So...Michael Burry has sold 71% of his stock portfollio!! | |
Anonymous Coward User ID: 78017427 04/26/2021 08:40 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79305244 Germany 04/26/2021 09:15 AM Report Abusive Post Report Copyright Violation | |
I.N.R.I.
User ID: 80281612 Romania 04/26/2021 10:17 AM Report Abusive Post Report Copyright Violation | as they say the market can remain irrational longer than you can remain solvent. i think the rug will pull in time for a gloomy late fall and winter. there's tons of volatility and all the signs of everyone getting theirs in one pump and dump after another, and all these over leveraged greedy manipulators are going to get margin called and evaporate overnight. i fully expect citadel like archegos to just up and vanish one day and there will be lots of fortunes made and lots of people going broke all at once. Wrong, the plug is planned to be pulled in may, get ready or don't. |
President-Elect D. Moraniac
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Cornfox
User ID: 80273412 United States 04/26/2021 10:58 AM Report Abusive Post Report Copyright Violation | In June 2008 I think I recall things starting to get pretty volatile. By September, it was making large drops nearly every day. I only owned an oil trust during the wild talk about $300 barrels of oil. I got out before the peak. I never considered going back in. I didn't feel I knew enough about investing to participate in instruments as complex as stocks. I've experimented with VIXY last year and made some gains but there were quite a few losses. Fortunately the gain was bigger than the losses. I've since learned that large drops won't always corelate to an increase in VIXY. So perhaps I might consider something like PSQ for shorting the Nasdaq. Timing a collapse like that is hard. Best I can hope for with something like volatility trading, is being aware of VIX levels above 50 and rising a few percent per day. With this I may lose quite some hefty gains but I know the run is here. Last time it bottomed in only about a week. This time.. who knows. Bit like catching a falling knife. Leveraged ETFs are scary because sometimes they disappear over night, or are really ETNs so I've learned of risks with ETNs in addition to the other risks. It is a stressful way to speculate I'll say that. Last Edited by Cornfox on 04/26/2021 11:07 AM |
bigD111
User ID: 65945302 United States 04/26/2021 01:46 PM Report Abusive Post Report Copyright Violation | In June 2008 I think I recall things starting to get pretty volatile. By September, it was making large drops nearly every day. I only owned an oil trust during the wild talk about $300 barrels of oil. I got out before the peak. Quoting: Cornfox I never considered going back in. I didn't feel I knew enough about investing to participate in instruments as complex as stocks. I've experimented with VIXY last year and made some gains but there were quite a few losses. Fortunately the gain was bigger than the losses. I've since learned that large drops won't always corelate to an increase in VIXY. So perhaps I might consider something like PSQ for shorting the Nasdaq. Timing a collapse like that is hard. Best I can hope for with something like volatility trading, is being aware of VIX levels above 50 and rising a few percent per day. With this I may lose quite some hefty gains but I know the run is here. Last time it bottomed in only about a week. This time.. who knows. Bit like catching a falling knife. Leveraged ETFs are scary because sometimes they disappear over night, or are really ETNs so I've learned of risks with ETNs in addition to the other risks. It is a stressful way to speculate I'll say that. My banker was playing the oil options market. He was up about 65 grand, when the oil market collapsed and went negative. Cost him 140 grand! A hard lesson to learn. deplorably republican |