Realizing I should have scalped some profits when it went above my $205 line and rebought lower.
Also realizing that instead of 1 big panic spike like in March, we may see multiple medium sized spikes as it more gradually waterfalls into August.
Def tryin to exit everything early July, hope for a bit of a recover and rebuy sometime before mid-August low hits.
That's as clear as the data can paint right now, be prepared to ride wild swings for the next two-three weeks! This thing can double in a day if the news or panic is bad enough.
There's gold in them there spikes!
Here's my OG idea from June 4th, my lines held up very nicely! B)
Kommentar
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What a disappointing update to have to make after this post...
delisting news has me very concerned. Any insight as to how to trade this till July 2? Was expecting a dump this morning with that news but surprised to see its up? could it be shorts covering?
ThomasRandall
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Need to get out before July 11 due to the new Credit Suisse announcement
ProfitHarvest
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@ThomasRandall, "the Nasdaq ETNs will continue to trade on The Nasdaq Stock Market up to and including July 2, 2020"
ThomasRandall
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Just cleared all my positions of 650 tvix at 160 and the price dropped crazy...
ProfitHarvest
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@ThomasRandall, So far still behaving inline with non-Credit Suisse inverse markets but yea that's probably smart.
Diaana
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Hi Guys, the delisting really stressed me. Does it mean we have to get rid of it before or will there we a settlement from the issuer of any kind? Does anyone know?
ProfitHarvest
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@Diaana, Man it's just a ticking time bomb now... this shit should be illegal, 9 days notice? WTF is that?
Based on the press release they are warning that liquidity could dry up and you could be unable to sell and also sounds like it is worth $0 on July 2nd lol.
In the meantime, my best assumption is that it is still setup to capture volatility and should still behave normally especially for small fries like us.
The closer we get to July 2nd, the more risky I would assume too.
NxtSpk
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Sad that they are delisting this..this announcement itself is the ultimate BEAR sign I think. They know the crap show is coming the TVIX will go through the roof. So they are getting out..shoot!
ProfitHarvest
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@NxtSpk, The coming crash will be at such a scale it's gonna break all their inverse markets.
Remember, they created these AFTER the last financial crash and clearly it can't hold up well through a crash.