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Post by novie08 on Jan 10, 2017 11:30:08 GMT -5
Would have sworn they would take them up before the reverse splits. Have been wrong for about 8 yrs. now, lol.
On the gold front, my miners account was +$1500 this morning first thing, now +$600. That's how it's done.
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Post by theMist on Jan 10, 2017 11:30:45 GMT -5
lol Walnut. I can't blame you especially with contango at 12%. Have you figured out really good hedging option to cover VXX short position? I know you were going back and forth.
The spike will come, just a matter of time...still hanging in there.
BTW - I'm sure a few people in Florida would disagree with you or people that bought before 2008. lol
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Post by theMist on Jan 10, 2017 11:35:40 GMT -5
Just what we need, Senate Hearings on CNBC with ANGRY protestors. lol
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Post by walnut on Jan 10, 2017 11:35:40 GMT -5
I have never found anything particularly good. And I have tried. The way those VIX futures values pass down through the contango curve over time is fascinating, and it seems like you ought to be able to set up a neat little trick to arbitrage it one way or another. But after literally working thousands of hours on it, I have to say I don't think there are any tricks. The bagel benders at GS have all the bases covered. lol Walnut. I can't blame you especially with contango at 12%. Have you figured out really good hedging option to cover VXX short position? I know you were going back and forth. The spike will come, just a matter of time... |
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Post by jacksrbtr on Jan 10, 2017 11:40:30 GMT -5
Continental Gold announced today that a $250M line of credit was secured to build the plant at Buritica Mine....the plant is estimated to cost $400M so at some time I guess there will be a stock dilution. Should be innerestin' to see how Mr.Market takes this news on the pps today GL mi amigos and muchachas (a new Mexican Restaurant opened in the neighborhood).  (Same chain (Anita's) as the one Ashburn, VA) where some fukking asshole couple on Saturday left a note on their bill saying the service was good but that they dont tip black people.) Down 5% guess Mr.Market didnt like the news oh well. |
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Post by theMist on Jan 10, 2017 11:43:26 GMT -5
Come on DOW - Hit 20k already! Then sell hard! lol
S&P just filled common gap to 2277
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Post by novie08 on Jan 10, 2017 11:53:54 GMT -5
Continental Gold announced today that a $250M line of credit was secured to build the plant at Buritica Mine....the plant is estimated to cost $400M so at some time I guess there will be a stock dilution. Should be innerestin' to see how Mr.Market takes this news on the pps today GL mi amigos and muchachas (a new Mexican Restaurant opened in the neighborhood). (Same chain (Anita's) as the one Ashburn, VA) where some fukking asshole couple on Saturday left a note on their bill saying the service was good but that they dont tip black people.) Down 5% guess Mr.Market didnt like the news oh well. Usually over corrects. May be a good buy, haven't looked at the charts. Is that story real? It sounds like fake news...hard to believe anyone would do that without an ulterior motive. |
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Post by novie08 on Jan 10, 2017 11:59:16 GMT -5
Come on DOW - Hit 20k already! Then sell hard! lol S&P just filled common gap to 2277 Wow! 40,000 here we come...what will be the S&P high, not to mention the NASDAQ?  |
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Post by walnut on Jan 10, 2017 12:03:08 GMT -5
Down 5% guess Mr.Market didnt like the news oh well. Usually over corrects. May be a good buy, haven't looked at the charts. Is that story real? It sounds like fake news...hard to believe anyone would do that without an ulterior motive. Exactly Novie, that sounds like a fake news stunt. I'm not buying it |
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Post by novie08 on Jan 10, 2017 12:07:59 GMT -5
Just what we need, Senate Hearings on CNBC with ANGRY protestors. lol Just saw Trump will hold a press conference tomorrow at 11... |
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Post by jacksrbtr on Jan 10, 2017 12:10:05 GMT -5
Usually over corrects. May be a good buy, haven't looked at the charts. Is that story real? It sounds like fake news...hard to believe anyone would do that without an ulterior motive. Exactly Novie, that sounds like a fake news stunt. I'm not buying it Not fake - I contacted the company's CFO before the Market open to congratulate him and the company and wish him HNY. He did NOT refute the news because its for real as you can see on their website and in the "Market News" which I just sent the both of you by e-mail. STAY CALM - SOCIALISM IS DEAD |
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Post by jacksrbtr on Jan 10, 2017 12:15:41 GMT -5
Just what we need, Senate Hearings on CNBC with ANGRY protestors. lol Just saw Trump will hold a press conference tomorrow at 11... Scuttlebutt is that he's going to stage a "Muppets vs Angry Birds" altercation to see who wins my money's on the Cookie Monster. |
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Post by walnut on Jan 10, 2017 12:20:35 GMT -5
Just saw Trump will hold a press conference tomorrow at 11... Scuttlebutt is that he's going to stage a "Muppets vs Angry Birds" altercation to see who wins my money's on the Cookie Monster. Wow, that was the post of the year. How do I subscribe to your news letter? |
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Post by theMist on Jan 10, 2017 12:25:33 GMT -5
Still holding UVXY long (5k out of 30k max). Liking the way they are holding up and not dropping lower with this sharp market move higher. But jury is still out... S&P 15 min Chart  |
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Post by novie08 on Jan 10, 2017 12:31:18 GMT -5
Agree Mist. Of course it could change, but surprised that it's holding with markets consistently rising. In the meantime, a nasty takedown of the metals just occurred and $ taken up. This kind of move almost always happens bet. 12-1 PM when volume is lightest.
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Post by walnut on Jan 10, 2017 12:32:02 GMT -5
At this point with VIX at 11.48 the scams should not be able to drop much faster than about 1/2 a percent a day, on average. There is just no reason to. That is the contango rate. This is generally not a time to be short the scams.
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Post by theMist on Jan 10, 2017 12:48:32 GMT -5
Thanks Walnut. Nice to know. Just posted your thoughts elsewhere. Your making me look smart.  Still holding small UVXY position, hoping DOW hits 20k already and then get a nice gap down selloff tomorrow. Currently down $500 on the trade. lol S&P starting to roll a little, looking for it to form that RS of H&S pattern. |
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Post by jacksrbtr on Jan 10, 2017 12:50:25 GMT -5
Scuttlebutt is that he's going to stage a "Muppets vs Angry Birds" altercation to see who wins my money's on the Cookie Monster. Wow, that was the post of the year. How do I subscribe to your news letter? Well it just so turns out that my partner in Continental was the model for Jim Henson's scientist (NOT "Beaker" or the fat dumpy bald guy) after he was put on TV by Brookhaven National Lab when the Shoreham Nuclear Power Plant controversy was going down in the 70s. No shitt. |
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Post by theMist on Jan 10, 2017 12:55:53 GMT -5
Man, if I didn't have to leave in an hour and had the Kahoonas, I would add a little more UVXY long BUT will refrain. Don't like not being able to watch. VXX 15 min Chart (still possible double bottom off $21.63)  |
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Post by theMist on Jan 10, 2017 13:03:08 GMT -5
Updated S&P 15 min chart  |
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