Christopher Wallace

Long/short equity, special situations
Christopher Wallace
Long/short equity, special situations
Contributor since: 2012
7/20/15
Christopher Wallace
$GDX at lowest value since ETF was created in 2006. Low during 2008 recession was $15.43.
Hammer: check out COT: record shorts among specs. Gold miners bullish percent index down to 3.3%. Chart of GDX is an inverse parabola.
Theses are bearish extremes. Usually they create a tradable rally, at least. No certainties, but odds favor going against the crowd.
7/20/15
Christopher Wallace
$GDX $GLD looks like capitulation. Going speculative long both. Miners look particularly attractive.
Chris: better might be to cut the position in half and short $DUST. Its recent runup has been inflated by backwardation.
I pay very little attention to chart patterns. It is the overwhelming negative sentiment and the $50 drop in a minute overnight.
6/1/15
Christopher Wallace
$UNG $UGAZ We are a dime away from recent lows in gas. Falling rig count, + June likely to show Y o Y prdn declines, good spec long here.
4/15/15
Christopher Wallace
GoviEx up 70% since my instablog post 2 weeks ago. Still a long way to go to reach my target. http://bit.ly/14vMfOU
3/31/15
Christopher Wallace
Orphaned uranium miner GoviEx is extremely discounted: http://bit.ly/14vMfOU
2/25/15
Christopher Wallace
$VXX $TVIX $UVXY $VIX Vix down to 13. Lots of complacency. Has me worried.
1/23/15
Christopher Wallace
$WFREF convertible debs trading at $49.50. Yield to maturity exceeds 30%.
1/23/15
Christopher Wallace
$FXCM in the last 3 trading days 330 mil shares traded: that turned over the entire cap 7 times.
1/22/15
Christopher Wallace
$FXCM in the first half hour of trading, half the mkt cap has turned over. When the vol falls so will the stock price.
1/21/15
Christopher Wallace
$FXCM turned over their market cap TWICE today. Welcome to the casino, place your bets!
1/21/15
Christopher Wallace
$FXCM margin rates raised; will curtail business http://on.mktw.net/1AP7oO2
1/21/15
Christopher Wallace
$FXCM has been reduced and re-focused to a collections company for $LUK.
1/21/15
At least the doors are still open.. U need $s you sell your soul or lease in this case
Too true. $FXCM had no choice but take the LUK money. "Fight, fight, run away, live to fight another day".
12/16/14
Christopher Wallace
A Perspective on WTI's drop: Chart Comparing 2014 to 2008 http://seekingalpha.com/p/24a8v
12/12/14
Christopher Wallace
Can Long Run Exploration Sustain Its 30% Dividend Yield? $WFREF http://seekingalpha.com/a/1n08n
9/18/14
Christopher Wallace
GoPro: 5 Factors To Push It Lower $GPRO http://seekingalpha.com/a/1howl
8/28/14
Christopher Wallace
Sold 2/3 of my $ABUS puts. Will find a better re-entry point after take-over speculation fizzles.
8/21/14
Christopher Wallace
Tekmira Pharmaceuticals: What Does The 'Animal Rule' Mean For Their Ebola Drug Development? $ABUS http://seekingalpha.com/a/1gck1
8/20/14
Christopher Wallace
$ABUS surprising how difficult it is for retail investors to grasp that an outbreak does nothing to change chances for drug approval.
8/20/14
Christopher Wallace
What Tekmira Investors Are Missing $ABUS http://seekingalpha.com/a/1g9cr
8/20/14
Also, the two in the states that are being treated are showing tremendous improvement with ANOTHER DRUG-
8/20/14
Christopher Wallace
What Tekmira Investors Are Missing $ABUS http://seekingalpha.com/p/1w8gn
8/14/14
Christopher Wallace
A Different Case For Valuing Kandi $KNDI http://seekingalpha.com/a/1fwwp
8/11/14
Christopher Wallace
$VXX trading vol products, long when backwardated, out when contango.
Requires lots of trades. Hard way to make an easy living.
8/6/14
Christopher Wallace
$VXX VIX now in backwardation. Buying and holding VXX here.
8/1/14
Christopher Wallace
$VXX spot well above front month, equal to month 7. Watch contango turn to backwardation in August.
Now in backwardation.
7/31/14
Christopher Wallace
$SPY $QQQ finally waking up to the fact that no more bond buying as of Oct. And what about the accumulated inventory? when does it sell?
7/31/14
Christopher Wallace
$HLF Ackman presentation low getting taken out.
7/29/14
Christopher Wallace
$HLF company announces they are done with share buybacks for now. Lower quotes to come.
7/22/14
Christopher Wallace
Hard to imagine any possible scenario where $HLF rises tomorrow. But, this is the stock market.
7/22/14
Not hard at all. Huge anticipation for ackman. What is he possibly going to say to match the hype!? With 50% of float short, stock could fly
7/22/14
Chan right!
7/21/14
Christopher Wallace
Loaded up on $HLF puts again today after Ackman's interview on CNBC. Can't see green here for several days.
6/18/14
Christopher Wallace
I made a bad call to sell the $AMZN Fire phone news. Out now with small loss.
I got out too early this afternoon@334.29;will wait for the dust to settle before rebuying.
6/14/14
Christopher Wallace
$AMZN 2 reasons to short: sell 3D phone "news" on Jun 18 and rising oil prices bad for all consumer stocks.
Oh, and did I forget valuation??
6/5/14
Christopher Wallace
$AMZN has added almost 8 bil in mkt cap today over a teaser about maybe a new phone. BUBBLE mkt.
AMZN has still way to go to $450 ;P