ugh huge tick up
Stock Market Intraday Chat: Feb 20th - 24th - Page 27
I bought DELL at the open and should have bought a lot more. I'm going to hold this one till I see it start reversing. I'm long BAC and just barely hanging on and stopped out of MU. SHLD puts are eating my lunch.
Not probably.. This is for sure what they want to do. These gains are beyond obvious that manipulation is taking place here. Best thing to do is to buy every dip.
Look punk, I do carry a Glock.
I do have a stop on BAC since yesterday but so far so good. I did sell 50% yesterday also which is something I never do but I agree with you it's not prudent to be buying more. And as you know you are welcome here anytime.
Been wanting to long some of those, but wanted to wait for the top to paint itself a bit more clearly. Right now I'm still wondering if it has more covering legs left. What about you, been watching it on granular time frames (1 and 5 min) and if so do you feel the covering is done? Do you have a pain threshold for the position? I'm looking at the Mar 60P but those are still quite pricey to my eyes. These overshoots of targeted levels are such killers.
This could be a sucker play on TVIX longs. TVIX is sitting on a 10% premium to NAV, which is unlikely to last that long IMO. Also, March VX (VIX front month futures) is at a 20% premium to VIX, as expiration draws closer, VX will pull closer to VIX, so if VIX doesn't rise more than 20%, TVIX is almost guaranteed to drop. The lack of volume on a short-term relative basis is also another sign demand is actually highly diminished, lending credence to the idea someone was pressing CS to their OS limit by creating artificial demand, against which they have now probably flipped to a net short position. Highly advise you to set a hard stop and promise to not change it... this could get very ugly, still could be a winner, but the risk is hidden and extreme. ED: premium over 11% now, just amazing, and don't assume it's a free lunch.