just got in here at $50. few hundred shares. This is obv a very speculative/risky, fast moving play. Looking for a 50% gain very short term.
this is 2x the VIX, the VIX moves fast, this obv moves 2x faster.
just look at the last week or so, in which the market has jumped 7-800 pts (DOW) and the S&P held support (1100) and is back up now to resistance. This is the trading range I was talking about when I made my big play on TZA a couple weeks ago. I could make the same play here but the VIX will move faster and further if anything bad comes out.
Think of all the possibilities that could push this market back down....we have the CPI #, bank earnings, and Europe to still deal with. If ANYTHING goes wrong, this market could drop and drop fast back to the bottom of the range. I really think earnings will be shitty with C and BAC, Mon and Thurs respectively. Also, remember this rally was on relatively light volume and a show of a bottom being created would/should involve much higher volume typically.
Ill stay on this trade until 1 of 2 things happen, we get back down to near bottom of the trading range (Dow 10800ish or S&P 1100-1120ish) and I take a large 50%+ gain ...... or...... we show a sustained breakthrough of resistance on the upside and I probably take a 25-40% loss.
I'm willing to be something pushes this market back down.,....
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To remove first post, remove entire topic.
just got in here at $50. few hundred shares. This is obv a very speculative/risky, fast moving play. Looking for a 50% gain very short term.
this is 2x the VIX, the VIX moves fast, this obv moves 2x faster.
just look at the last week or so, in which the market has jumped 7-800 pts (DOW) and the S&P held support (1100) and is back up now to resistance. This is the trading range I was talking about when I made my big play on TZA a couple weeks ago. I could make the same play here but the VIX will move faster and further if anything bad comes out.
Think of all the possibilities that could push this market back down....we have the CPI #, bank earnings, and Europe to still deal with. If ANYTHING goes wrong, this market could drop and drop fast back to the bottom of the range. I really think earnings will be shitty with C and BAC, Mon and Thurs respectively. Also, remember this rally was on relatively light volume and a show of a bottom being created would/should involve much higher volume typically.
Ill stay on this trade until 1 of 2 things happen, we get back down to near bottom of the trading range (Dow 10800ish or S&P 1100-1120ish) and I take a large 50%+ gain ...... or...... we show a sustained breakthrough of resistance on the upside and I probably take a 25-40% loss.
I'm willing to be something pushes this market back down.,....
I think it is a good play, you might be early looking at the chart but I think this move is horsesh!t and will be reversed. I also think 10800 wont be the bottom, we should be much much lower than 10k if you ask me.
The only semi worrisome thing to me is that we are almost breaking through 3 month cycle highs in the SPY, but as we know things happen so fast that charting is pretty much useless.
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I think it is a good play, you might be early looking at the chart but I think this move is horsesh!t and will be reversed. I also think 10800 wont be the bottom, we should be much much lower than 10k if you ask me.
The only semi worrisome thing to me is that we are almost breaking through 3 month cycle highs in the SPY, but as we know things happen so fast that charting is pretty much useless.
Pederson 16 - You're spot on regarding the volume. It's very suspect ... its just too low. I mean this rally or attempted rally (depending on how you define your rally) is straight freaking up. V-shaped bounces are very 'iffy' in my book. I see the S&P 500 going to 1250 and the Nasdaq resistance at 2700. Both indices are within an arms reach from these areas so then what? Thatz the big money question. I will go back to my favorite times 3 inverse russell 2000 (TZA) when or if the market stumbles in these areas.
And to be honest with you, I've never played the VIX or TVIX so I'm uncomfortable putting any real dollars that way. Good luck with your plays!
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Pederson 16 - You're spot on regarding the volume. It's very suspect ... its just too low. I mean this rally or attempted rally (depending on how you define your rally) is straight freaking up. V-shaped bounces are very 'iffy' in my book. I see the S&P 500 going to 1250 and the Nasdaq resistance at 2700. Both indices are within an arms reach from these areas so then what? Thatz the big money question. I will go back to my favorite times 3 inverse russell 2000 (TZA) when or if the market stumbles in these areas.
And to be honest with you, I've never played the VIX or TVIX so I'm uncomfortable putting any real dollars that way. Good luck with your plays!
I'll take it. Thinking we hit $72-$76 tomorrow after Goldman reports a loss and continued chaos in euro zone reported on. Not a bad day today at all.... Was down a little o start the day and finished up 20%+. And now in after hours we are at 62.30$.... This could be the fastest 50% gain I've ever had. I'll call it dumb luck on the timing.
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I'll take it. Thinking we hit $72-$76 tomorrow after Goldman reports a loss and continued chaos in euro zone reported on. Not a bad day today at all.... Was down a little o start the day and finished up 20%+. And now in after hours we are at 62.30$.... This could be the fastest 50% gain I've ever had. I'll call it dumb luck on the timing.
@ cave, this is my first go with TVIX. I usually only play direxion etfs also... But the moves in TVIX just appealed to me here. I mean, it was at 109$ just 2 weeks ago when the Dow was At 11600 and SP at 1100
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@ cave, this is my first go with TVIX. I usually only play direxion etfs also... But the moves in TVIX just appealed to me here. I mean, it was at 109$ just 2 weeks ago when the Dow was At 11600 and SP at 1100
The only thing about Goldman is the loss info is out there, why did they keep it positive most of the day?
To me I would love seeing those slimballs out of business, but something tells me unless it is HORRIBLE that they reverse it and those morons buy it tomorrow.
I would be willing to let half of my gains ride but keep that order page up if you need to bail quickly.
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The only thing about Goldman is the loss info is out there, why did they keep it positive most of the day?
To me I would love seeing those slimballs out of business, but something tells me unless it is HORRIBLE that they reverse it and those morons buy it tomorrow.
I would be willing to let half of my gains ride but keep that order page up if you need to bail quickly.
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