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Nice writeup. I think it goes lower after their Q4 and full year ER. Unless of course Ackman pulls a rabbit out of his magic box and a full blown recovery takes place.
sounds like a distinction without a difference my friend. Lets not get carried away with semantics.
CMG tankerage
I guess its ok to let a ruthless dictatorship bully the USofA and interfere in our electoral process. Oh the humanity!..you would rather support this dictatorship than stand for your country. God help us
Merry Christmas! Guys.
What a joke! Another morning, another tweet and the market keeps on see-sawing. I got my back of popcorn and getting ready to watch the next 4 years.
CMG creeping up.
I don't have too much hope for the next earnings report.
CMG down on an up day
Amazing!
CONGRATS!!!
Congrats!
LOL!
lol!. I fell for the morning head fake and bailed out of my 480 calls at open. I think it was just waiting for me to leave.
CMG crumbling before our eyes. What's next.
Whats the worst that can come out now?
Who knows what next week brings.
Man, Im laughing so hard. I used to do the bacon alternatives and after a while I said what the heck...give me the real thing baby. I do the same with butter. Fresh cream butter for me. I don't want to live forever.
Sure. The VXX is an exchange traded note which reflects short term market volatility. I made my statement because if you expect the market to go down in the short term, then you would expect the VXX to be up in which case you would go long. I did a simple google search and see what came up below.
VXX Is VIX
It has already been established that VXX is an exchange-traded note with returns based on the S&P 500 VIX Short-Term Futures Index Total Return. VIX is the commonly known name and ticker for the CBOE Volatility Index. VIX is a measure of market expectations of near term volatility conveyed by S&P 500 Index Option prices. The performance of VIX is very difficult to replicate in a portfolio for a variety of reasons. Because of this there is not a financial derivative that perfectly replicates VIX.
Btw, I am not a Financial Advisor or such expert.
You are on to something here. Market looking weak.
lol!
I have found the market to be fundamentally contrarian.
Agreed.
PCLN. Priceline Strikes Hospitality Deal with the Cuban Government. wow!
You leave them no hope.
Im holding some weekly calls.
$VRX - May be worse than I thought. Reading the 8K and the resulting back and forth with the former CFO. wow!
The VRX Bankruptcy Party! oh my. The circus has arrived.
You do realize VRX generates positive cash flow from underlying businesses which are real.
Congrats! Careful next time you eat at CMG..the white throne awaits
If PwC can finish the freakin audit and issue an opinion, this stock will be at 40 in a hurry because it will remove the threat/issue of default from the table. April 8 calls may be too close. I have been looking at May 20 calls.
Ackman has to be the worst Hedge Fund manager out there. Doubling down on a losing trade, continuing to double down on another losing bet in HERB. What a joke.
Whats the story with this today?
LOL!
Congrats! on the trade.
YOu are a smart man. I have transferred more dry powder and hope to move by the time the dust settles later this week.
$VRX. Where does it go from here? My thoughts: a) if they can remove the threat of default from debt/loan covenants, that helps and will remove that option from the table. b) if they get a relatively good audit opinion from PwC, also huge. In the short term these things have to happen or else?
No I did not. I learned not to overreach on options so I only play what I am willing to lose. I appreciate your reaction though. Thanks.
I had $90 calls going into the earnings conference. WRONG!!!