Dang! Lookit the VIX. Down UNDER 12!....for a day or so it popped up to 13.5 or so but has since settled back down.
I just don't think that makes much sense. I would think that at least going into the Sept Fed Mtg, it might show some signs of life and climb up to 15 or so.....
But then, for me, trying to figure what/when/how the vix will move is like trying to read a Ouija board
I am just guessing, but I think he got burned by trying to time Apple. Just like market timers got burned by Disney today. Timing is a fool's game and is the complete opposite of investing. Day to day movements in stocks mean absolutely nothing to investors. Valuation and growth means everything. People dollar cost averaging into Apple and Disney will likely be handsomely rewarded over time, while market timers lost their shirts on earnings. Traders who don't read financial statements are gamblers.Originally Posted by denco1
Warren Buffett came out recently with a great investment philosophy similar to John Bogle of Vanguard (who I have followed since 1990). 90% S&P 500 index and 10% short term bond fund. It's brilliant. I prefer following media companies (a Malone philosophy), but I always have a great deal of faith in my indexes. Bogle has preached it for decades and Buffett agrees.
Last edited by MUSCLE13; 08-05-2015 at 10:50 AM.
I posted that earlier and removed it. I remember him calling for Apple $124 before the big drop. I agree, it may explain why he picked up his ball and left.
Last edited by midas360; 08-05-2015 at 10:52 AM.
Liberty Media Reports Operating Profit Decline on Legal Settlement
DOW JONES & COMPANY, INC. 9:45 AM ET 8/5/15
Liberty Media Corp. said operating profit in its latest quarter fell, as a legal settlement offset strength in SiriusXM Holdings Inc., in which Liberty owns a majority stake.
Sirius XM had an "outstanding" quarter, according to Liberty, with subscribers growing 46% to 692,000. Its churnrate--which measures subscribers dropping the service--was the lowest since the 2008 merger with XM Satellite Radio,Liberty said.
The media conglomerate, controlled by billionaire and cable pioneer John Malone, also owns the Atlanta Braves MajorLeague Baseball team.
Mr. Malone's Liberty Broadband Corp., meanwhile, owns about a quarter of Charter Communications Inc.(CHTR), which agreedto acquire Time Warner Cable for $55 billion.
Aided by an 8.5% revenue increase at SiriusXM, Liberty's revenue rose 5.3% to $1.22 billion.
The company's operating income fell by $60 million to $171 million a year earlier, though, thanks in large part toa $108 million legal settlement associated with SiriusXM. A 13% rise in operating costs also bit into the bottom line.
Net income rose to $61 million from $50 million, boosted by a smaller tax expense than in the year-ago quarter.
Last edited by midas360; 08-05-2015 at 11:00 AM.
I don't know. I have this funny feeling he will be back.
No I won't be back and it's merely saying farewell to the few who frequent here and contribute or simply lurk and hope for a bit of info. Have removed my post history (at least so far as it is searchable...) and asked Charles or Spencer to deactivate the account.
This is not meant to be a focus for discussion. Just a simple nod and departure.
Haven't done this in the past, no
Can contact me on SA though I am not particularly active there.
For the record it seems I also got burned with AAPL calls as well (Short 10 122's and 10 120's. for Aug 7 op-ex) and I'm still here!He did mention his expectation last Wednesday I think that it would go to 124 but I also seem to remember that he's said he was sitting AAPL out until it settled down a bit.
Anyhow if you are truly interested in the whys and wherefores all this speculation and conjecture could be cleared up by reaching out with a PM on SA. Personally like I said before, I'll take his statements at face value and just move on and leave him alone.
Ah crap...now I look stupid. Hey SF. Good to see you browsing
right on muscle....trying to time moves in the market in general is a fools game. Was hanging on the beach patio bar with a very successful person. Person owned a ton of properties, a gentleman's club, etc. He said the only real investments he ever lost big on was options. He went into more detail...but will spare those. After hearing what he had to say about options it just solidified my reasons not to get involved with options.
Well.....this is awkward.......... Kind of like being in the middle of a eulogy at a funeral and the dear departed walks in.......everybody's head turns and he's like "hey guys....what's up?"
Anyway, hope that clears things up and NOW can we move on and will SOMEBODY help me figure out what to do/or not with the VIX?Guys. It's just that I prefer to focus my time on other things. I haven't touched AAPL since the last trade posted. Made 40 lost 12 made 9 back and done. That all went into SIRI.
This isn't because of DM, but the back and forth nonsense between DM and Midas is detrimental to intelligent conversation. I honestly don't know why Midas is here if he is not invested in SIRI and has no interest in SIRI (yet every penny is interesting to him or frustrating to him or whatnot?) but I understand that everyone is welcome here and I'm not going to suggest otherwise
This is turning into another CNBC here. That's all. I try to avoid all the headlines and nonsense opinion pieces and whatnot and they're all linked in here. Greece this and puerto rico that and John Malone this or that and someone's article (opinion) on what he may or may not do. Links to SEC form 4's that don't matter, etc.
Others may find all that useful but I try to avoid it... probably sounds crazy right? A guy invested so much in SIRI doesn't care about when an insider exercises options or what the breakdown on auto sales are by manufacturer or what the fed may do today or tomorrow or...
Makes my head noisy. I'm not good at blocking it out. Like I said some time ago GF moving in on the 17th... just need to remove the things that are not necessary. Chewing out a few people saying dumb crap on Seeking Alpha over the next week should get the rest of this outta my system beforehand and I'll probably check out of there too... at least from the comments sections if possible.
SIRI had such a good quarter. I have sat down to write an article 3 or 4 times now. Trying to write about LMCA / SIRI relationship and explain why SIRI should stir around here while the other two tickers catch up and ... but I get halfway through and delete it because I know the comment section will be a bunch of horse shit crying about $4 and dumb crap about "wifi" and whatever else, and I don't have a 2X4 that I can swing through the screen and beat people with. SA has a paywall per author feature I may utilize to weed out people... I need to look into that.
Muscle may be cranky but he's one of the smartest guys in the room right here, and I hope and pray right along with him that most people just get the heck out of the stock :P
Look at that LMCA article the guy wrote the other day about the discount to NAV. It went out to SIRI subs.... you'd think a smart article like that would generate some discussion but no... the majority just wanna keep it so absolutely dumb...
I'm rantingAnyways. Wasn't a specific person here and wasn't the admins. Just a personal decision.
Last edited by user34615145; 08-05-2015 at 11:35 AM.
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