Once vix got below 20 and closed there it dropped really quick to the area it is at now. It might not be that crazy for it to get to that level.
Well look what happened with VLTC, There is no doubt thery can make huge money off juicing these small caps. Icahn announced he took a massive position in it at a buck, then promptly ran it to 22 all on a short squeeze, so there is no doubt they can make money doing it.
yea its true...messing with equities is getting to be much more risk than reward...plenty of better things to trade these days
Did you really think it was going to close down hahaha that's to funny. Never a down day in the land of perfect.
No, reason i got out was because it took 2 cracks at newer lows, and couldnt go any lower, if the stock was actually weak it should have been at the lows or going through them already, like i said earlier im all about double tops/bottoms so when i see one form, contrary to my position, im outta there.
btw i dismissed this line of thinking only because i got out cause of the double bottom, i do like that thought from a fundamental trading perspective though, :It looks toppy on a daily so the information could just be late to get to people, it probably woould make a good swing, but its just not what im good at. I could easily see it breaking down on monday, just not much volatility, kind of kind of looks bottomey, kind of just too many negatives too hold just based on that. Im kind of always in this perpertual torment with myself weighing the positives and negatives opf being both long and short a position, then i just try to let the pros outweigh the cons or vice versa.
Some selected ST gems: Typical retail post-2009 bulls. Then you have this guy who keeps shorting all the way up whilst "hedging" via long DOW futures (I hope this isn't one of you guys): So there you have it folks - the game is about being right.
He's not long yet...so till might be some upward movement left in spx. When he flips long that should do it for the rally.
Some of these guys are just insane perma-bears. They have 3 positions: flat, short, and pissed off. They'd be a lot happier if they realized the circus for what it actually is.