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This instrument will go towards zero, no matter what the market does, based on how it's designed. Just look at the chart. Happily shorting this since 80, I love these decaying products!
New Orleans
Due to contango, this ETN will go to ZERO over the long term. It (as well the 2X ETN UVXY) is the closest thing to a guaranteed short I have ever seen. The only way to make money long VXX is to get the timing exactly right for a market crash, but that's almost impossible. Even if you do get it right, your gains will be short lived since volatility always calms down, and contango erodes the value of the ETN.
Ravens
Kansas City
San Francisco
Dallas
NY Giants
Philadelphia
Carolina
San Diego
Anyone get an email from IHub tonight? I got one where it told me what my username and password was. Weird - I didn't even try to log in at all today, so why did IHub send me that? Is someone trying to hack IHub? I changed my password just in case....
Who would've thought Anna Nicole Smith would help our cause so much, and posthumously too?! I wonder what the Supreme Court vote breakdown was?
Wow, can't believe the WSJ has this on their front page. And it talks about the settlement as if it's a done deal. The WSJ wouldn't say that unless it really is a done deal.
Kudos to Nate! Who would've ever thought a single retail shareholder could completely alter the course of a multi-billion dollar court case?
Time to type up my resignation letter. Can probably submit it by the end of the month. :) Is there a Millionaire-Mensa club, anyone? ;)
Will TPS be part of this settlement?
Thank you Nate. Who knew that an individual retail shareholder could have such a profound impact on a court case! It's going to be a great summer!
We've been disappointed a lot, but if you flipped a coin and got heads 10 straight times, you are bound to get tails at some point.
So what happens in 2 weeks, when the depositions get close again? Will they be delayed again or what?
Yeah the mediation that was agreed to was between WMI and DIMEQ, but that's because WMI is already in mediation with the EC and TPS. DIMEQ said if they're all in mediation, then why aren't we? Then Judge Walrath agreed.
The Hs are supposed to be the safest bet, but at this point, maybe not? With all the crazy stuff happening in this case, you might see the EC actually prove that the Hs are equity! Who knows if they will, but stranger things have happened in this case.
Rosen is desperate alright. What's the point of taking discovery of the EC and Solomon? He'll find out what they know during the confirmation hearing. I wonder what Judge Walrath thinks of this.
Great point by marymbobh on Yahoo...
She said there's no way the Judge would approve a POR based on a GSA that is not legally binding on the parties.
Examiner's report is supposed to be filed on PACER at any time today.
I like how one of the attorneys at the hearing said everyone is terrified of Steve Susman. Glad to have a great law firm representing us.
Wonder if the shareholder meeting will be decided tomorrow?
Tomorrow will be a great day for us.
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Last trade 285K @ 7.38?