I played the VXX long side from late last year until about June of this year. I traded over $20,000,000 of VXX through 1030 trades and made a profit of .4% when all was said and done.
I did the same experiment last year short and pulled 106% on the short side. I do not believe I am missing out on anything. VXX is the greatest product ever created because it always "feels" like you can make money it when viewing a chart in history. In reality it is not possible. The short side is guaranteed.
In addition to VXX rise, I consider it a bad karmic bet. I was long during the Boston Bombings and yipped and cheered at the death and destruction. Not a good feeling to make money when people are dying. And that is the only way VXX makes money, chaos, fear and destruction.
In Canada, life or death operations only cost $50 for the ambulance ride. You Americans are juiced every which way haha. If you guys default I will send you a few bucks (Canadian) so you can eat.
I always like to make this post early in the VXX rise when confidence is high. I get the greatest response, calling my an idiot and everyone is so excited! Kind of like the first day of school....
And then with in a few weeks reality sets in and everyone is selling at a loss into my short. ;) I will initiate soon enough, it is just a bit too early...
Good for longs if you get out on time though - its like a hot potato.
I am a little bit under water on a 3.5M bet on JCP. I will be vindicated I am sure once the comps come in and funding is now secure for the next few years. Watch and learn my friend I do not do this as a hobby. I awake every morning with blood in my eyes for EVERYTHING you have. EVERYTHING. You have no idea. No mercy.
Yes they do, but I can stop you from Obama, twice as many people survive off food stamps in your Country than our entire population of working citizens!!! United States of Welfare.
If you can't raise your credit card limit pal, that is all about to end instantaneously. I will send you some bread. You won't even have gas money for your battleships! Hahaha
And recoupe your profits on an auction through a trustee after they choose to cease operations and sell assets in a controlled fashion. One morning you are going to wake up and the stock is trading around 10 cents to 30 cents....BUT after you sell off your margin calls, whatever shares you have left will place you in a percentage ownership after the proceedings and you will receive your profits.
DO NOT USE MARGIN if you own BBRY! Best advice I can give you if you want to buy BBRY.
This was my plan and I am glad the BOD are a bunch of inept monkeys. Sorry real monkeys are pretty smart. It should
- CEASE OPERATIONS -
- Hire a Trustee -
- Dissolve common stock to $0 -
- De- list -
- Begin asset sales, patents, property -
- Begin common shareholder round-up of ownership % -
- Over 2 years sell the assets through auction and receive highest bids with pressure -
- Divide up the proceeds amongst shareholders of record -
BBRY could fetch $10 Billion in this fashion or $20 per share but you have to hold the stock to $0 with no margin. That is the play and if I was a fund I would be willing to make the bet for 100% return in 2 years and tie up $100 million or so.
No surprise that Bernstein has a $4.50 price target on a $9 bid. Just the way the World works guys. I wish I could just round up all your guys money and give you a big hug!
From the little second right after your short BBRY, the screen goes green into profits and it feels way better than self mutilation. Why you guys play this now especially after June 27th is beyond me. You do not deserve any money. You must lose it all and live off food stamps - they are not real currency so you can hold those, but you should be banned from holding money.
Remember that, when you are completely broke and you require a life or death operation for $5000 and then only thing left you have for sale is your $30,000 car - you will take $5000 for the car!!
So nice to see the new faces. Please place your money in the envelopes provided on your desks and place the envelope in the box at the front of the class. Leave when you are ready and please grab a complimentary fruit on your way out! Best of luck in your future endeavors.
In short order you are about to witness the strength of the words in the VXX prospectus.
That's very rare. ;) Come on Christine are you still beating yourself up over this. It is over. Stick around I will give you a small company that is about to double you will feel better....But BBRY is headed probably below $4 in my opinion after the deal is pulled.
Remember LOTS of people now get to see the books and real numbers, this will be indicated in the stock price through insider trading and the like.
I think you can still make 50% here to the downside. Seems very clear. Below $4 I may buy but it's going to feel like it's going to $0 at that point! I'd try though but even at $4 you can lose 100%!! Hahaha
Prem will get his $157 million but at a reduction in the buy out price of $3 down to about $5!! Hahaha additional loss of $157 million. That's what I would do with Cerberus. Crush him.
BBRY and stick with it for the long term but I need Watsa and the others out of this thing and then it can make money. I will buy BBRY from $2-$4 for sure! I am ready and waiting....
Why you guys are allowed to handle your own money is beyond me. There should be laws against this! There is no risk to hold BBRY short that is why the short interest actually GREW!!! Hahaha, they (I) must all be wrong and you with 1000 shares are right. Sorry - Wrong.