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Stock Thread (43 Viewers)

XIV going to hit zero shortly. Looks like they called a termination event.
It should terminate at what point they managed to close out the futures.  It's going to be super ugly, though.

Right now I'm holding steady, but looking at items that may be on sale.  7% down isn't a huge move (yet).  GE may be on that list.  O is probably on the list.  If I didn't have a large amount CVX and/or XOM would be on the list.  Those have been slaughtered.  The prevailing economics are still in play - if we overshoot down I'll be buying a bit.

 
They were not mirroring the VIX properly.  They were down around 14% at the close and should have been down considerably more. One of the reasons it crashed so hard after the close.  Well that and because they are basically shorts supposedly they were called in. XIV should terminate tomorrow.  A majority of XIV holders were hedge funds so who knows what kind of bs is gonna happen though.

 
no matter what happens in the next 5 minutes, Amazon will close above $1,400.
Thanks for reminding me of my biggest investing mistake. 

Back around 2001 I transferred brokerages from buyandhold.com to share builder. In the process I sold all my stocks, put money in the bank, then bought new stock. I had a bunch of Amazon shares, but chose not to repurchase any. :(

It's only gone up like 1000% since then. 

 
Futures just dropped 300 points in about 5 minutes, don’t see that too often at 830pm. 

Somebody bump the LHucks thread so the market goes up again.

 
A little more XIV digging. CS (the issuer) also owned 1/3 of the shares - they’re terminating to limit losses (most obvious play)... 2nd biggest holder; Morgan Stanley.

 
We open down huge, I’m diving in - Nikkei down 5%.

If JPM is down to $100, I’m back in, AMZN, I don’t care what the price is.
Impressive destruction. I'll be moving in as well tomorrow. The ^VIX will signal when to buy. Tomorrow it will spike to its 2nd highest level ever, if not it's highest level ever. That time was the housing collapse. This is nothing near that level of economic trouble. 

VIX Chart

This thing was correct yet again.  Bank of America Merrill Lynch's "Bull & Bear" indicator - 12 straight times now. Glad I moved my $.

 
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Sitting on like 40 racks after selling all the stock I owned last Thursday (family gift for tax purposes a few years ago. its gone up a bunch. Sold after a real nice post earnings-call jump).

Need to keep it somewhat liquid (as I may need some of it for a house down payment in the next few months) but what should I do with it? Today's blood bath aside, it seems silly to get nothing out of it in the interim.

 
Impressive destruction. I'll be moving in as well tomorrow. The ^VIX will signal when to buy. Tomorrow it will spike to its 2nd highest level ever, if not it's highest level ever. That time was the housing collapse. This is nothing near that level of economic trouble. 
The last sentence is so key

 
Same - I have Boatloads just sitting.  Gotta figure something out
The reason I have a lot sitting though, I think there's a lot of political risk right now.  When the Mueller investigation finishes, somethings going down one way or the other and I don't really want to be in the market when it does.  Just my opinion.

 

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