DJ UPDATE: Goldman Sachs Still Sees Value In Gold; Maintains Long Position | |
Feb 22, 2012 (Dow Jones Commodities News via Comtex) -- -- Goldman Sachs still sees value opportunity in gold, despite 2012 price gains Gold was at $1755 on Feb 22, now its at $1655, one month later. Stocks offer best opportunity in a lifetime: Goldman SachsPublished on Thu, Mar 22, 2012 at 08:12Now Goldman comes out with another buying opportunity of a lifetime call, AT THE TOP. Buy Equities!! Classic Goldman Scams. Always know that they are doing the opposite of what they say. Always. I see very little upside over the next 2 months in US stocks. This Goldman call only strengthens my conviction. But, I don't see us falling much at all, so expect sleepy trading in a tight range. P.S. - There are many more examples of Goldman coming out after a huge rally in some stock/index/commodity, and screaming buy. Invariably followed almost immediately by a sharp drop. Crude oil in summer of 2008, Euro in the spring of 2010, etc. The list is numerous. |
Wednesday, March 21, 2012
Goldman Scams
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19 comments:
Markets aren't up much net past 18 months. Recent move up broke out of a range.
dawg, u still in tvix? ouch.
I got out of TVIX a long time ago.
I went long UVXY yesterday at 18.30 and sold today at 19.30.
Right now long TVIX @ 10.50
OD
I changed my name to POD
PO OL DAWG
POD, why is it tanking like that?
Looks like TVIX was a bloated ETN pig way above NAV. Here's the news:
The TVIX built up a huge premium to its net asset value (NAV), which grew as high as 89 percent on Wednesday.
Yesterday that premium begain to collapse as the TVIX dropped 30 percent. Today it continues that trend, losing another 27 percent. Some attribute the latest decline to Credit Suisse's statement that it will start creating new shares on a "limited basis."
Apparently, CS stopped issuing shares on Feb 21st.
This created a premium. I guess it's like they stopped letting air out of the balloon. Then it popped.
I don't get it, to tell you the truth, I don't want to get it.
I think ETN's are another wall street scam.
It's made for gamblers like me.
Look at any chart of any of these POS ETN/f's. FAZ, DRV, TZA, TVIX,
all of them look like a massive hill in San Francisco.
They basically all are designed to go to zero, and if the market melts, then they go up real quick but come down just as much.
I dont' think I've ever made money on the long run in any of these.
FUCK!!!!
PO DAWG
And then when it gets to single digits like 4 or 5 bucks these stupid ass banks just do a reverse stock split.
The SEC will never ever wipe these things out.
The SEC is in on it. Why does America allow casinos. Why do Indians run casions.
Because it gives unsuspecting gamblers the retarded glimmer of hope that they will make a buck.
Jokes on them!!! (AND ME)
PO DAWG
http://finance.yahoo.com/blogs/breakout/warning-investors-don-t-tvix-ed-says-macke-162642044.html
Damn I just took a 3 and half point hit on this piece of shit.
Here is the OL DAWG methodology to coming back from a sinking ship.
1) devise a short term vision of what is expected to happen in the next week. All the headlines say end of quarter window dressing blah blah blah. Media is probably right. Market could go back to 1410 next week. If by 12 pm on Monday, we are not below 1400, then this is going to be the first sign window dressing will take place.
2) Let the price of TVIX dictate my own strategy. If at open, this thing is below 7, I sell no matter what. If I see 6.97 I push the sell button
3) Whether next week window dressing happens or not, first two days of April the market is going to go up for start of new quarter.
4) Given window dressing and the 2nd quarter effect, I see TVIX going to low 5 dollar area by the first week of April. Holy shit, I am not going to rot another 2 points with this shit. Go to step 2.
5) Given next week window dressing doesn't happen, TVIX climbs to 9 dollars by Friday. I'll take the 1.5 point loss and get the fuck out of the way for beggining of Q2.
6) I will be happy with 5). But if 4 happens here is the plan.
Sell at the open on Monday given TVIX goes to 6.97.
Wait for crash to 5.25. Sell all my other regular long positions.
Long TVIX like 9K shares at 5 dollars.
After the first week of April, market goes to hell. VXX goes back to 20+ and TVIX will be a 10 dollar stock by end of April.
I will have more than doubled my money at the least within one month.
Thank you TVIX!
PO DAWG
I think you should just get the hell out of TVIX, the gig is up. It's a sinking ship, it should have never been trading so far above NAV. Now's it's still trading above NAV, so it's overvalued. Just move on to the next play. If anything, I would short TVIX if it bounces back up to 9 or so. I don't see the market going down so this pig will probably just bleed like all the other scam ETFs and ETNs.
You don't see the market going down but you don't see the market going up?
So you think investors feel optimistic about earnings and the economy. Enough not to create volatility.
What's the bottom of the VIX?
We're at the tail end of a volatility collapse. I can't see this lasting long.
Maybe I need to buy call options on VXX.
Volatility is collapsing because the market isn't moving much. The implied VIX has been higher than the realized VIX for the past 4 months. It takes time for such a strongly rising market to change trends. We should be creeping higher for at least a couple more months. Last fall got rid of a lot of the weak hands, most of whom haven't gotten back on board. Those who have been buying are corporations flush with cash doing stock buybacks to reduce their share count.
Hey MO, so far Goldman calls have been working. What to do you think? Does the street pull the plug at some point? With today's rally, everyone is even more sure we're just going higher.
DAWGMAN SACHS SAYS : "BUY"
OPPORTUNITY OF A LIFETIME.
DAWGMAN SACHS SAYS : "BUY"
OPPORTUNITY OF A LIFETIME.
As I have said over and over again, the ES is the strongest market in the world. THE STRONGEST. Why try to pick a fight with Superman when you can pick a fight with scarecrows.
Much better markets to short. I would only go long ES, not short it at this juncture. I will be singing a different tune when the time is right. Nothing lasts forever. But in the meantime, I would much rather be beating up on weaklings like China, Europe, or Australia/Brazil.
May see rotation into lagging indices. I wouldn't short period. Just buy dips and buy a bigger one in May.
How do you know we have a big dip in May? Because we had one last year, and the year before, so its gonna happen every year? LOL. I think this big dip will happen later than people think.
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