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That's what I am thinking as well.
You have no idea to what you are talking about.
. Spot VIX is at 17.20. We most likely do"not" go up from here.
That's because it's full of clowns rambling nonsense.
Yes, it's really being taken to the woodshed. Down almost 10%. Ouch
Also oil and gold getting hammered early on.
I agree with this post.
A flattening yield curve the sign of a coming recession? Read more below.
The concerning bond trend that could rule 2015 http://www.cnbc.com/id/102218247
Good, people shouldn't be spending money anyway.
That's not what I am seeing the media reporting so far.
This turd has been done for awhile now. I don't know why people still have hope for this company? It has been nothing but a huge disappointment unless you were trading it.
So what's the DOW going to be? 30,000? These people who put out these predictions are just stupid!
That's the most sensible thing I've heard all day. Agreed.
Nice! That was a good post.
Bloodbath
Hahaha nice! That's probably pretty close to how it went down lol?
Futures down 200 points again. Oh boy today is setting up to be another explosive day! Contango finally unwinding here.
Insane buying going on pre market already!
I can only imagine?
As long as its not a big part of your portfolio. You should always lock in big profits though.
I really thought that we were going to see a -$500 day in the Dow today. It got close but didnt hold. It's a very similar pattern that happened in '08. I think an explosion in the VIX is on the horizon.
Believe me, I was really tempted to flip it once I saw that it was close to $6. But this thing has such wild moves I just chose to stay. I made a killing in 08 when this and the UVXY went crazy. I think that once we can unwind some of the built up contango in this we have a shot at making a lot of money here. I remember seeing $20-30 a day moves in these back in 08'.
I didn't. I bought in a $2.93 and have stayed put. Looking for a 10 bagger within the next couple of weeks hopefully. Keep up the great posts Goldtimer! I really enjoy reading them.
It's not a stock, it's an ETN. It tracks volatility or a measure of volatility in the market (VIX).
Lol! I love reading your posts, always both insightful and humorous. Keep up the good work! I actually started a small position last Thursday and added more yesterday. Today was a good day indeed.
Great analogy! Congrats on becoming a Grandpa again.
I would have to agree with everything that you have said here. There is no way in hell after all of the repeated victories Vringo has had throughout the Google trial that Google comes out unscathed. Clearly there has been some foul play here. The whole legal system is a joke!
It was related to a post below yours. Pay attention.
No. Re-read the post.
Lol NO!
CHP spends a lot of time on the SCRC board these days.
It doesn't matter if no one is here. It doesn't work that way. I do somewhat agree though, volatility is on the horizon. It's just a matter of time. I think the UVXY is a better play though. October is usually a little rough on the markets.
I would say that post was pretty much spot on. Couldn't agree more. I think for the most part that VRNG is dead money unless something magical happens.
This turd will probably still be stuck up against the side of the bowl for another 6 months to a year before it sees any significant upside. People should focus on trading any good small moves in the meantime to either lower their overall costs or to add to their core position. I honestly believe that we still have a ways to go before we can cash in this stinky stock so just trade it.
Ditto! What's the point of that and who the hell cares who owns what and how much? Must be a bunch of people coming over from the SCRC board. There's lots if that going on over there all of the time too.
Yes, this is one post that needed to be stated. Thank you. That is keeping it real!
Don't sweat it man, you will get your money back and more. Believe me, we have all been there with this stock. You are just going to have to hold it for a little while. Maybe a couple months or so but trust me you will get your investment back. Just be patient. Most on this board have been here since 2012 and know the ins and outs of this stock. You will be fine.
I hear ya. All I can say is to hold a core position and trade around it. This is the absolute craziest stock I have ever had! It's obvious to me that there is a lot of manipulation going on so the only thing you can really do is play along to your advantage until the status quo changes.