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If it goes to 20 I might take a vacation.
Started increasing position a few times a week. Waiting.
Trading halted again in the premarket.
This run has re-ignited my interest in this sector as a whole. I wonder if the fact that the rest of the market totally tanked had anything to do with the abrupt pullback. It's also very strange that they would halt trading 2 times in one day. I've never seen that done in a situation like this.
I'm in but have my finger on the trigger...lol
Not for the faint-hearted. Might be taking a lunchbreak.
Congratulations MBRX! Bought this on a whim yesterday morning !! So glad I did too!!
Bought in the am about 5 minutes before the drop. A lot more strength in NG than I expected. Holding to next week.
I flipped out close to the end of the after hours session also. Luckily, it now looks like oil is attempting to recover. Rest of the week should be interesting.
Decisions, decisions. Not an easy call but it does look like it could deteriorate further.
That would be awesome!
Very tempting. Considering going partway in also but keep wondering how low it might drop from here.
Might not take to long to hit that target area the way things are going here.
Asia markets are tanking overnight again. Agree that it looks like it could be a long wait here.
Put my money down and rolling the dice.
In TVIX at 5.89. Looking for a market reverse as soon as the festivities subside.
Pulled out 80% of everything on Friday. This market is so freaking crazy, between the oil debacle and the elves threatening to strike, I don't trust anything going on enough to hold anything more than a few days here.
S&P degrading below 2000. End of day could still go either way.
Sold a smidgen in case it goes down or oil starts to recover. I do not think this market will go anywhere until after the announcement on the Feds rate hike decision.
TVIX flirting with $9 in the premarket. Hoping for $10+ today. Energy is sucking the life out of the market.
Crazy that the S&P & TVIX are both up. Maybe they don't want to let any cheapies go ahead of next week.
Looking good here today. Like to see at least some $7's here today.
Awesome call Claws!
Hoping for double digits on this too. Meanwhile, oil is hitting new lows as opec fails to follow through on promises to stabilize the market. Cue Janet Yellen.
Jobs report - 211K new jobs vs. 200k expected.
This could get really interesting here. Could see extreme turbulence as a result of the convergence of the Santa Pants Rally and Fed Rate Hike. On the other hand, the market could continue to limp along as its been prone to and do absolutely nothing.
Good point! Whether the fed raises or doesn't is a no win in either event and has almost turned into a trillion $$$ carny sideshow.
I'll be holding until there is some kind of capitulation one way or the other.
As callous as it might seem, I think that Russia is not the USSR and probably sees the conflict as elevating their profile in the ME. However, the conflict in Syria is better described as a Third World War, not World War III. Russia backing up the regime there is prob'ly prolonging the conflict and is very damaging to what reputation they have left.
Now if one of the parties took at shot at Iran, the market would prob'ly react a little stronger.
Good Luck.. I'll be staying at the Holiday Inn.
Sorry to frighten you! Oh, no, no, no. If I win the jackpot, if the market heads South, I will check-out and take a much needed vacation. Really having a great time watching & trading this so far.
If I ever make it all back I will take a very long vacation. So long, people will think I died. In the meantime, I'm practicing for the big one.
At these prices in this market, chances are pretty good it will come around sooner rather than later.
Mea culpa.
https://en.wikipedia.org/wiki/World_oil_market_chronology_from_2003
2008: oil prices peak at $145.85 then bottom at $32[edit]
March 2009, Dunellen, New Jersey
On July 15, 2008, a bubble-bursting sell-off began after remarks by President Bush the previous day that the ban on oil drilling would be lifted.[41] This precipitated an $8 drop, the biggest since the first US-Iraq war. By the end of the week, crude oil fell 11% to $128, also affected by easing of tensions between the US and Iran.[42] By August 13, prices had fallen to $113 a barrel.[43] By the middle of September, oil price fell below $100 for the first time in over six months,[44] falling below $92 in the aftermath of the Lehman Brothers bankruptcy.[45]
A stronger US dollar and a likely decline in European demand were suggested to be among the causes of the decline.[46] By October 24, the price of crude dropped to $64.15,[47] and closed at $60.77 on November 6.[10] By the end of December, 2008, oil had bottomed out at $32.
This is different from '08 because we were paying $4/gallon at the pump. It was awful. I haven't seen any analysis or scenarios that show oil recovering until supply issues are addressed. Gold & Silver also attempting to recover but barely treading water. Today and the rest of this week could be a good one for tvix.
The market generally doesn't go down in response to acts of terror committed by murderous thugs. These type of events have little or no impact on the long term view of the economic and financial reality. The market reacting to this type of act would be akin to world leaders bowing in to their demands.
After the airline attack, the Russians and Egyptians tried to downplay the likelihood that it was an intentional act.
Prayers to the victims of these horrendous attacks on freedom and liberty.
Still holding half my shares after getting stopped out around lunchtime. Getting out too soon in August is still fresh in my mind....but you never know... Undecided whether the market action is a show or if things are really that bad that the overall market does not appear well.
gumbie05 - Thanks! Advice Appreciated.
Would like to see at least an 8, but the teens would be A-OK too. Not sure how much longer this stagnation is going to go on but it should break - one way or the other - soon. GLTA.
Thanks for the post. I could not figure out what was driving the pps increase today after seeing how the market ended. However, since tvix is based on futures, trading for the rest of the week might confirm that the market will be heading South.