The pain trade is usually getting pinched on buying the dip too early, or chasing the market up too much.
We’ve got relatively decent structure from Monday’s lows and Tuesday’s range. As folks change their mind of being long here, I want to buy some stuff they’re selling. Easier to buy red and sell green during this process.
If you hadn’t noticed, the $VIX traded into the 15’s today. That is a fantastic sign for the environment moving forward.
OA
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you still holding the SSYS? about the time it gets going it gets cock punched. im watching the 34 area
Yeah, I’m hoping we resolve this range to the upside, cock in tact.
vix into 15’s? are you saying lower vol is better? i see the low around 15.5, confused
The $15 dollar range, yes. Good for the type of market I am hoping for.
I am totally red today with exception to FB and MSFT
Anyone in cenx
you poor flocker, try AJRD instead
Which do you like better for a long: DDD or CUDA?
$CUDA
Seems whatever i think will happen means the opposite will happen. i feel helpless
Less is more when fear is up.
Costanza’d
OA- thoughts on long crude here?
Nope. Just long nat gas.
ok. I just figured $USO was at its 100 day at $19. i’m long both natty and flipped to long crude today via UCO
Has the 100 day mattered tho? It’s been above and below it?
at least in the recent term, seems like every dip below it gets bought pretty quick. just looking for a quick pop and i’m out. that’s the plan at least
Long nat gas and nat gas stocks over here too. RRC, SWN, CHK, Getting my cock inverted with them right now. Long and Wrong as I like to say
itching for CHK..just cant seem to pull the trigger
Can’t find one chart worth buying.
LMAO – that pic is hilarious.
OA- How do you feel about this KN chart? http://www.finviz.com/quote.ashx?t=KN&ty=c&ta=1&p=d&b=1
It’s been showing up on my screen off and on this year, and it’s also been on the Exodus “Consolidating, About to Break Out” screen for a while. Volume profile about a dollar higher get’s real interesting….
Calls are red, Puts are green. I don’t think I’m doing this right…
Whisky portfolio is holding steady, I hope..?
I’m in the building my “buy and hold” portfolio stage, UB. Thanks for your help on this. The portfolio is not going to have the amount of turnover as my wine collection!
An interesting blogpost here: http://thebourbontruth.tumblr.com/post/122792048526/bourbon-and-the-business-of-cool
Last paragraph about China is something to think about…
I’ve avoided the US stuff to begin with. Just feels like I’d be buying high on Van Winkles and the like. Doing my homework on the regions in Scotland first. Anything in the States worth this kind of “enthusiam” move?
Jacked – It’s hard to say. A lot of hype at the moment. I don’t think a fellow could lose by just stashing good ol’ Weller 12yr whenever the opportunity presents itself. I can never find it here in AZ, but Spec’s in El Paso has cases of it on occasion. I pick up a few every now and then. Only “hyped” whisky I’ve purchased this year that I can think of is two bottles of Ardbeg Perpetuum 200 yr anniversary. The reviews interested me. If it winds up not having any increased collectors value, I know I’ll enjoy it on down the line.
Interesting, Buccs. I’m in South Dakota, so you can imagine what I run into trying to build a portfolio. Jeesh. Best part of my trip last week was getting a Lagavulin 16.
Jacked – you can never go wrong with that one. AZ isn’t great, but I can see where SD would be even more of a challenge.
OA – you taking profits here on nat gas? Nice pop
I’ve def gotten pulled into the bourbon craze, I haven’t started stashing any but probably a good idea. Good article UB
Jersey – glad you read it. Here’s Ralfy talking about stashing whisky. Maybe a fun view over the weekend: https://www.youtube.com/watch?v=U7A1fzqnnA0 – “Far better than money in the bank”
Ralfy is a great resource, jersey. Uncle Buccs recommended him to me earlier this year. A must subscribe.
Anyone like FOSL
I do. It’s a cheap stock. Taken down with the Apple launch but that’s nonsense.
What’s your fave “inexpensive” bourbon? I like Basil Hayden.
Jersey – a bunch of bourbon bloggers got together and did a collective “If I had a Benjamin” post. They are all quite interesting to read. The final scorecard is in the bottom post: http://modernthirst.com/2015/04/29/if-i-had-a-benjamin-post-central/
Elijah Craig 12yr, Old Weller Antique, and Old Grand Dad 114 were tied in 1st place for inexpensive bourbons.
Vslr. Wtf???!!!
Added to $XIV here
is there an 3x vix inverse or 2x?
Interesting that $TVIX is up $1.09 today and $XIV down $2.79. Seems they both track the same thing. I’m staying away from VIX as I’ve had better luck with $TZA.
They are inverse to one another. TVIX is long volatility, XIV is short volatility. I’m calling bullshit on this grexit selloff. Mental stop around $38.
My bad, guess that explains it. I could have swore $TVIX was a short vehicle. In any event I hope the trade works for you.
SVXY
thx gas
There’s been accumulation in OAS the last couple days – despite oil’s continued weakness. Bought July calls.
Took a lot of risk off today and hopped back into bis
Speaking of risk. Anyone thinking that money is going into $FOGO out of $SHAK? Or general insight on $FOGO? Good stuff guys, thanks.
$corn