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Old 05-22-2012, 07:25 PM   #7551
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Sino-Forest finally getting called out for fraud lol..

OSC alleges fraud at Sino-Forest, widens probe beyond company - The Globe and Mail

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Old 05-22-2012, 07:33 PM   #7552
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psychology behind a trend.



if you take a look at ES M2 or.. SP500 DAILY chart, it looks like a bull trap right now. i'd say it would retest the ~1333.00 level.
Would this graph apply to Apple right now? Bull trap? (noob investor here)
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Old 05-22-2012, 09:01 PM   #7553
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Would this graph apply to Apple right now? Bull trap? (noob investor here)
i'd say with aapl, had a great run up, but the valuation is sound, ex cash, they are so well valued.

now, after the run up, your risk reward isn't nearly as good as it was in say december, mind you they have since had another monster Q.

if i had any spare cash for my long term portfolio, i'd be buying at these prices, no doubt in my mind

they can't keep on growing forever like this, but i don't invest forever!
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Old 05-23-2012, 06:46 AM   #7554
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Back into TVIX this morning.. going to be watching the news like a fucking hawk today lol.

7000 shares @ $9.63

Kicking myself really hard for not buying yesterday @ $7.8x... I was really close to pulling the trigger!

I really really like the concept of XIV/TVIX and FAZ/FAS to play market volatility...
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Old 05-23-2012, 08:31 AM   #7555
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NZ taking a beating.. good time to buy??
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Old 05-23-2012, 09:42 AM   #7556
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NZ taking a beating.. good time to buy??
I'm in @ $3.00 lol so from my perspective it's a great time to buy lol.

With the Iran situation clearing up and makets being soft, you may be able to find a lower entry point yet, but thats just IMO.
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Old 05-23-2012, 10:18 AM   #7557
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CLL down 12.63% to .57 for a moment

I like TVIX for the final hour of trading. If sh*t is hitting the fan, all the emotional buyers start buying. Then sell before others start selling.

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Old 05-23-2012, 10:41 AM   #7558
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There is no Level II for TVIX, I got burned this morning lol Put a sell in for 10.00$, checked on it at $9.99 and saw massive resistance at $10.00 lol.. before I could change my asking price others had obviously seen the same resistance and down it came along with the market making a bit of a turn lol..

Never again will I set even numbered targets like 10$ lol.

Incase anyone is wondering I sold out at 9.7X and made a whopping 280$ lol
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Old 05-23-2012, 01:21 PM   #7559
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DOW closed -6.66...the devil is among us! I believe he's going to say there WILL be QE3....lol
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Old 05-23-2012, 01:22 PM   #7560
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^ i was just thinking that haha
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Old 05-23-2012, 03:22 PM   #7561
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Hey making $280 a day is way better then losing money!

YNG climbing a bit up 7.8% in the final 30mins of trading.
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Old 05-23-2012, 09:28 PM   #7562
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Well at least I'm only down 10% now on my gold stocks
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Old 05-24-2012, 10:03 AM   #7563
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Anyone have predictions for how we will close out the week? I feel like it's going to be up and down but mostly bearish going into the Greek elections in June.

TVIX making me rich a little each day, another 2500$ this morning...
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Old 05-24-2012, 11:18 AM   #7564
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Today FB has a market cap of $69 billion. I guess no one "like" their IPO status..... lol

haha just saw this from Pete Najarian Twitter...Today Facebook is worth $70 billion and it was just friended by Greece.

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Old 05-24-2012, 01:22 PM   #7565
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So I traded TVIX three times today, ended up about 4k up in cash, and now holding it at the end of the day @ 8.88 (7500 shares).. which on the afterhours is down around 8.5x...

See what the news brings tomorrow!

Edit: If me posting my constant profit/loss trade summaries annoys anyone feel free to let me know I just want you all to share in the joy of me making and losing money
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Old 05-24-2012, 01:22 PM   #7566
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Mark Cuban Purchases $4.8M In Facebook Stock
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Old 05-24-2012, 01:48 PM   #7567
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Originally Posted by jasonturbo View Post
So I traded TVIX three times today, ended up about 4k up in cash, and now holding it at the end of the day @ 8.88 (7500 shares).. which on the afterhours is down around 8.5x...

See what the news brings tomorrow!

Edit: If me posting my constant profit/loss trade summaries annoys anyone feel free to let me know I just want you all to share in the joy of me making and losing money
doesn't bother me at all - this is exactly what this thread is best for!

you have balls of steel - the VIX can swing up and down like crazy from day to day, too risky for my liking... plus having $66K in it (assuming my calculator is working right) is balla status!

hope the wins keep coming, but let us know, up or down
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Old 05-24-2012, 02:39 PM   #7568
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So I traded TVIX three times today, ended up about 4k up in cash, and now holding it at the end of the day @ 8.88 (7500 shares).. which on the afterhours is down around 8.5x...

See what the news brings tomorrow!

Edit: If me posting my constant profit/loss trade summaries annoys anyone feel free to let me know I just want you all to share in the joy of me making and losing money
I share the joy of you losing money
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Old 05-24-2012, 02:42 PM   #7569
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I share the joy of you losing money
Well then I expect to make you a very happy man.
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Old 05-24-2012, 09:42 PM   #7570
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Thought I'd seen it all but....porn star pumping stock?

https://twitter.com/#!/RachelStarrxxx

ROSG
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Old 05-24-2012, 09:51 PM   #7571
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Old 05-25-2012, 12:36 AM   #7572
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Thought I'd seen it all but....porn star pumping stock?

https://twitter.com/#!/RachelStarrxxx

ROSG
If she can pump jizz out of a cock as well as she can pump a stock. I'm buying ROSG!!!!
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Old 05-25-2012, 09:26 AM   #7573
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I'm thinking about shorting Facebook, I don't think it justifies a 70B market cap

What do you guys think about it?
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Old 05-25-2012, 10:05 AM   #7574
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Today is so flat and boring that it's actually causing me physical pain.
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Old 05-25-2012, 11:23 AM   #7575
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I'm thinking about shorting Facebook, I don't think it justifies a 70B market cap

What do you guys think about it?
I don't think it's a good idea right now. It went from $38 to $45 then down to low $30s. I don't think it can go lower short term.
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