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One bright side is the last time the S&P traded finished this high tvix was at-least 30 cents lower then today.
Nice paint job eod lol. Is that the OTC urban legend for news
BMAK is on the bid side level 2 7's might get some action here. Which direction i have no idea.
IWEB 1/400 R/S 5 billion to 6 billion A/S
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10358519
Look at some of these buys after hours. Wow
Good strategy for playing this. I was flipping too and got caught after the fed meeting holding.
I don't know who is worse the FED or brokers/media telling folks to chase this rally.
Technically we had 6 distribution days in less then 30 days on the S&P, correction will resume
if the price of oil pulls back you will see spike in vix too. it just went negative for the day too.
Yeah its really low float. I think u saw someone corrected my post i added 0 by mistake. 300 a/s and 179 million outstanding. They had a convertible note with hanover to purchase 9.99% outstanding shares at lowest trading price. If they are done were good to go!
Just noticed thanks for the correction.
TA says 17932400 outstanding. 300 mill authorized. Last q there was reported only 79 million. Still GEM for pink share structure.. TUNG
The conversion with hanover is brutal there taking it down so they can buy back cheap. They will end up owning almost %10 of tung. Spring board anyone? TUNG
Magna (together with its affiliates) would
beneficially own more than 9.99% of the outstanding shares of Common Stock as of such date.
GAP down on S&P got filled it may breakdown again..
Just be mindful of the RS on JNUG coming up soon. It is a good play short term for sure. TVIX
BID is building nice! Monster move soon IMO. TUNG
Yup. Today will be 2nd distrubution day just in Dec. Institutions are moving money, another 4 to confirm trend though.
S&P 500 VIX Short-Term Futures index
Did not here that..... Nope.
Lot of folks buying and holding for something?? 14mill buys vs 9mill in sales. TUNG
How long do you think it can be sustained? after christmas/newyears?
I could live with that too! will be impressive portfolio gain
yup and who ever has been loading below trips is going to be well off. 1 tic 900% gain geez
Thx for your input! I read through some of your post interesting to follow. Member marked you. TVIX
Gotcha thanks for clarifying mgland
That is so lame i got all happy. even the link to TUNG otc website shows news is for this ticker. ticker conflict?
http://www.otcmarkets.com/stock/TUNG/news
so they actually OTC website confused the ticker?
Wow! thanks for posting link
Tungsten serves 56% of the Fortune 500 and 67% of the FTSE 100 by connecting the world's largest companies and government agencies to their thousands of suppliers around the globe. It enables suppliers to submit tax compliant e-Invoices in 47 countries, and last year processed transactions worth over $187bn for organisations such as Alliance Data, Aviva, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, Henkel, IBM, Kellogg's, and the US Federal Government.
Yeah no doubt there printing shares.. Still decent structure with low AS. Will be ATM till further notice
Your welcome learner09:) the tvix was harsh one but i added more. S&P was led by energy today even though oil is still below $70??HAHA. Only a matter of time before the VIX spikes hard. IMO
BY Dow Jones & Company, Inc. — 1:33 PM ET 12/02/2014
A consensus is building that recently wild swings across commodity markets will usher in anxious stock trading in the weeks ahead.
The CBOE Volatility Index has been pinned below its long-term average almost without exception since the start of 2013. It crested above 14 on Monday for the first time in a month before retreating 7% to 13.29 on Tuesday. It remains well below is long-term average of 20.
Yet some are looking for more volatility in the U.S. stock market with crude and gold prices flailing. Falling crude has also been hammering currencies heavily dependent on oil exports, such as Russia's ruble. This witches' brew of interconnectedness is likely to conjure up higher volatility readings in U.S. stocks, says Micheal Purves, head of equity derivatives research at brokerage Weeden & Co.:
"Crude oil volatility has made a series of steadily higher lows since the extreme lows in early July, and has recently spiked to three year highs. These dramatically lower crude prices magnify the divergence in macro economic conditions across several countries which in turn should enhance FX volatility. All of which should help nudging the VIX to a higher floor. Realized volatility too is starting to pick up.
"We urge caution here and think the VIX may well edge into a higher range in the coming weeks."
The so-called VIX is an options-based metric of how much investors are willing to pay for insurance on the S&P 500 index over the next month. The VIX tends to top when stocks fall, and vice versa.
MKM Partners' head derivatives strategist, Jim Strugger, is out with a report on Tuesday titled," Higher Volatility on the Horizon."
"Elevated volatility across other asset classes, particularly the spike in commodities, suggest it's time to shift moderately down the risk curve," he writes, meaning that "with investors under-protected, we like adding [defensive options] positions in January expiry to cover the period of vulnerability ahead."
Popularity of buying and selling exchange-traded funds and notes that track VIX futures have exploded in recent years. Recently, most investors have been pouring into complex products such as the ProShares Short VIX Short-Term Futures ETF ( SVXY) and the VelocityShares Daily Inverse VIX Short-Term exchange-traded note ( XIV), which are leveraged bets that volatility will be low muted. The XIV grew so fast in October that it became the largest VIX-related ETF on the market. A sudden uptick in volatility could majorly upset what has been a seemingly invincible trade in recent years.
Look for traders to pile the other way into products designed to rise with volatility, such as the iPath S&P 500 VIX Short-Term Futures ETN ( VXX) , ProShares Ultra VIX Short- Term Futures ETF ( UVXY) and VelocityShares Daily 2x VIX Short Term ETN (TVIX
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) . Already, VXX has taken in more than $200 million since the start of November, according to ETF.com.
seeing that 3.3 mil + buys just made my day... TUNG
Nice Volume and price action today. Cheers to those that got in 52 week low and are flipping this nutty etf..
When is the RS and what is the ratio?
Happy thanksgiving muga! Thanks for posting that chart. Cheers
Going to be a nice holiday season around here IWEB
Likewise.. I know they rebalance and settle often. But it was holding a good support even while S&P was testing new high's..
This is a wild one.. I’ve traded 3x inverse that were more predictable..
Indeed. Another plus, we havent seen any MM dumping in a few days. It was all retail flippers and also traders taking a loss if they bought in high on the run a few days ago.