000, do you live with your parents? with such strong conviction like this... and since it is going to $250 like you always say, you should have bought 100 billion shares.
LOL, sorry, you are totally correct. Some time for fun I start talking crazy and really get the loonies coming out. Everything I have posted on here, I have heard (in a sense) from other posters in the past. On rare days like this when TVIX is actually going up, we get a lot of newbies around here who think they have found the holy grail. They start agreeing with the strangest ideas.
Everything will go down as the seventh seal is broken and the trumpets unleashed, bring down the walls of Street.
The Illuminate can only suppress a good stock like TVIX for so long, with their naked short selling and manipulation. It will come back in spades, as we are standing on the precipice.
There is a strong ceiling of resistance at yesterday's peak of $3.6. Lots of dead bodies there. It will probably consolidate around here until the dividend is raised.
So it has to triple. Vix would have to go over $30 for that, which is certainly possible. However with the Baltic shippers index going up every day, global recession is off of the table.
I'm going to short with 1% of my portfolio, just so I have some skin in the game. When it was at $3.24, I set up a limit order at $3.25... it never went up again. I'm not going to adjust that order though. If it fills... it fills. This thing is so unbelievably pathetic.
I think it would be strange for a company whose balance sheet is getting stronger, to be downgraded. The last time Moodys changed their outlook to negative, they changed it back to stable 7 days later. KMI took some pretty drastic steps to maintain their credit rating. They have enough cashflow to not have to access the capital markets, and by 2018 they should be able to start buying back shares once they get their debt to ebita down to 5. If debt to ebita starts to increase you might have a point, but until then it is wishful thinking for a downgrade. You just witnessed a very terrible quarter with oil under $40 and debt to ebita was steady. Now oil has been over $40 so far for this quarter, it is safe to assume this quarter will be better than last. The biggest concern for me are KMI's customers going bankrupt. They should all be raising money right now... especially CHK.
I'll give you the same advice I gave someone else the other day. I hate the fact that TVIX draws so many in. Good luck.
tremulousbull • Apr 20, 2016 2:10 PM Remove
Sorry, we try to keep people away from this portfolio WMD. Ask yourself this question. Would you buy at these levels? if the answer is no, then sell and don't look back. It could possibly go back to $4.76, however it also might not. April 25th 2014, the VIX traded below $14 and never got above $14 again until July 16th 2014. In that time period contango ate TVIX away. It went from $69.9 to $27. Then the ebola scare happened in October and it traded back up to $61.5 even though the VIX went into the 30s. It never got higher than that again and here were are at $3 and change. Full disclosure I was short TVIX from May 2014 through March 2016, with only a few days of having no short position. I will short again during the next volatility spike. But I have no idea when that will be.