[Vanity]

Originally Posted by r0wr

TVIX isn't an ETN which is supposed to be held for long periods of time. I'm sure Vanity knows what he's dealing with but to those who see TVIX as a money maker, believe me when I tell you it is not unless you really know it's movements. Tread carefully.

The reason for this is because of volatile futures rollovers and their premiums. That's why these things enter contango and decay. They only ever are safe to hold near backwardation where they perform well (like last year). We are however, approaching backwardation now. We will see if one more rally can be mustered.

Never hold TVIX through contango, therein lies the danger to a portfolio.

[r0wr]

On some bullish talks, who likes lnkd and z? lnkd is forming a symmetrical triangle. both stocks may be good momentum pick ups for the next rally

[Hisam135i]

Originally Posted by r0wr

On some bullish talks, who likes lnkd and z? lnkd is forming a symmetrical triangle. both stocks may be good momentum pick ups for the next rally

Hmm, I'll take a look at it tomorrow morning and let you know my take! Btw I love trading this time of year makes having finals not as bad haha

[Vanity]

Originally Posted by Hisam135i

Hmm, I'll take a look at it tomorrow morning and let you know my take! Btw I love trading this time of year makes having finals not as bad haha

Hope you do well with them!

[Hisam135i]

Originally Posted by Vanity

Hope you do well with them!

Thanks! I've aced 4 of them with perfect scores, only a calculus one left tomorrow!

[Hisam135i]

Originally Posted by r0wr

On some bullish talks, who likes lnkd and z? lnkd is forming a symmetrical triangle. both stocks may be good momentum pick ups for the next rally

Looks like the breakout went downward but its is pretty close to its support so we might be seeing a bounce from the 108 range

Edit: looks like breakout went the other way haha not to surprising though based on the overall market conditions

[Vanity]

Deciding whether or not to liquidate my shorts today and go long for a potentially strong ST rally.

Update: sold my TVIX @ 9.43 from 5.84.
Potential for a short term rally is very possible. Didn't want to take the chance, so I'm taking a breather and watching what happens with the FB IPO tmr.

[Hisam135i]

Originally Posted by Vanity

Deciding whether or not to liquidate my shorts today and go long for a potentially strong ST rally.

Update: sold my TVIX @ 9.43 from 5.84.
Potential for a short term rally is very possible. Didn't want to take the chance, so I'm taking a breather and watching what happens with the FB IPO tmr.

Agreed I also got rid of my shorts besides some put options on GE that didn't get sold.

[EvosM3]

Apple ended at LOD. Maybe some buyers will step in? I would hate to lose $200/share if this goes down to $420. Also, techs should rally tomorrow right because of the FB IPO. Apparently it'll go for $38 a pop. With all this hype surrounding it FB will see $50/70.

[roastbeef]

i don't have any stocks that i'm actively involved in yet, but what do you guys think about facebook opening tomorrow?

[EvosM3]

I think it's overhyped, stupid because they don't create anything which defeats the purpose of shares, and as soon as the funds decide to rid themselves of it onto the retail investors the stock will drastically fall.

[roastbeef]

well, the value is in the advertising potential- thats all facebook is, a huge tailored advertising engine.
facebook has millions of members, but as membership grows, the value does too. google doesn't actually produce anything, and look at their stock.

[Vanity]

IMO FB at this valuation is muppet bait.

[r0wr]

FB is for scrubs and i will short the shit out of it when it starts to fall. i'm gonna get out of hdge tomorrow and might open a position in lnkd.. we'll see.

[EvosM3]

I'm long lots of tech stocks: AAPL, GOOG, LNKD and something else.

[Vanity]

Having trouble deciding whether or not we bounce here from 1300 inflection, or 1250-1270. Even though I am foreseeing a crash, I'm not sure this thing is going down before June 17 Greek elections or 20th FOMC Meetings. Jmho. What do you guys think?

[ouchie]

I got a thousand dollars, don't know where to put it... First I was going to use it for FB now I don't even know. Any advice is much appreciated

[JesterEXW]

I think that people can make some money off of the IPO for Facebook but I personally would not invest. Forbes had a great article about how the IPO would make X number of new multi-millionaires (X being a surprisingly large number) but that is because these guys are dumping their stocks as soon as it goes public. This may be due to the fact that the hype will be more profitable than holding onto it long term, we all know it's an emotional market after all. Also, anyone curious about how FB being public will effect the site itself?

[E92TTKING]

Whos is buying FB?

[Merked M3]

I'm buying Facebook as soon as it starts trading in like 10 minutes.

[Vanity]

Reinitiating shorts again after seeing what happened with FB. Underwriters had to come in with $1 Billion to support that stock once it collapsed on open to $38. Tells me the stock is worth much less than $38. Tells me this is another reason against markets.

[Hisam135i]

Originally Posted by Vanity

Reinitiating shorts again after seeing what happened with FB. Underwriters had to come in with $1 Billion to support that stock once it collapsed on open to $38. Tells me the stock is worth much less than $38. Tells me this is another reason against markets.

+1, I however enjoyed the ride for a bit i bought in at 38.05 sold at 40.79 haha