As WTI crude continues its protracted descent, now -1.4% to $86.55/bbl, oil is now officially in bear territory, BMO's Sal Guatieri says. Deutsche Bank also joins the sliding sentiment, as "physical fundamentals are also weakening with crude oil inventories on the rise." How low can oil go? "Following the 2008 credit crisis and global downturn, it bottomed at $31,” Guatieri recalls. [View news story]
The possibility of oil going to $31 shows how ridiculous it is for some oil stocks to have dropped 50% on the oil move from $106 to $86.
Or it could just be an opportunity for a savvy investor to catch a double on the retrace when Bernanke prints to save his job.
Kinross Gold Versus Barrick, Agnico-Eagle, Goldcorp And IAMGOLD [View article]
This article almost makes a point, one that I wanted to agree with, but it was so sloppily written I doubt many were convinced. Besides claiming the Tasiast mine was located in some sort of African pastry, you referred to the stock you're writing about by the wrong ticker symbol NINE TIMES.
General TVIX Has Been Demoted: Use VIX ETFs Instead [View article]
Josh Krause, the author of this article, and Bill Luby, another author at SA who writes on VIX, for articles. And then Demi9OD and Rialto post good daily comments on Stocktalks about VIX.
General TVIX Has Been Demoted: Use VIX ETFs Instead [View article]
You're right, some people were buying TVIX because it wouldn't fall on the days that VXX and UVXY fell.
A momentum trader who posts everyday on Stocktalks, bought TVIX the morning of March 22nd because it had momentum. I thought those guys used stops, but he didn't and lost 70% in 3 days and capitulated. Unfortunately for him, TVIX came back up 60% over the next 2 weeks.
General TVIX Has Been Demoted: Use VIX ETFs Instead [View article]
You can check the NAV of TVIX by typing ^TVIX-IV into the quote box on Yahoo. Currently the NAV is 8.41 and TVIX is at 8.86, so TVIX has a premium of 5.4% at the moment. The NAV went up 4.2% today, while TVIX went up 7% today, so TVIX added to its premium today.
On March 21st, TVIX had a premium of 53%. Three trading days later it was gone.
Excellent article, Josh. A very comprehensive summary of the considerations that must go into a volatility play, and some helpful history of the trading levels.
General TVIX Has Been Demoted: Use VIX ETFs Instead [View article]
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As WTI crude continues its protracted descent, now -1.4% to $86.55/bbl, oil is now officially in bear territory, BMO's Sal Guatieri says. Deutsche Bank also joins the sliding sentiment, as "physical fundamentals are also weakening with crude oil inventories on the rise." How low can oil go? "Following the 2008 credit crisis and global downturn, it bottomed at $31,” Guatieri recalls. [View news story]
Or it could just be an opportunity for a savvy investor to catch a double on the retrace when Bernanke prints to save his job.
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I should've used "$20 in cash plus some other stuff for 19 bucks" as my title!
General TVIX Has Been Demoted: Use VIX ETFs Instead [View article]
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General TVIX Has Been Demoted: Use VIX ETFs Instead [View article]
A momentum trader who posts everyday on Stocktalks, bought TVIX the morning of March 22nd because it had momentum. I thought those guys used stops, but he didn't and lost 70% in 3 days and capitulated. Unfortunately for him, TVIX came back up 60% over the next 2 weeks.
That TVIX is a crazy story.
General TVIX Has Been Demoted: Use VIX ETFs Instead [View article]
My warning post from March 19th: http://seekingalpha.co...
My "it's happening now" post from 5% into the 33% drop on March 22nd: http://seekingalpha.co...
General TVIX Has Been Demoted: Use VIX ETFs Instead [View article]
On March 21st, TVIX had a premium of 53%. Three trading days later it was gone.
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