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count me in too .... prob'ly the worst trade of my life
GL to you.
Hah! When was the last time we saw the Dow, the S&P & TVIX all up on the day? Must be turning 'cuz the last couple of moves this made were pretty ridiculous just to begin with. Either that or people are taking out their shorts for summer.
That seems to be the case lately, it just wants to collapse on itself. It doesn't necessarily move up even if the S&P is down.
yeah, but the markets are flat ytd and this is sinking as if the markets were up 20% like they were last year. Other traders point to degradation due to this being an inverse etf, but there is more to it than that. It is also a future which I would expect to be based on people's expectations.
Might be that the fat cats just got their tax bill for last year's stock rally.
You may have hit the nail right on the head. Just thinking the same thing & might never buy Credit Suisse again.
Hey yeah...like trading crazy voodoo style. When the market's down the futures are up and when the market's up the futures are not down kind of stuff going on here is my guess.
Yup. Thought that would get things moving again. Did he bring his flashcards?
This bull market just amazes me over and over. Pretty unbelievable. Would be nice to get some more powder before dam breaks.
I wonder if the fact that this is based on Futures has a lot to do with the delay in reacting to any perceived volatility. These bulls are going crazy at the mere mention of the word pullback. Sooner or later,,, just sayin'
Thank you! Broker's web page says that TVIX replicates 2X the VIX Short term ETN. The VIX ETN (VXX) says that it provides exposure to the CBOE Volatility Index. But the VIX is up 2.60 % point today.
Maybe its broken. Might have to kick it to get it started.
Whew! That would be some ride!
Penny - I joined you at about the same level. Things look a little frothy, but I might end up regretting it.
One would think but I can think of all kinds of reasons why gold is still hanging just under $1,300.
In the process of being flash frozen in PA.
Hope you're right! Sorry I missed the cheapies.
In at $2.62 GLTA!
Thanks John for confirming my suspicions about ETFs. Interesting information.
Put in an AH order at 2.36. Will let you know if it fills.
Tomorrow should be good and interesting to watch. I think it is too soon to tell ,,, will be taking this one day at a time.
Picked up a position here a few days ago hoping for a run in the near term. GLTA!
The price has fallen out of the iron ore market in much the same way as other commodities. In the long run, lower oil should benefit Vale because it should reduce their costs also.
There is a lot of interesting stuff about this industry that I was never aware of.....
OMG - gonna shut my eyes for a few days....lol!!!
Thank you for your opinion. Long term it looks good.
Picked some thinking the dividend looks decent but I'm always 2nd guessing with this crazy commodity stuff going on.
Anyone have an idea when this might start waking up? Any targets?
I could live without that kind of excitement!
Pretty Sick!! Like watching a mugging. Wonder where it will be at 6 am tomorrow when market opens in US....
Any targets or support we should look for?
Scottrade fixed the bid/ask price in their system but now in the area which calculates the unrealized gain/loss they have me making a small fortune hear. I will believe it when the cold hard cash is in my account or the product is in the stores.
What's going on here today? My stock account is looking all new and snazzy today!
There is a huge short position on this stock. Reportedly half a percent of outstanding shares. I'm picking up shares as it goes down at this point. Hoping it recovers to a normal level of $3.20'ish.
Added to my position today. Looks risky to me too.
Reminds me of body surfing.
What the heck...everytime I look back, it's gone down some more. Really going down pretty fast.
If it goes any lower,would consider a purchase. I have a coin collector on my holidy shopping list and think they might like coins as a gift.
Hard to believe the price here relative to the physical price. Pretty low compared to the last dip.