I wouldn't touch that "sucker play" for all the tea in China.
You could make a lot of money getting in on the IPO and flipping it, but five years from now we're going to be laughing at the suckers who took the bait.
I wouldn't touch that "sucker play" for all the tea in China.
You could make a lot of money getting in on the IPO and flipping it, but five years from now we're going to be laughing at the suckers who took the bait.
I wouldn't touch that "sucker play" for all the tea in China.
You could make a lot of money getting in on the IPO and flipping it, but five years from now we're going to be laughing at the suckers who took the bait.
EPP and I finally agree on something.
'taint the first time we've agreed friend... Won't be the last either
You have any vacation time coming? Head on down here to KW. I'll show you all the the spots the 'locals' love!
I just wish my liver could last more than a month down here every year.
I wouldn't touch that "sucker play" for all the tea in China.
You could make a lot of money getting in on the IPO and flipping it, but five years from now we're going to be laughing at the suckers who took the bait.
epp, you are amazing sometimes. how do you take the following quote:
KennyTheKangaroo wrote:
pretty harsh assesment of Facebook.
and extrapolate it into a quote something like this
KennyTheKangaroo wrote:
kenny the kangaroo wants to buy facebooks money and then make it rain in the club because its a brilliant investment idea
nowhere has anyone suggested that buying a facebook IPO, or any IPO about buying it. kenny the kangaroo has done enough reading about the facebooks recently to come to the conclusion that there is a lot of growth potential there. it seems pretty bold to believe that facebook, with its treasure trove of info, is worth only 30% of what the market is saying its worth. does that mean kenny the kangaroo is going to buy the stock, especially at the IPO stage? Hell no. Homie dont play that.
I wouldn't touch that "sucker play" for all the tea in China.
You could make a lot of money getting in on the IPO and flipping it, but five years from now we're going to be laughing at the suckers who took the bait.
epp, you are amazing sometimes. how do you take the following quote:
KennyTheKangaroo wrote:
pretty harsh assesment of Facebook.
and extrapolate it into a quote something like this
KennyTheKangaroo wrote:
kenny the kangaroo wants to buy facebooks money and then make it rain in the club because its a brilliant investment idea
nowhere has anyone suggested that buying a facebook IPO, or any IPO about buying it. kenny the kangaroo has done enough reading about the facebooks recently to come to the conclusion that there is a lot of growth potential there. it seems pretty bold to believe that facebook, with its treasure trove of info, is worth only 30% of what the market is saying its worth. does that mean kenny the kangaroo is going to buy the stock, especially at the IPO stage? Hell no. Homie dont play that.
Nah, you took it all wrong.
That wasn't meant to say you were endorsing the IPO.
Just that I was taking the opportunity to say I think it's a huge suckers bet.
If I gave the wrong message, I apologize. It's Facebook investors I'm chuckling at, not you KtK.
You want to make some money? Do your due dillengence on the TVIX.
Don't touch it unless you understand both ETF's, the "Erosion" factor of daily ETF's and market Violtility.
for the record, go back a few pages and observe the following post by yours truly:
KennyTheKangaroo wrote:
kenny the kangaroo made a nice little profit betting against the VIX this month. using kenny the kagnaroos powers of deduction, it was determined that the market is less volitile when people are counting down the days to christmas and new years. result: a tidy 24% profit.
conclusion: derivitives can be your friend, sometimes.
and kenny the kangaroo should give props to EPP for shedding light on using ETFs to bet on/against the VIX
You want to make some money? Do your due dillengence on the TVIX.
Don't touch it unless you understand both ETF's, the "Erosion" factor of daily ETF's and market Violtility.
for the record, go back a few pages and observe the following post by yours truly:
KennyTheKangaroo wrote:
kenny the kangaroo made a nice little profit betting against the VIX this month. using kenny the kagnaroos powers of deduction, it was determined that the market is less volitile when people are counting down the days to christmas and new years. result: a tidy 24% profit.
conclusion: derivitives can be your friend, sometimes.
and kenny the kangaroo should give props to EPP for shedding light on using ETFs to bet on/against the VIX
I saw that, and ' props ' to you.
Careful to everyone else though, BIG money is made and LOST playing VIX and TVIX.
He'll, it ain't much different than the Vegas casinos.
Careful to everyone else though, BIG money is made and LOST playing VIX and TVIX.
He'll, it ain't much different than the Vegas casinos.
We are back on the same page. Hard feelings.
A few thoughts on the VIX
1.) derivitives, in most forms, really are legalized gambling. when kenny the kangaroo first really learned how an interest rate swap worked, it was shocking to realize that banks were allowed to sell that kind of products to schools, municipalities, etc.
2.) kenny the kangaroo justifies gambling on the vix like this: there will be changes in volatility, but hypothetically, everything will return to a sense of normal given enough time.
Just found this article on SA and I thought it made some pretty good points but I dont really understand all these 'adjusted' numbers that they come out with. But, overall it seems to follow what you said EPP about how nothing is really fixed right now.
Someone tell me about seeking alpha. Who are the writers on this site. I have found some good stuff there, but also some not so well thought out points. Do they have staff writers or is it general population people contributing?
I think a bit of both. I think they have staff?, but I think anyone can contribute but it has to get approved by Moderators. Some of the stuff is written by like representatives of investment firms and such and I think other stuff is just random people.
Wishing I had hopped on BAC when it was at 5 bucks
I think a bit of both. I think they have staff?, but I think anyone can contribute but it has to get approved by Moderators. Some of the stuff is written by like representatives of investment firms and such and I think other stuff is just random people.
Wishing I had hopped on BAC when it was at 5 bucks
Yeah, must be because I have seen some competing sentiments on there. That is fine, but most recently I saw a couple articles talking up MRK taht were fairly well thought out and then one random one that I didn't think was too well thought out and was against MRK.
Definetly competing views. You can add your portfolio to the site if you register (free) and then any articles tagged with your tickers will be listed for you. You'll see pro and con articles all the time. If you take the time to put in your holdings and price purchased and stuff it'll track your performance throughout the day as well, but its delayed. But overall I like the site, as a starting point for research, and then go from there in your diligence
I am all for competing articles, but the one against MRK was the first one I read on that site that I thought their points were not fairly well thought out...they may have had a good point, but maybe did not explain it that well. Even some of the commentors were questioning a few things.
I also think FedEx and/or UPS may be good buys now. They are both expecting huge increases in holiday shipping and FedEx seems very undervalued at ~$82 a share right now. Just a few weeks ago it was at ~$70-something but 3 months ago it was near $100. With a lot more retail going online, they may be worth a look.
When you buy TVIX and whatnot, when do you decide to sell/take a profit?
Do you try to time the market and say "OK, things are going to calm down, time to sell."
Or do you try to say "ok, its time to buy. i will sell when i reach an x percent gain."
when kenny the kangaroo bought XIV 2 months ago, the decision was to sell after a 25% gain, no matter what. while kenny the kangaroo missed out on another 15% or 20% or something, kenny the kangaroos attitude towards this kind of speculation is set a goal, and if you met that goal, bolt. kind of like sitting down at the blackjack table.
When you buy TVIX and whatnot, when do you decide to sell/take a profit?
Do you try to time the market and say "OK, things are going to calm down, time to sell."
Or do you try to say "ok, its time to buy. i will sell when i reach an x percent gain."
when kenny the kangaroo bought XIV 2 months ago, the decision was to sell after a 25% gain, no matter what. while kenny the kangaroo missed out on another 15% or 20% or something, kenny the kangaroos attitude towards this kind of speculation is set a goal, and if you met that goal, bolt. kind of like sitting down at the blackjack table.
I don't put "hard stops" in. Things change, especially with Volitility plays. I try and monitor things as close as possible though. You can't take your eye off the ball with volatility.
I go in and get out the same way though, slowly. Not all at once. Not unless there's something major like last years Japanese earthquake/tsunami.
We are back on the same page. Hard feelings.
