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FLIPPING KING
I sold all my TVIX in pre-market and picked up TNA. I ran TNA up to 35.84. I started to notice that TNA was going down so I sold it picked up some TVIX AT 62 AND sold that in the after-market at 65.20. I'm in all cash now. After all that flipping up only 10g. Probably be chasing it Monday morning, but I always take profit. TVIX is finally acting the way it supposed to.
GOOD LUCK AND HAPPY HOLIDAYS
DOGMA
Watch this
http://video.cnbc.com/gallery/?video=3000058719
This explain kinda explaining what is going with the vix
DOGMA
TNA is another one
TNA is down to the 30s it used to be up in the 80s back in July. This one moves like the TVIX but in the other direction.
DOGMA
I notice that too
The TVIX should be much higher and is lagging and seems to be fighting resistance. Investors are saying to hold the vix through the weekend. I took some off the table. It could be a good indication that there is just no more sellers out there and the bears can't push it lower. I already started adding stock for the upswing. There is alot of stocks that just been punished and are going to rebound nicely.
DOGMA
I know
I tried to short it when it was over 100, but couldn't. What makes you think the TVIX is goihg down or the volatility is coming out of the market?
DOGMA
I miss understood you
I can't short TVIX neither. If you want to short the vix short vxx or if you think the market is going up buy TNA.
DOGMA
Took some off the table
Never leave profit on the table. I will see on Friday how things are shaping up for the weekend and then decide if I want a larger position
DOGMA
German GDP reports tonight
I'm hoping for something below 5%. This will send the market tumbling if the GDP is bad.
DOGMA
Etrade
I'm able to trade TVIX daily with margin.
DOGMA
Do I hold through the Weekend
All I been hearing on CNBC is buy the volatility and hold through the weekend. Do they know something us retailers don't. They also said that the vix is lagging and needs to catch up. I got 2 hours to decide if I sell or hold through the weekend. I'm up and wondering if I should take some off the table.
DOGMA
Another Article
Recent weeks have been a swing trader's paradise. If you went long on the big dips, and shorted every rally, you'd be sitting on some hefty profits at this point. This hasn't been exclusive to the stock market either - even the massive liquidity in the forex market hasn't prevented volatility. No currency has been spared from the pain except the US dollar, which has become the lone safe haven in a sea of trouble.
Mix in the intensifying financial drama in the Eurozone with the looming supercomittee decision and US GDP data set for Tuesday among other big releases, and we've got a recipe for a very volatile and meaningful week in terms of direction. The VIX (the volatility/fear index) should probably do quite well. You can go long the 2x leveraged VIX ETF (TVIX), which is an immensely volatile instrument for only the craziest of traders, or you can go with the the less crazy ones, Velocityshares VIX futures (VXX) to play long volatility or the inverse ETF (XIV) to short. Remember, volatility can be positive if stocks are rocketing upwards too fast. It's not the same as a short position, although it tends be due to the speed of selling relative to the speed of buying in stocks.
Anyway, here are 3 big events that should set us up for the next big move in the markets.
1.) The Bond Market Will Make or Break European Sentiment
The bond market has always been the "gravity" of the financial world, but we've all been paying attention to the comparatively meaningless gyrations in public company values. The bond market is what will make or break Europe. Someone has to keep the money flowing, or the train crashes. Right now, the only institution crazy enough to be on the long side of risky Eurozone debt seems to be the ECB, which is single handedly keeping the financial markets afloat with bond purchases.
To get a visual of what's going on, take a look at how yields have behaved for Italian, Spanish, French, and German 5-years.
click to enlarge
What's the odd one out of the pack? Here's a hint - they've got a AAA credit rating and are probably about to lose it.
That's right - France. The bond markets have suddenly woken up to this nation's correlation to the fate of Italy, which have caused interest rates on its 5-years to explode. The worst part is that France is not one of the PIIGS - this is something new. They were supposed to be one of the "good" ones. That whole contagion thing everyone was talking about it starting to scare the hell out of France's debt market. Will this be the straw that breaks the camel's back, or will this be the turning point towards a fresh delay of the inevitable?
If you want to bet long or short on the fate of France, you can simply use BNP Paribas SA (BNPQY.PK) since it's basically a mini-France with all the Italian debt it's carrying.
2.) The US Super Committee Will Drive American Sentiment
With every other headline talking about Draghi and the ECB slipping on or avoiding banana peels and the breaks and retreats in sovereign debt yields, we've seemingly forgotten that we (the US) are the king of debtor nations. It's true that our debt-to-GDP is quite far removed from the likes of Greece or Italy, but we're in way over our heads.
The super committee is due to have solutions by midnight on Wednesday. As always, bipartisanship has been getting in the way, but if they manage a solution it could be quite beneficial to a market looking for some good news. Pressure on risk assets might finally ease up a bit, and send US stocks higher.
3.) The GDP data will give us more clues on the recovery
There are two extremely important figures being released this week. There is US Q3 GDP due on Tuesday morning, and there is German Q3 GDP due on Thursday before the European open (when us Americans are asleep). For the US, we're thinking somewhere around 2.5% growth annualized. For Germany, a more pessimistic .5% or so.
These numbers are critical because it will be a good way to figure out the direction of the general economy. The United States has been posting some pretty good numbers, and if we get a strong GDP number to confirm it, I think we're set for a significant relief rally in the stock market. Germany's GDP is especially important because it will be a sign as to whether or not the Eurozone will be able to sustain itself (Germany has been funding the ECB by a disproportionate amount, much to the dismay of its citizens).
On top of GDP, we also have durable goods numbers coming in from October (for the United States) which will give more insights into big-ticket purchases in the country. If we are showing signs of another recession, governments with shrinking tax revenues are going to be in deep trouble. If we're recovering, increased tax revenue should significantly alleviate the problems we've been having. A few little variables can be the difference between a severe downturn and a big recovery at this time because we're at the edge of a knife.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in TVIX over the next 72 hours.
from etrade
I got this off of my etrade account explaing the TVIX ETFs AND ETNs
The investment seeks to replicate net of expenses the returns of twice (2x) the daily performance of the S&P 500 VIX Short-Term Futures index The index was designed to provide investors with exposure to one or more maturities of futures contracts on the VIX which reflects implied volatility of the S&P 500 index at various points along the volatility forward curve The ETNs are linked to a multiple (2x) of the daily return of the index and do not represent an investment in the VIX
Warning: Leveraged and Inverse ETFs Kill Portfolios
Morningstar
Paul Justice, CFA
Too many people are making sucker bets with these products.
If you've ever purchased an ETF labeled as Ultra, 2X, Double Long, or Inverse, please read this article. It will take only a few minutes of your time, and it just might save your retirement.
I recently returned from the 'Inside ETFs' conference, which is widely attended by ETF industry insiders and financial advisors, and I was shocked to learn how many people have a misconception as to how these funds work. And this sampling was not of novice day traders--these are professionals and financial advisors. They research a product before they dispense advice or buy something.
My intent is not to scare you away from pursuing an actionable investment idea. If you're hell-bent on using leverage for any period of time longer than a day, you'd be better off using a margin account in almost any real-world scenario. This is not an opinion--it's a highly likely statistical probability. And interestingly enough, each successive time you bet against the odds, probabilities tend to become mathematical facts. It is my fiduciary duty to inform you as to why these products do not work exactly like their names imply, and I urge everyone in the ETF industry to embark on a similar public awareness campaign.
Today, there are more than 845 ETFs on the market. Some are great products that have greatly enhanced the investor experience. Others are betting mechanisms that can scorch your portfolio in just a few days. When we put together an ETF research report, and we currently cover more than 300 ETFs that represent over 94% of the market's total assets, our intent is to let you know how to use these products properly. We start with a suitability assessment, or our view as to which type of investor should use each specific product and how. With virtually every leveraged and inverse fund, I can tell you that they are appropriate only for less than 1% of the investing community. Considering that these funds have attracted billions of dollars over the past year alone, it's pretty obvious that too many people are using these incorrectly.
Check Out these Returns (or Lack Thereof)
Pointing out that leveraged ETFs are working as they were intended would hardly be shocking news if the returns these funds were producing were not so, well, shocking.
Here are three funds that track the same MSCI Emerging Markets Index: Vanguard Emerging Markets Stock ETF VWO, Short MSCI Emerging Markets ProShares EUM and UltraShort MSCI Emerging Markets ProShares EEV.
To summarize, one fund tracks the index and lost 52% last year, one aims to deliver the inverse of the index and gained 20%, and the last aims to deliver twice the inverse of the index and lost 25%. Did you follow me there? While the fund that held the stocks lost 52%, the one that aimed to deliver twice the inverse also lost a substantial 25%. And the funds worked like they were supposed to. And this was one of the better performing examples. At least the inverse fund, which is meant to be used only for a single day, produced a positive return, as expected. Check out this next example.
If you were prescient enough to predict the collapse of real estate last year, you could have earned a savory 40% return by shorting iShares Dow Jones US Real Estate IYR. So logic would hold that owning UltraShort Real Estate ProShares SRS would have produced a positive 80% return, right? Absolutely wrong. I say absolutely because, in absolute terms, you would have lost even more money using the double-short fund—which is supposed to go up when the index goes down. The disappointing truth: the funds worked like they were supposed to. Before you declare my last statement as blasphemous, the fund did indeed perform as the prospectus declared it would. It is the investor that held the leveraged or inverse fund for more than a single day that erred in practice.
Buying the double-short fund would have produced the most negative of investing emotions: right thesis, wrong execution.
Maybe international and real estate examples don't suit your fancy. Let's move over to the energy sector with sister funds Ultra Oil & Gas ProShares DIG and UltraShort Oil & Gas ProShares DUG.
Oil and gas producing stocks went for a wild ride in 2008, spiking for the first seven months of the year and cratering the rest. So which of these leveraged ETFs made money for you? Neither. They both lost, with DIG down 69% and DUG down 19%. And again, the funds worked like they were supposed to.
Why Joe Camel on the Label Trumps Warnings of Death
We laud ETFs for their transparency, tax efficiency, low costs, and liquidity. It's no wonder this group has continued to attract new assets even as the market has floundered. But just because these funds are transparent does not mean that a potential investor does not need to look under the hood before purchasing. There's more to the structure than the name implies.
It's pretty easy to understand why some investors would be attracted to funds that promise double returns. For example, let's look at the uninitiated investor that is considering a purchase of the NASDAQ 100, to which investors can easily gain exposure by buying PowerShares QQQQ. Here's the typical (misguided) thought process:
I'm convinced that QQQQ will go up 10% a year, so I'd like to own it;
But there is a fund, Ultra QQQ ProShares QLD that promises 2X the Nasdaq's return.
And 20% is more than 10%;
So I'll just buy the leveraged fund (QLD) and be twice as happy.
Seems like a reasonable conclusion, right? After all, the fund's literature clearly promises twice the daily return of the index. But the key word is daily. Daily is not monthly, and it's definitely not annually.
In every leveraged ETF report that we write, we warn investors that the math behind daily compounding will not work because of compounding arithmetic and constant leverage, but I get the feeling that the message is not getting across. I'm visualizing many readers' eyes becoming glazed at the very thought of walking through the algebra, so I'll try to make it as exciting as algebra can get. But please stick with me.
I think that we can we all agree that Albert Einstein was pretty smart. Legend has it that the theoretical physics' MVP of all time famously stated that "the most powerful force in the universe is compound interest." Many people have been persuaded to start investing after seeing this very simple example of compounding's magic. Let's say you put $100 in a savings account that pays 10% per year. After one year, you'd have made $10 in interest ($100 multiplied by 0.10), so your balance stands at $110 (your original investment of $100 plus $10 interest). If you leave the entire sum in the account, at the end of year two you would have $121. With the same 10% interest rate, you made $11 ($110 multiplied by 0.10) in year two versus $10 made in year one. As the adage goes: "Your money is working for you." Continue this same math for seven years, and your account would nearly double, ending at $195. If you divide the $95 you made over seven years, your average return would be 13.55%. Clearly, the average return on your initial investment exceeded the interest rate of 10% that occurred every year, or the rate that compounded.
But there is one interesting characteristic in this example that does not apply to the stock market: The returns were positive in every single period. Stocks tend to wax and wane from day to day, going from positive returns one day to negative the next. It's true that stocks, on average, have produced higher returns than fixed-income over long periods of time, but we've already demonstrated that average returns and compounded returns are very different animals. The point I am trying to make is that coming up with an actionable investment thesis (i.e. stocks look cheap) is difficult enough. Trying to also predict the exact timeframe over which your idea will become reality is even more difficult. Finally, actually detailing the path--knowing how volatile the daily price swings will be and in which direction--is nearly impossible. If you intend to hold leveraged or inverse funds beyond their compounding periods, you'd have to be right on all these factors to get double the index's return. In other words, when employing leverage and compounding returns, predicting your return is only part of the challenge. You also have to correctly predict the path the investment is going to take.
Notice that Einstein declared that compound interest is very powerful, but powerful forces can work both for and against you. Interestingly enough, anytime you compound a negative return, its impact is always more pronounced than a positive compounding of the same magnitude. I'll demonstrate with a two-day example.
Let's say you make a $100 investment in each of three funds. One is a simple investment in an index. Then you have two leveraged funds that compound daily; one is double-long and the other is double-short (returning twice the inverse of the index). After one day, the index returns 10%. The index value would then be $110. The double-long would add 20% and end at $120, and the double-inverse would lose 20% and end at $80.
On day two, let's say the index loses 10%. That means that the average return [(10% -10%)/2] would be zero. However, the index itself would end at $99 because 10% of $110 is $11, and $110 minus $11 is $99. The fund that promises double the return of the index but compounds daily would end at $96. Remember, this fund started the day at $120. Its return for day two is -20% (double the index's loss), and leaves it with a $24 loss for the day. So, $120 minus $24 is $96. The double-short fund would also end at $96 because 20% of $80 is $16, and $80 plus $16 is $96.
If you were to repeat 10 consecutive days of up 10% days followed by down 10% days, both of the leveraged funds would end up at $81.54, which is a sizable difference from the $95.10 the index would end at. Repeat this process for only six months, and your 'investment' in either of these leveraged funds would stand at only $2.54. Yes, that's a 97.46% loss. Talk about tracking error.
That's why compounding of daily returns is the dead horse that apparently needs a little more beating. Leveraged and inverse ETFs are NOT meant to be held as long-term investments. Let me repeat myself: Very bad things not only can happen whenever you hold these ETFs longer than their indicated compounding period (typically one day for stock-based ETFs, sometimes monthly for commodities), you are almost mathematically guaranteed to get a return that is not double that of the index. In fact, the longer you hold one of these funds, the probability that you will get nothing close to double the returns increases. Not only will the magnitude of your returns bounce around, you might not even get returns that are in the same direction as the changes in the index. (I'm not making this up. Please look at the above graphs again).
The Curious Case of Google
Just as we know that no real world indexes go only straight up, we also know that many don't have each up day followed by an equal but opposite down day. So here's another example: Google GOOG, which was an instant sensation when it went public in August 2004. Let's pretend that you were not smart enough to get in on the IPO date, but you jumped on the Google bandwagon instead on Jan. 3, 2005, at the market closing price of $202.71. You would have been euphoric until Nov. 6, 2007, when the stock closed at $741.95. At this point, you're ready to declare yourself a stock market genius and ponder buying a modestly sized sailboat, which you'll name "Market Timer." Alas, you fail to pull the sell trigger that day, and you proceed to hold on to Google until the end of 2008, where the stock closes at $307.65. At this point, you'll refrain from writing your investing biography, but you're content enough with your 52% return given that the S&P 500 has done nothing but nosedive.
Let's also pretend that you're more than willing to share your market insights with your hyper-competitive brother-in-law. You let him know about your Google purchase the moment you pull the trigger, and he jumps at your idea. However, he's crafty. He finds an obscure ETF that promises double the daily returns of Google for a low 0.75% per year fee. Fast forward to Google's high in November 2007. While you're delighted that your sister will be well provided for, his non-stop bragging about his 677% return is driving you nuts. You're thinking about getting a recreational boat, and he's boasting that you can dock it at the lake house he's going to buy. And this jerk's doing it with your idea.
Alas, once he hears that you're not ready to sell, neither is he. When the two of you meet up again for New Years 2009, he's fuming because he's not only given back his gains, he's actually lost 2% of his initial investment. That's right, you're up 52% and he's lost money. You'd like to smirk, but your poor sister is married to this knucklehead. To add insult to injury, you have to pick up the tab at the end of night because he's broke. He would have had to not only capitalize on your investment idea, but also mimic your execution in order to have been positive. Compounding returns strike again.
Here's my last example. If you've already wrapped your arms around the concept, please skip to the next section. This time around, I'll use a pretty little table to illustrate my point.
I've constructed an imaginary fund that delivers twice the monthly returns on a barrel of crude oil, charges an annual fee of 0.75%, and pays interest at the T-Bill rate of 0.30%. If you're curious, this is very similar to PowerShares DB Crude Oil Double Long ETN DXO. Let's say oil is priced at $35 today, and the price is going to go up by $5 every month for the next six months. After six months, you'd be delighted to see that your initial $100 investment had grown to around $325, which is even greater than twice the promised return. The reason the fund would have gained 225% up to this point is that there was no single downtick: It was a perfectly straight upward trend. This is an event that very rarely happens in reality over long periods of time. One of the only examples I've been able to find that exhibited this behavior was the Fairfield Sentry fund. That was managed by one Bernie Madoff, and it turns out those returns weren't so real after all.
Back to our example. Now let's assume that the good times are over, and over the next six months, oil goes down by $5 per barrel per month. It then ends the year exactly where you started, at $35. Due to the disappointing mathematics of the volatility drag, you would lose around 13% of your original investment, thanks to the fund's leverage and compounding. Oddly enough, the single-short ETN (betting against the index but without leverage) has the same return profile as the double-long ETN. Furthermore, the returns grow more negative with each successive layer of leverage employed.
So Why Are We More Concerned Today?
In November 2008, Direxion released the first slate of triple-leveraged exchange-traded funds, and the market welcomed them with open arms. In a matter of weeks, the suit of 14 ETFs attracted more than $1 billion in assets, and the firm has expedited the issuance of similarly structured funds.
I think that making 300% bull and bear funds available is good thing for the ETF market--but that doesn't mean it's right for you and me. I am not blaming the institutions that sponsor these funds. They've been very forthright about disclosing the potential shortcomings of these products. The ETF structure is well-suited to house these types of instruments, and there are a few legitimate uses for these funds (mainly for people who manage large sums of money). Any investor that takes the time to thoroughly read and comprehend the prospectus will realize that, when held for anything longer than a few days, the deck is stacked against them under most market conditions.
Here's an example of who could potentially use these funds. Let's say that you're a diversified large-cap mutual fund manager that is facing redemptions. You're going to have to liquidate several holdings, but you don't want to lose your exposure to the market. You could purchase a slug of these leveraged funds in the morning, sell three times that amount of your other holdings to raise cash, and then sell the leveraged fund at the market's close. You would have maintained your market exposure for the day without having to rush at the market's close to dump some holdings.
Another use for these funds is for short-term speculation. If you're inclined to bet--not invest, I said bet--as to what a sector or index is going to do over the course of a day or two, go ahead and use these funds. Good luck. I've never met an investor who can consistently execute this strategy (though I've met plenty who claim they can).
Perhaps investors have been lulled into complacency. After all, most ETFs are extremely transparent, have rock-bottom fees, are extremely liquid, and track their respective indexes in virtual unison. The traditional unleveraged products have worked so well at tracking indexes that perhaps prospectus reading seems like an unnecessary burden. I hope this is not how some investors have evolved, but the asset flows are leading me to believe otherwise.
Yes it is and I think half a day on Friday
Back to all Cash
Man what a crazy market. I made a little today, but I'm back to all cash. I can't figure out which way the market is going to go. I don't think the 1185 S&P support level is going to hold. I think the TVIX is going to trade down to low 50s and high 40s.
I don't know. I might stay into cash through the holidays, but then again I love to trade. Good Luck
DOGMA
S&P 1185 is holding
FXE just jumped positive The FXE mesures the Euro
TVIX seems to me wants to go down. I'm still holding and bought more TNA looking for a rebound.
DOGMA
What made me get out
I have seen this before On Oct 3rd when the market was down big and the TVIX was acting like it was today. You all know what happen in October the Market rallied like 18%. This sure has the feeling of a rally where we don't have anymore sellers. I think we run North from here. I jumped into GLD, POT, TCK. I love the metals and coal. I think materials leads us North. Now watch tomorrow I will be wishing I never post this. That is why I will never give up my day job. IMO
DOGMA
WOW
This is crazy I got out at 62.15. This should of went higher. I'm nibbling at POT and TCK these 2 stock are undervalue. Hope for a bounce tomorrow.
DOGMA
NOTHIN TO PUSH TVIX UP
All the cash is on the sideline No fear in the Market to drive TVIX up.
DOGMA
No fear present
I sold going to start a position in TNA
DOGMA
I see that
I can't figure it out. TVIX should be up like 10 to 15 points, but it is trading sideway. I'm going to hold into the close. We have seen where it jumps 10 points in the last hour.
DOGMA
Tell me about it
I got my drop in the S&P at the end of the day on Friday, but TVIX also went down go figure. I was going to sell in after market, but the damn thing kept going down. During Friday I seen the S&P failed at 1225 twice. The uptrend is broken and with Europe, and the super committee putting pressure on the market it looks like we are going down, but then again any good news shoots it up 200 points. Very very very hard to trade this market right now even as a tech trader. I can't hold a stock more than a couple of days.
DOGMA
I didn't sell
I didn't sell any of my TVIX. I'm keeping my fingers crossed. I can't believed it PEDdrop more before close then dropped more in after market.
DOGMA
rally very weak
I'm looking for a sell off at the end of the day. Very low volume. Plus nobody wants to hold into the weekend. Look for a sell off of course IMO. Got back into TVIX at 59.00 and might sell into the close or in the aftermarket. I'm not going to hold this going into next week. All cash over the weekend. I will Sleep better for sure.
DOGMA
Agree
I think the market will go up in the morning then a drop off in the afternoon. I'm buying in the morning
DOGMA
Follow the FXE
the FXE is the ETF for the Euro. I sold this morning pre-market. The FXE was positive and going up. Once it started to decrease before noon I bought TVIX again I sold the TVIX half an hour before close THE FXE was increasing. I'm looking for a little rebound tomorrow. Looking to get back in TVIX on pull back. Always take profit. I just don't trust this market been burned to many times holding going into next day. I'm hold cash right now.
DOGMA
got me some TVIX
got out of HD when it was green broken even and picked up some TVIX around 53. You can not hold a stock more than a couple of days. follow FXE it tracks the Euro has fallen below 134 support level Whent the FXE goes up the TVIX goes down and vise vera. 1225 S&P should fall tomorrow if you see a rebound off 1225 sell. if we close below 1225 we will go and test the lows again.
DOGMA
I live on Lake Superior
and I met God. I got caught in a storm with a 17' ski-boat the day was sunny and in a blink of an eye the wind picked creating waves of 5 to 6 feet. I was tossed around like a rag doll. One wave I remember looking straight up at the sky or God while in my captain seat. My boat was vertical I thought I was going to flip backward. It was only a 1 1/2 mile run to shore but that was the longest 1 1/2 in my life.
DOGMA
Good for you
Yesterday I got into Home Depot HD. I was going to sell in pre-market this morning when it was up, but I got greedy and let it ride and now I'm actually down a little. HD had an outstanding quarter and even raised guidence and dividend and the stock went down. I'm hoping for a rebound tomorrow. There is a tug-a-war going on between the bulls and bears.
DOGMA
SOLD IN AFTERHOURS
Well I sold my 1000 shares of TVIX in afterhours only about half hours after I bought them made a fast grand. I have a feeling the market is in limbo. I'm going into Monday with all cash. I'm looking at Home Depot. They report on Tuesday Morning, but LoweS reports Monday morning. I will get a good look what HD will report after Lowes report and techs on HD is about to breakout above 40. IMO
DOGMA
i HOPE YOU SOLD
I hope you took some profit when it was over 60. I sold at 57 made some money bought ssri right after they reported was way oversold bought at 14.85 and sold at 15.80 made some bucks, Just got back into TVIX at 50.20 hoping for the Europeans to do what they do best SCREW IT UP.
DOGMA
Alabama County to File Biggest US Muni Bankruptcy
Market goes lower
Didn't Meredith Whitney predict this see link
http://finance.fortune.cnn.com/2011/06/06/meredith-whitney-state-finances-are-worse-than-estimated/
DOGMA
Hope you pulled your sell at $60
TVIX is going higher
I was up at 3am this morning and turned on the tv and seen we were down 200 some points. The next 4 hours were painful waiting until pre-market. I sold everything I made a little in TNA, but could of made 6g if I sold the other day. I jumped in TVIX with everything I bought 2000 shares at 53.05 and still holding for big returns.
I thought for sure the market was going higher after the China report late last night, but leave it up to the Europeans to screw it all up. I'm telling you those poor hedge funds mangers are losing a ton of money. They can't get in and out as fast as the retailer traders.
The charts are in limbo. We are at the support level of 1225 do we bounce or go lower. I'm saying lower and if we go below 1205 they say we will test the lows again of Oct 3rd of 1090s
Chirst who knows
DOGMA
Did you sell at 54?
I'm glad I was away from a computer or I would of sold my TNA when it was down, but it rebounded and down only a little.
dogma
Market is nuts
I got back into TNA @ 43.00 on Wednesday
Them damn Europeans. They can't make up their minds
I'm predicting the market to move up and challenge the 1295 on the S&P but then again I should pull out the dart board and have the dart board pick my stocks.
Are you back in?
Dogma
Better Call Purdue Univ
Bankshot you better call Purdue Univ
New Machine Learning approach for classification of unclassified/unknown bacteria"...the BARDOT system teaches itself through highly creative machine learning, artificial intelligence. This is the last I post on the product. I'll only post, in the future, on my perception and alleged evidence of the fraud. GLTY:
I have talked to the Sales person for the BARDOT and I quote him. The BARDOT cannot identify unknown bacteria. It will list the unknown bacteria as unkown. If the bacteria does not exist in its database it cannot identify it. This is far far far far far from artificial intelligence.
DOGMA
THERE ARE NO SELLERS
cause I hoarded all shares in the .003s
DOGMA
I know
I was watching the TVIX all day wondering if I should jump in after it being up only $4. I sold most of my TCK and was looking at TNA and TVIX. I stepped away from my computer for a hour and the TVIX double. I didn't buy anything cause I don't know which direction the market is going. The techs are saying it is going to bounce between 1190 and 1200. The market wants to go up and I think we may have a couple more down days. I'm going to start to buy the TNA tomorrow and Wednesday. I think the jobs report on Friday is going to send the market higher. IMO
DOGMA
Hope you didn't sell
Sell in the aftermarket up over a buck
Should of got in
Next time
Dogma
I'm in
I have been accumulating more shares in the .003s to my 5 million shares.
DOGMA
I won't get into TVIX just yet
The Market wants to go higher and you got hedge funds managers and mutual funds manager that are chasing. Look at the charts. Everything has broken down for the bears. The dollar has broken down. I will start buying TVIX when the S&P reach 1300 the next resistance. It looks like this rally will continue till the end of the year. Trade the TNA this thing moves like the TVIX but for the bulls. I got into TCK a mining company right before they reported a blow out quarter Made a nice chunk of change, but I'm still in it. This stock will goto 60 to 70 by the end of the year. SSRI is a silver mining company. Heavy option in this one for the 20 November call. This stock will goto 25 or higher. SSRI reports on Nov 7th. I watch alot of CNBC. You have to follow the money and get in before the big dogs do.
DOGMA