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I've been adding down here, but selling is killing any pops. Seems like flippers/shorts just rinse/wash/repeat. Hoping 4.00 holds.
Anyone adding down here? Picked up a few more at .1825. But, something doesn't smell right here, especially based on the recent selling.
Bailed at 16.36 and 16.42 right before it fell again. Made a few bucks. Now I'll watch as it goes green this afternoon LOL!
Watching close...
Out the last of my UVXY this mroning at 12.17. Moved some of that cash into SVXY. We'll see if the ONE time I get long the market it continues to fall.
Last sell was 10.97. Bought a few back at 10.71, 10.63 and 10.67. We'll see if we get any follow through.
Sold a lot more between 10.57 and 10.90. Have about 20% of my position left.
Took a few off at 10.34 and 10.47. Unreal that we can't get more than 50 points down on the DOW before buying kicks in.
I'm not patient LOL!. I rebought my entire position in UVXY today as low as 9.84. Probably too early, but this is craziness. Guess we'll see what next week brings.
WTF?!?!
Looking like the NetNeutral show around here. ;o) Congrats on all your success!
Seeing SPX 2870 targets. Looks like we're on our way. Added UVXY this morning at 9.97 and 10.07 because I got impatient. Shoulda waited. Have a bid in lower for more.
Took off some more UVXY at 10.30. Most likely the real fun will start when I'm almost out of shares LOL!
Missed it. Put an order in to sell a few at 10.30 as it was going back down but missed it. We'll see if we continue to fade into close.
Good to know. Never noticed that the charts match up like that. Thanks.
Not a huge technical guy, but since UVXY follows VXX, do the techs of UVXY even matter? Wouldn't it be better to track them on VXX?
Management has continued to under-deliver so I wouldn't hold my breath. It would be nice to see it come true, however.
Nice! I sold a little over half of my UVXY shares from 9.99 to 10.20. Average was about 9.20. Really thought we'd see more movement, but S.O.S.
So another intraday drop then back up another 50-100 points?
Added a few more at 4.34. Wouldn't be surprised if we see $4. The low float is making it easy for shorts to cash in.
This is straight up insanity...
Comments are good. Straight up like this, while everyone keeps saying is fine because BTFD is easy (and just keeps working), won't be good when something actually does make the markets turn. Seems to me that something will have to be a threat of a nuke from NK or something because markets don't give a fuk about anything else, it's just more up because tax cuts are making big $$$ for everyone that controls the market.
Added UVXY twice this morning...9.06 and 9.12.
Monthly RSI 14 at 87, weekly at 89 and daily at 83. BONKERS!
So are we going straight to 3000???
I added from 5 down to 4.71. Float is so low that even low volume brings us down fast. Looking for a move up just as fast if we get buying. Guess we'll see.
GLTY.
Selling is either someone trying to exit or trying to trigger stops under the 50MA.
Anyone still around after the huge move? I started buying over 6 and continue to average down around 5. Seems to be a lot of selling. Hoping the 50MA holds.
Added back some UVXY at 9.36 and 9.13. Not nearly as many as I want.
Sold all(~95%) but 100 shares of my UVXY between 9.83 and 10.04 this morning. Wasn't letting those profits get away from me again. Watching to reload.
Reloaded most of my UVXY shares yesterday between 9.04 and 9.13. Sold half of the new shares at 9.91 this morning. Unreal how much support the market is receiving even after a huge day yesteray.
Would be nice if we see the drop into Friday, but looks like they're gonna keep us flat to fuk premiums. Just don't see how there's not more selling up here. But WTFDIK.
This is straight up bonkers. We going for 2850-2900 next? WTF?
Thanks. Still stuck with almost half my position. Shoulda bailed on all of it. As always, one red day and straight back up. UGH.
Peeling UVXY shares off above 10. All over the place this morning.
Saw that, but volume seems too high for just that release. Almost seems like an email or something went out. Maybe peeps been waiting to jump in or it was just a large buyer. *SHRUG*
You know what's up with the volume? Been in it for a long time waiting for them to announce commercial production.
This is insanity...added more UVXY this morning.
OT: this is the problem with coal and other dying industries...unfortunately much of the workforce in these industries don't know any other skills because their families have worked in them for generations. Instead of promising to save them from the inevitable, a good leader should be creating programs to teach them new skills in fields that are growing and/or understaffed.
This mentality is the only way we will move forward. Unfortunately we've moved backwards in many of these aspects with the policies that are being enacted or removed. Also unfortunate, are the folks that don't want to learn new skills or expect someone to "fix" the problems for them. I guess those are the people who will be left behind as more and more of our work is done by technology and require new skills to become relevant in the workforce.
SPX 100-pt moves in 2 weeks every time. How is this sustainable? Straight up with 1-2% pullbacks in 2 days.