GO GET SOME $VXX TITS
If you don’t like this tape, you are more than welcomed to play the volatility game via VXX or TVIX. I know some of you bearshitters think the market is rich. I happen to agree with you. So why don’t you buy some VXX then?
I’m still waiting to buy a few names–but the market weakness is holding me back. If we firm up, I may start positions in JIVE and IDTI. One of my favorite October seasonality stocks, FFIV, has already broken out to the upside, leaving me stupid, staring at its share price go higher.
Regardless, one must remember that this market has a bid. Such a bid might present itself 5% lower, or maybe even 10%. But rest assured, as sure as I am sitting here, eventually this market will make new highs.
The trading is thin and the people in the market are ignorant. My approach to this market is simple: buy the dips and take profits quickly. The big bets should be made from November to January, not now.
15 Responses to GO GET SOME $VXX TITS
Look at silver. That’s all I need to know.
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Shitty CNBC trashing chicken.
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Fly — this is not meant to be a smart aleck question. You’re ~85% invested, I think. For me that would be a big bet. How do you think about it?
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I meant making a big bet on a few names or a thesis.
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Thanks. Makes sense.
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If I remember correctly, the market went through a pull back after the last QE announcement, before it went into the narrow cocaine channel for months. Perhaps this is similar.
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was the oil swoosh yesterday indicative of a pull back coming?
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The market is rich and soon, so shall I be. New highs will come no doubt, only in VXX and not S&P500.
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GO GET SOME VXX TITS!
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I did. Over a week ago. Hopefully someone will let me borrow their sister’s bra as they keep expanding.
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No. The VXX is still not the right product now.
FXE puts are the cheapest play on a downside bet.
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It’s funny strange that DITC (Ditech) is being bought out at a 80% premium for $1.45.
I am pretty sure I owned a ton of it at $145.00 in 1999.
I definitely recall selling it all as it climbed towards $170.00.
Just added to my DDD on this dip. What you think Czar Fly?
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Tsar Bomba
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Just about all Homebuilders got a GS upgrade this AM.
All have turned around and are now down. Not a good short term sign.
AAPL is holding this market up.
When it goes…….
