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Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance. |
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05-25-2012, 11:44 AM
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#7576 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
Posts: 2,642
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Originally Posted by highfive  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. | options would probably be a better play than shorting it.
i'm considering doing a straddle for earnings - who knows where it'll move, but it'll move big! (assuming hte options are priced right)
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05-25-2012, 12:23 PM
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#7577 | | I am Hook'd on RS
Join Date: Jul 2006 Location: White Rock
Posts: 66
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Originally Posted by jasonturbo Today is so flat and boring that it's actually causing me physical pain. | Agree. These days always kill me as there is no momentum, trend, or news to go off of. Tried to recover some day losses from BBD.D but not looking good.
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05-25-2012, 12:29 PM
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#7578 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
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Originally Posted by 4444 options would probably be a better play than shorting it.
i'm considering doing a straddle for earnings - who knows where it'll move, but it'll move big! (assuming hte options are priced right) | Options premiums are gonna be soooo juiced up it may be hard finding a good play, similar to LNKD IPO/option reaction.
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05-25-2012, 12:33 PM
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#7579 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,599
Thanked 4,045 Times in 1,233 Posts
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NZ is up 15%... mind you I'm still under water but it's a move in the right direction. There is some talk about news on the next 2 wells coming out on May 30.
Edit - make that 6% lol... fickle bitch!
Mark
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I'm old now - boring street cars and sweet race cars.
Last edited by lowside67; 05-25-2012 at 12:46 PM.
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05-25-2012, 02:07 PM
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#7580 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
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Originally Posted by shawnly1000 Options premiums are gonna be soooo juiced up it may be hard finding a good play, similar to LNKD IPO/option reaction. | agreed, i'd imagine the volatility will be priced in... in that case, i'll move onto the next one (i did say that i'd only do it if priced right, and chances of that happening are slim, b/c fb just gets so much attention)
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05-25-2012, 04:13 PM
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#7581 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
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So... I'm not very happy about this.. I am stuck holding TVIX over the (long?) weekend..
I went to a meeting an hour before market close when TVIX was finally climbing.. well the building we had the meeting in didn't get any cell reception lol FML I planned to sell it using my phone... guess not hahaha.
So hopefully it works out.. but I am nervous of what next week might bring 
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Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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05-25-2012, 05:21 PM
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#7582 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,720
Thanked 5,581 Times in 1,516 Posts
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05-28-2012, 11:25 AM
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#7583 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,680
Thanked 772 Times in 387 Posts
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african oil...what a beast
was told about it last year at 1.19
watched it climb this past month or so to 10.92 as a high of today
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05-29-2012, 06:28 AM
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#7584 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
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I'm about to get fleeced lol...
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Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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05-29-2012, 08:58 AM
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#7585 | | RS Veteran
Join Date: Nov 2001 Location: An Island
Posts: 14,400
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Did you sell your TVIX at opening?
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Victoria Car Assessments - Condition assessments (test drive, photos, deficiencies and summary). RS member references available. IG @touringteg
1998 Acura Integra Type R #0635
2017 Honda Civic Type R #01818
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05-29-2012, 09:55 AM
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#7586 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
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Originally Posted by AME_VIP Did you sell your TVIX at opening? | No sir, holdin on like a desperate ex-girlfriend.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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05-29-2012, 12:48 PM
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#7587 | | I STILL don't get it
Join Date: Sep 2005 Location: vancouver
Posts: 470
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Originally Posted by jasonturbo No sir, holdin on like a desperate ex-girlfriend. | yikes....hope you cut your losses after it moved up mid morning...tvix can get real ugly.
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05-29-2012, 01:02 PM
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#7588 | | RS Veteran
Join Date: Nov 2001 Location: An Island
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Things turned really positive in the last hour. USG up 8%. US housing starts are up. YNG up slightly but it's great to be back at .30 Watching CLL as well at .57
FB down nearly 10% and TVIX down as well.
__________________
Victoria Car Assessments - Condition assessments (test drive, photos, deficiencies and summary). RS member references available. IG @touringteg
1998 Acura Integra Type R #0635
2017 Honda Civic Type R #01818
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05-29-2012, 01:27 PM
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#7589 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
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Originally Posted by leilomo yikes....hope you cut your losses after it moved up mid morning...tvix can get real ugly. | Wouldn't be much a desperate Ex if I gave up that easy lol.
I thought about dumping around 8.40 today.. but I didn't.
Hopefully Europe lights itself on fire soon... I knew as soon as I got stuck holding this over the weekend I was fucked lol.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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05-29-2012, 01:39 PM
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#7590 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
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Game over RIMM
$RIMM Guides Q1 EPS Loss vs $0.43 Profit Est
RIM $RIMM said to hire JPMorgan, RBC to advise on options -
Sub $10/share in afterhours at the moment
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05-29-2012, 01:54 PM
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#7591 | | I STILL don't get it
Join Date: Sep 2005 Location: vancouver
Posts: 470
Thanked 26 Times in 11 Posts
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Originally Posted by jasonturbo Wouldn't be much a desperate Ex if I gave up that easy lol.
I thought about dumping around 8.40 today.. but I didn't.
Hopefully Europe lights itself on fire soon... I knew as soon as I got stuck holding this over the weekend I was fucked lol. | i think i speak for many on this board that we hope europe fixes itself soon lol
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05-29-2012, 02:07 PM
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#7592 | | I Will not Admit my Addiction to RS
Join Date: Jul 2004 Location: canada
Posts: 526
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Originally Posted by leilomo i think i speak for many on this board that we hope europe fixes itself soon lol | Even if Europe does manage to fix itself, have you guys ever thought about the US debt problem?
I mean, most of the focus is on the US presidential race right now, but what happens after that? Their throwing all this debt under the rug but their going to have to address it sooner or later, and once they do, I think were going to see fireworks as stocks plummet
Thats why the only thing i'm holding is gold right now, i'm totally down for investing when theres chaos like during 2008, but I don't think we're really seeing anything close to the bottom yet
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05-29-2012, 02:41 PM
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#7593 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
Posts: 1,650
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U.S. is the best house in a bad neighbourhood. Housing has bottomed and consumers are alive and well. As an investor, just keep ample cash on hand and don't go all in. When you get pullback like we did recently, you go in and buy. Bought XHB, XRT, APPL, and some GM recently. And will continue to do so if we get more dips. Europe is just noise at this point.
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05-29-2012, 04:24 PM
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#7594 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
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Originally Posted by shawnly1000 Game over RIMM
$RIMM Guides Q1 EPS Loss vs $0.43 Profit Est
RIM $RIMM said to hire JPMorgan, RBC to advise on options -
Sub $10/share in afterhours at the moment | Cash & patents should be worth $10 per share.
I'm actually pretty confident RIMM can come back and build a niche business. And I'm confident in Prem Wasta...he's betting a 3-5 year recovery for RIMM. Quote:
Originally Posted by vl_86 Even if Europe does manage to fix itself, have you guys ever thought about the US debt problem?
I mean, most of the focus is on the US presidential race right now, but what happens after that? Their throwing all this debt under the rug but their going to have to address it sooner or later, and once they do, I think were going to see fireworks as stocks plummet
Thats why the only thing i'm holding is gold right now, i'm totally down for investing when theres chaos like during 2008, but I don't think we're really seeing anything close to the bottom yet | I agree with Carl. US is your deadbeat dad. He's your only dad. No one else. He does bring food to the table. You just gotta live with it. lol
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05-29-2012, 05:23 PM
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#7595 | | I Will not Admit my Addiction to RS
Join Date: Jul 2004 Location: canada
Posts: 526
Thanked 211 Times in 19 Posts
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Originally Posted by Carl Johnson U.S. is the best house in a bad neighbourhood. Housing has bottomed and consumers are alive and well. As an investor, just keep ample cash on hand and don't go all in. When you get pullback like we did recently, you go in and buy. Bought XHB, XRT, APPL, and some GM recently. And will continue to do so if we get more dips. Europe is just noise at this point. | Housing has bottomed out, and the Euro drama is pulling it back a bit, but I don't think thats a huge concern at this point
As you said, it may be the best house in a bad neighbourhood, but i feel like theres a ticking time bomb in that best house. Cause there is no simple solution thats going to fix the problem of trillions worth of debt
I'm just worried that i'm going to get caught in a freefall buying into one of these pull backs, but what you said is true, don't go all in
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05-30-2012, 06:57 AM
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#7596 | | I contribute to threads in the offtopic forum
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Dumped my TVIX @ 8.61 (-2035$) this morning, looking to play it a couple times today...
Edit: Ouch CLL... @ $0.50 I might consider buying back in around $0.25.
Rough last couple weeks on the market.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life |
Last edited by jasonturbo; 05-30-2012 at 08:48 AM.
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05-30-2012, 08:54 AM
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#7597 | | I STILL don't get it
Join Date: Sep 2005 Location: vancouver
Posts: 470
Thanked 26 Times in 11 Posts
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Originally Posted by jasonturbo Dumped my TVIX @ 8.61 (-2035$) this morning, looking to play it a couple times today...
Edit: Ouch CLL... @ $0.50 I might consider buying back in around $0.25.
Rough last couple weeks on the market. | why did you dump? have this feeling its gonna continue up...
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05-30-2012, 09:26 AM
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#7598 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
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Originally Posted by leilomo why did you dump? have this feeling its gonna continue up... | Dumped because I have noticed some trends in the way TVIX climbs/fluctuates/drops on down trading days.. watching it close for another entry point. FAZ is killing it.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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05-30-2012, 10:49 AM
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#7599 | | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
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guys, start to take a look at BAJA MINING.
the ceo and his nepotism has been jettisoned.
great resource and a very depressed share price.
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05-30-2012, 10:50 AM
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#7600 | | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
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if you love Prim W of Fairfax fame and feel the same way about RIM, I suggest you buy Fairfax and hold RIM through your Fairfax holding. There's no need to buy RIM when you can hold Fairfax which owns RIM shares so you cover off the downside.
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