No Nonsense Sirius XM November Thread

[user34615145]

Listen... I know you're mocking me and my conversation with DM with your little quips. Real funny and clever.

At what point did you make the decision that the market was going to correct and get volatile to where you played the VIX options? I know you are controlling a lot shares for very little down but I just use the SHORT ETF's to make my bets on market corrections PLUS the fact that I have TIME ON MY SIDE unlike you. WTF were you thinking? Was it a gamble or whaT?

Were you thinking it was going to be October as usual? My bet NOW is that Janet Yellen has spooked fund managers to do their window dressing either at the end of this month or some time before the fed meeting in Dec. on rate hikes? AM I WRONG or WHAT?

Mock you? I wouldn't do that. bdp wants everyone to play nice or he'll be disappointed, so that would be bad.

I usually have the right call with the VIX being too high or too low and needing to correct...but I'm off with the timing...and my calls or puts expire worthless.

In retrospect, ETF's would have been the way to go with those VIX bets. (and they are "bets", and not "investments") I think you are correct in that the way to play it, if you are so inclined, is to buy a VIX or inverse VIX etf and hold it. I guess I didn't go that route because the etf's don't actually track the VIX accurately...only picking up about 1/2 the move of the VIX itself. But to your point, at least they don't expire and you can usually just hold, and hold, and hold until you are eventually right.

[user34615145]

Cool... so when does the year end selling begin or do you reall think they are going to close the market at or close to ALL TIME HIGHS?

I can't speak for most people but if you were me, would you be selling before the end of the year? - assuming taxable account (and it is)

[user34615145]

That's what I am trying to figure out. Was the last "selloff" window dressing? I don't think it was WD. I think they are going to try and do it either EOM or next month. I could be wrong and have been ALOT.

Well all I know is that sometime between now and the end of the year, I'm going to take my gains and zero things out. If I think any of my holdings still have legs, I'll buy them back in 31 days. The timing of the sales will depend on the particulars of each holding.

[dm_4]

Did SIRI just bounce off DM's $4.08?

Funny you mention that SS...i saw it after the fact i was pissed lol. was busy trading elsewhere....maybe we get another shot at it.

EDIT: Although would have been difficult up until this pnt to make money on that bounce as we have only got to what 4.11 maybe since? chances are you fill 4.09 prob not gonna get 4.11 out if it just sits there. But could work out for a nice swing trade if you give it a few days.

[denco1]

Funny you mention that SS...i saw it after the fact i was pissed lol. was busy trading elsewhere....maybe we get another shot at it.

EDIT: Although would have been difficult up until this pnt to make money on that bounce as we have only got to what 4.11 maybe since? chances are you fill 4.09 prob not gonna get 4.11 out if it just sits there. But could work out for a nice swing trade if you give it a few days.

Damn that dog is attracted to that 4.08. Glad it's been hard nipped support so far.....

[dm_4]

Damn that dog is attracted to that 4.08. Glad it's been hard nipped support so far.....

i just bought 10k shares...had a limit in 4.08 i knew they would not let me have it at that price.....put in for a market order when it was sitting 4.08....fkers gave it to me for 4.09....lol...phking thiefs!!! lol. oh well. I knew they would not give me 4.085.

[dm_4]

in on plug too for the play to 3.00

[dm_4]

watch for the non farm payrolls out tomorrow. Fed hinting a rate hike in dec and economic data mixed bag. I am of the mindset no rate hike in dec.

I am up 300 on my siri purchase but actually really only 200 as they will not sell me 4.12.

I was going to sell my 2.09's for 2.11 and just take the quick 200.00 but got distracted. Had i done so....i would have had a $600 day. Instead i have to settle for a 400.00 dollar day which is just fine by me.

If one can make 400.00 a day...not really all that difficult to do, that adds up to some nice bank. I think there are approx 250 trading days in the year give or take. Lets say for whatever reason you trade only 200 of those days. 400 a day x 200 = 80k gross. Those are conservative numbers i think.

[dm_4]

just put my 4.09's for a limit sell of 4.12. After hour high was just over 4.12. It prob wont hit...but worth a shot.

[dm_4]

Hi LB how ya been man?