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post #9841 of 11160
Picked up another position today only to see it head down. Holding this is a nightmare. Feels like playing roulette.
post #9842 of 11160
eyeing more BAC (i'm a glutton for punishment I suppose) but not just yet .....honestly should have bought this afternoon but the day got away from me. It's been two days of -6-7%, not sure tomorrow will see more of that.
post #9843 of 11160
Quote:
Originally Posted by dizzy View Post

Picked up another position today only to see it head down. Holding this is a nightmare. Feels like playing roulette.

It was unexpectedly brutal today. Everything is blood red and the VIX went down 10% today? Come on. It felt like it was manipulated down. I still have a TVIX position but largely went into gold today.
Be a fun day tomorrow too.
post #9844 of 11160
Wow I just noticed idfnl replied to my post, which is weird because I never got an email notelfication. Is it because he's on my ignore list? Is that an actual feature of dat ignore list?

lol8[1].gif
post #9845 of 11160
Quote:
Originally Posted by horndog View Post

It was unexpectedly brutal today. Everything is blood red and the VIX went down 10% today? Come on. It felt like it was manipulated down.

Going straight down isn't volatility. 😀
post #9846 of 11160
Quote:
Originally Posted by horndog View Post

It was unexpectedly brutal today. Everything is blood red and the VIX went down 10% today? Come on. It felt like it was manipulated down. I still have a TVIX position but largely went into gold today.
Be a fun day tomorrow too.

I admire the balls on these trades you're making. I could never stomach it. Though, that all depends on the size of the position of course. I know y'all make fun of me for being 55% cash, but it brings about such peace of mind. I don't obsess over my portfolio anymore. I'm down a pretty good percentage from my peak but I ain't stressed at all. I'll just ride it out and add to positions here and there over time. That peace of mind is priceless.

Now, that said, the more I think about it, I don't see why I shouldn't place some small, risky / speculative bets with just 2-3% of my portfolio. Just some fun money that won't really hurt me if I lost 100% of it (oh wait, VRX plain.gif ).
post #9847 of 11160
Quote:
Originally Posted by GreenFrog View Post

Wow I just noticed idfnl replied to my post, which is weird because I never got an email notelfication. Is it because he's on my ignore list? Is that an actual feature of dat ignore list?

lol8[1].gif

Great so now that you're aware, any response? Because I suspect you have no idea what you're talking about.

Spain, huh? Can you explain why you see them try to leave? I'd love to hear this.
post #9848 of 11160
Quote:
Originally Posted by GreenFrog View Post

I admire the balls on these trades you're making. I could never stomach it. Though, that all depends on the size of the position of course. I know y'all make fun of me for being 55% cash, but it brings about such peace of mind. I don't obsess over my portfolio anymore. I'm down a pretty good percentage from my peak but I ain't stressed at all. I'll just ride it out and add to positions here and there over time. That peace of mind is priceless.

Now, that said, the more I think about it, I don't see why I shouldn't place some small, risky / speculative bets with just 2-3% of my portfolio. Just some fun money that won't really hurt me if I lost 100% of it (oh wait, VRX plain.gif ).

Are you gonna add more vrx? Or wait till it's completely worthless and buy the company for a dollar?
post #9849 of 11160
Quote:
Originally Posted by idfnl View Post

Great so now that you're aware, any response? Because I suspect you have no idea what you're talking about.

Spain, huh? Can you explain why you see them try to leave? I'd love to hear this.

Sure, I'll give you the pleasure of a response. We can be mature adults about this. To me, it simply boils down to the common people who are down in the dumps being fed the fuck up with the status quo. Spain's economy is shit and has sky-high unemployment rates. Let's not forget the austerity measures imposed by the EU either.

That sounds like the perfect recipe for people who want to vote out. It's not quite 1:1 with the xenophobic, poor, old British people who voted out, but the underlying feeling of fear, despair, and anger over their futures is shared equally.

Besides, I've seen crazier things happen -- like Britain voting to leave the EU.
Quote:
Originally Posted by the shah View Post

Are you gonna add more vrx? Or wait till it's completely worthless and buy the company for a dollar?

Quite possibly. It's a very small percentage of my entire portfolio, so I'm not really fazed that I've lost more than 70% of my investment. Not worth selling at this point.
post #9850 of 11160
post #9851 of 11160
Quote:
Originally Posted by GreenFrog View Post

Sure, I'll give you the pleasure of a response. We can be mature adults about this. To me, it simply boils down to the common people who are down in the dumps being fed the fuck up with the status quo. Spain's economy is shit and has sky-high unemployment rates. Let's not forget the austerity measures imposed by the EU either.

That sounds like the perfect recipe for people who want to vote out. It's not quite 1:1 with the xenophobic, poor, old British people who voted out, but the underlying feeling of fear, despair, and anger over their futures is shared equally.

Besides, I've seen crazier things happen -- like Britain voting to leave the EU.

So your view is based on unemployment and austerity which sounds like a "perfect recipe" -then why isn't this reflected in the chart posted yesterday? Spain's unemployment woes and austerity have been going for years, and their unemployment numbers are better today than a few years ago by like 5%. And recall Spain accepted the imposition of austerity.

Spain gets more money from the EU than it puts in and is now the most corrupt country in the EU. It's also a country that produces almost 0 technology. England pays in at a 2 x 1 ratio. English citizens were sitting back looking at a country like Spain and asking themselves what the fuck are we giving money into the EU for if these are our partners?

Seems to me Spain is a lot more focused on it's internal strife than Europe.


_____________


Bought more CS pre-market.
post #9852 of 11160
I thought the commies and socialists just won their election. I would think Spain being so leftist would want to remain in the EU than leave.
post #9853 of 11160
If I remember correctly, when there was talk about whether Greece should leave the EU or not the argument was that the sooner they did it the sooner they'd have an actual recovery. In the short term they would have been devastated, but there were hopes that a severely devalued drachma would attract enough tourism to soften the blow. The problem with them remaining is that their economy is still struggling and there doesn't seem to be a way out. The wealthier countries are still footing their bill. Similar arguments were made for Spain and Italy, though not to the same degree.
post #9854 of 11160
nice bit of relief today but I'm not holding my breath... will assume it will keep going back down over the week.

MU's been interesting... quite big swings. I was buying it originally way too high but got most of it out recently and at least broke even if not made some in the end. Might be going somewhere over the week, keep an eye on it!
post #9855 of 11160
Im with you on MU. I dont have position in it but think it's a strong long buy, question is where's the bottom. ICON too.
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