I think its going back to $14 personally. You are good, unfortunately your patience will be tested for a while. I was sweating it out in the $6's but all is good. I am not sell a share until maybe around $12 but I will be selling it off to $20 over the next year - that is my plan.
Glad you mentioned that. If you look back in the posts you will find me begging people to buy them. On my Facebook page as well, I made everyone in the office also purchase them. Not to the extent I did but they are happy. My put gases occurred from $60-$105.
I have since pulled some of my sell orders and will begin selling between $1000-$1200 when the headline reads "Bitcoins surpass price of Gold". You've been told again.
If they aren't for you my largest position right now is JCP. I own over 1.5M shares and my ah price is $7.0029. Today is a great day! Enjoy. Oh, JCP is headed to $14, however when it gets there it then might head to $20 so I will see how I feel.
I hear all this yipper yapper and manipulation from a fallible human being who is a puppet to the fractional reserve banking system. A lot of talk talk talk with very little action and when action is taken it is to shore up the overleveraged banks.
Bitcoins theoretically can make the Federal Reserve obsolete, as well as traditional banking, VISA and MasterCard and all other credit companies. It is funny to see them sink their Creature. Anything can happen and Bitcoins can go to $0 however all else being equal they can also consume the entire payments market and be mankinds first decentralized deflationary global currency - making all men equal and allowing a very simple computer code of a few lines to maintain the integrity of the money supply.
What sounds easier that or all of these Fed chair conversations and yip yap and testimony with lobbyists and the like. You can't even audit the fed. The bitcoin blockchain is public knowledge. I plan to sell down to 3000 coins and to get my money back out soon and I am going to let the other 3000 ride. I have 5x my money and I am giddy!!!
Good luck to you all. I for one believe you can not ignore the bitcoin and in the event it becomes the theoretical force it was designed to be, you must own some to hedge the inevitableness of the worthless currency in your bank account. Bitcoin to $30,000!! That will be a good day. In essence holding whole bitcoins will anoint me to the "Board of Reserve Governors" 20 years down the line when everyone else has to trade in Satoshi's.
Simple premise. I will short US treasuries all day at 2.7% for 10 years to have use of that cash. I know someone at a bank doing this kind of things but they have a bond desk! Just pay the coupon and raise some capital....how would "retail" do something like this?
Watching the US Dollar fall and markets rise in tandem. We have a long way to go to the upside. These prognositicators and fund managers make me howl how they manage billions of dollars and have NO IDEA what is going on but they make full sentences and that is all that matter. Nice suits too!
Oh good that was going to be my next post. I have not checked in on the news on VXX I just look at the chart. That would explain the low volume of posts and action but the continued slide is NICE! I only have a smidge of VXX now but look forward to rotating some trades out into another nice short VXX!
I bought another 45k shares yesterday so I am good, now I will just let the stew cook a bit longer and voila!
Sorry I had to short and hate on you fellas before. I just like to make money - not lose it! Now it is time to buy BBRY again. A successful test of the $6.22 (even though we hit $6 in pre-market on 9 million shares!!) was the first nice sign for me.
Now the parts start moving hopefully but it will be slow.
JCP is my new best friend, even more so than short VXX. I barely have any short VXX right now, I am hopig for a reverse split soon!
Good luck people! Fleece the big banks not each other, beat them at their own game.
Pre-market buddy. I just kept hitting the order 150k, 150k. It was magic I tell you - fever at its highest degree! My lowest was purchase was $6.07!!
I feel bad for you and I hope you were short but alas I know your M.O. This is survival of the fittest my dear, call it evolution through capitalism. My genes will go on in to the future because I have the money to make that happen, and well you ...well somewhere in the mid-west i'm sure that would still be possible so maybe you have a chance.
Just having fun. It was a great day and I telegraphed the trade to you as much as I could just as I vote with both hands for Chen. We finally have the beginnings of a new company with $10B in revenue to start hopefully!
You migbht be right but I am good with my position. I waited a long time to cover my very last short of the company and telegraphed it to everyone I knew.
Poppin some bottles tonight on that trade! ;)_
In a static frame of reference it is going to $0 but there are moving parts, manufacturing is going to be offloaded, new revenue streams will come online and things are about to get moving over the next year or so. BBRY is a screaming buy in my opinion and until today you know who I was - SHORT!
I'd like to thank Murray and his band of Merry men for helping people buy my short sales and selling them back to me during their margin call this morning. Tip of the hat to you all!
Buddy are you still here, haven't you given enough money away. They should have a statue of you on the grounds at Waterloo!
I will pour some Fiddich out for you later.
Most of that volume is me! ;) Doubling up for some fun. No protection on this one, only attack!
Yep I got 5k at 6.4136, 150k at 6.139, 150k at 6.159 and 150k at 6.07324! Yee Haw!!
In January for 10 cents! This is the real play. Watch and learn boyz. No protection here - RAW DOG -Bare back baby!