Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The VIX is barely holding 23. How much more phony? That's up to the money masters who control it all. You'd think in these uncertain times of lockdowns and stolen elections that gold would be flying up. NOPE! They got that back down, too.
Honestly, I don't know what will happen tomorrow, but the long-term trend on UVXY is always down. I may just get out regardless and wait for the next reverse split.
The $12s looked mighty good when this was just at $20 a short while ago. But then $10 will look cheap. then on down from there. A bargain! Uh, no.
The futures are saying 'stopped out' here for tomorrow.
I would never ever hold this for a week--and tight stops are in order here. I got some in the upper $12s. Will have a stop at around $12.50.
People who hold UVXY for a while and average down usually end up with very heavy bags. The LONG TERM trajectory on this thing is always down. Short term hold only !
Being a gambler, I grabbed some into the close. Probably a stupid thing to do, but I'm holding over the weekend. The market is a big bunch of phony baloney, but it can keep getting more phony.
I already tried and got stopped out today. Let 'er drop.
Gold always goes up during times of crisis....oh wait.
No.
UVXY is broken now....may as well wait for the next inevitable reverse split before trying again.
Don't need a rudder when it's dead in the water, lol
They're claims, not mines.
"50 legitimate silver mines"
As for naked shorts, those shares are created from thin air and allowed to be sold due to a hopelessly corrupt system that allows them to get away with it. Remember CMKX Diamonds?
PUGE IS HUGE!
What goes up must come down. And down some more.
They're not trying--they're succeeding. Heading for .02s today.
Complete and utter garbage--a miserable scam that is heading to copper land.
I didn't think they were still allowed. Maybe their legacy is grandfathered in somehow.
This had to have been heavily shorted and many shorts don't think they have to cover since bankruptcy should mean the common stock goes to zero. HOWEVER, the trend lately is a hefty pop which forces a short squeeze. We've seen it happen many times. Not sure it will happen here, but it's a possibility.
"They just want to empty the company's cash register. '
Exactly right.
Yes...it's going down for the count. Again.
Right now. OASPQ
Close to zero, yes. It might still trade after BK
Hard to buy it when the market that's no longer tethered to economic reality goes up every day.
Well, I guess it is tethered and the reality is this: The Fed and Big Government have teamed up to create endless welfare bucks for the discontented masses. Bread and circuses.
The easy money (from those who don't need it to pay bills) gets put into the bubble, aka 'stock market.'
I haven't checked, but it was probably also heavily shorted at much higher prices--maybe even heavily naked shorted.
Wouldn't be surprised to see this 'trading' at a buck in a week or two.
It won't help. They don't give two shakes about shareholders. It's a garbage stock and heading back to the cess pit from whence it came.
Glad I took my loss a few days ago.
Don't buy this folks--it now only goes in one direction:
STRAIGHT DOWN
It is what it is, indeed. What it ain't is a market based on reason and logic.
Well, that was a mistake. Trump can't make up his mind. Funny how a president can move the markets 400 pts up or down by talking about stimulus or lack thereof. Heaven forbid the markets move based on real economic data.
Stocks Plunge After Trump Says He Halted Stimulus Talks Until After The Election
I'm chasing this now--paying off so far. We'll see.
"corrupt families that dictate everything "
Yep....those powerful families own the Federal Reserve, which is neither Federal, nor a Reserve.
Yeah, I'm glad I got out of this--looking like nothing but the usual dilution scam.
The dilution is strong in this one.
It can only go down at this sad point. I'll admit I'm a bag holder and my bag can't be as heavy as some here. When everyone capitulates it will be back at a buck. Probably deserves to be a few cents.
Sorry--I'm feeling bitter today.
Selling off on heavier than usual volume.
Stick a fork in this one...at least for the foreseeable future.
Well said, and the corruption goes to the very top. That top being the Federal Reserve and their immoral system of money.
OAS is toast, unfortunately. When oil prices were higher they had potential.
"Much like consumer credit card (revolving) debt is also unsecured as opposed to mortgages and auto loans"
Yeah, it's not a LOAN--a credit card is unsecured debt and the banks love it when people keep paying the interest and not the principal. What many may not know is this: The banks create that money from thin air thanks to fractional reserve banking. Free money for them and if they encounter some deadbeat who can't or won't pay what is owed them, they simply write it off on their taxes. Then they sell the debt to sharks--the debt collector parasites, who then harass and lawsuit the non-payee into hell.
That won't happen here. The owners probably enjoyed their golden parachutes and didn't lose a dime.
At the very end, the common shareholders will lose.
It's fairly ugly already.
Buy ugly, sell pretty--ha ha
Common shareholders almost always get drilled first...but they say the company is still operating--just under the debtors' control.
Chapter 11. I'm surprised it's not down more than it is.
The Company will continue to operate its business as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and the orders of the Bankruptcy Court.
A lot of pockets were lined here at the expense of shareholders.
You're doing good now. A bit more volume coming in, but this remains very speculative and news-dependent. And the news drought continues...
Bid has dropped down to $8.20.
Larger than usual volume. Bagholders abandoning ship, I guess.
What a shame.
Quite a beating today. Gold losing support.
This might be worth a shot at $1.
Despite the Hindenburging here, it's still way overvalued.
Got back in here. Silver is due for a bounce. If it continues to go down, it's pretty much done--broken.