ShareThisPre-opening Comments for Friday January 20th
U.S. equity index futures are lower this morning. S&P 500 Index eased 3 points in pre-opening trade. Investors are responding to fourth quarter earnings reports and failure of Greece’s government to negotiate an agreement with its creditors.
Responses to fourth quarter results released after the close yesterday were significant. Positive responses were triggered by IBM, Microsoft, Schlumberger and Intel. Negative responses were triggered by Google, American Express, Capital One, Intuitive Surgical and General Electric.
Canada’s Consumer Prices in December fell more than expected. Consensus was a decline from 2.9% to 2.7% on a year-over-year basis. Actual was a decline to 2.3%.
Lockheed Martin eased $0.71 to $83.00 after Bank of America/Merrill downgraded the stock from Neutral to Under Perform.
Raytheon improved $0.09 to $49.97 after Bank of America/Merrill upgraded the stock from Neutral to Buy. Target is $55.
Intel added $0.17 to $25.80 despite a downgrade by Kaufman Brothers from Buy to Hold.
UBS downgraded several coal stocks from Buy to Neutral including James River Coal, Arch Coal and Patriot Coal.
Blackrock is expected to open lower after Citigroup downgraded the stock from Buy to Neutral.
Norbord is expected to open higher after RBC Capital upgraded the stock from Sector Perform to Outperform.
Texas Instruments eased $0.22 to 33.60 after Needham downgraded the stock from Buy to Hold.
Technical Watch
International Business Machines (NYSE:IBM) – $185.76 added 2.9% after releasing higher than consensus fourth quarter results. The stock has a positive, but deteriorating technical profile. Intermediate trend is up. Support is at $175.46 and resistance is at $194.90. The stock trades above its 200 day moving average, but below its 50 day moving average. Seasonal influences are positive until mid-February, but turn negative thereafter. Short term momentum indicators are trending down and the stock has underperformed the S&P 500 Index since the middle of December. Preferred strategy is to accumulate on weakness closer to support at $175.46.
Intel Corp. (NASDAQ: INTC) – $25.80 added 0.7% despite a downgrade by Kaufman Brothers from Buy to Hold. The company reported higher than expected fourth quarter results. The stock has a positive technical profile. Intermediate trend is up. Support is at $23.05. The stock trades above its 50 and 200 day moving averages Strength relative to the S&P 500 Index has been positive since the beginning of April. Seasonal influences are positive until mid-February and turn mixed thereafter. Short term momentum indicators are overbought and recently rolled over. Preferred strategy is to accumulate the stock on weakness to support at $23.05.
![clip_image004[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2012/01/clip_image004110.png "clip_image004[1]")
Intel Corporation (NASDAQ:INTC) Seasonal Chart
![clip_image005[1]](http://charts.equityclock.com/wp-content/uploads/2010/03/image220.png "clip_image005[1]")
Blackrock Inc, (NYSE:BLK) – $187.54 is expected to open slightly lower after Citigroup downgraded the stock from Buy to Neutral. The stock has a positive technical profile. Intermediate trend is up. The stock trades above its 50 and 200 day moving averages. Strength relative to the S&P 500 Index has been positive since late October. However, short term momentum indicators are overbought and showing early signs of rolling over. Preferred strategy is to accumulate the stock on weakness closer to its 200 day moving average at $172.14.
![clip_image006[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2012/01/clip_image00613.png "clip_image006[1]")
Mark Leibovit’s Daily Comment on Gold
More information on Mark’s services is available at
http://www.vrtrader.com/login/index.asp
GOLD – ACTION ALERT – BUY
Silver at 33-35 and Gold around 1700+ still appear to viable short to near-term targets. The play here, however, appears to be Copper, so we’re positioned accordingly for VRtrader Platinum subscribers. Insofar as gold and silver are concerned, the tops made in silver last April/May and in gold August/September are still very well be significant barriers, suggesting it could take many months or more before the bull reasserts himself and we breakthrough to new highs. Regardless, I would continue to dollar-cost-average the physical metals and keep them in a secret place. Desperate governments do desperate things including dramatically devaluing currencies or confiscating valuables or making it unpatriotic not to do so. But, just as importantly, the game is fixed. I presented the www.gata.org story to you a couple of days ago clearly documenting that rallies in the Asian markets (which are the true cash markets) are ‘smacked down’ when the phoney paper market and the London AM and PM fixes take over. Just as Ron Paul correctly calls for the abolishment of the Federal Reserve we also need to abolish the phoney markets such as the CME/COMEX and even ETFs that cannot fully document and back the physical assets they claim to hold. My futures broker friends don’t want to hear this. If there is a cancer, more than like you have just cut it out!
Quarterly Earnings Released After The Close Yesterday
(As of 5:20 PM last night)
Huge responses in both directions!
On the plus side
On the negative side
Interesting Charts
North American equity markets are not the only markets reaching new highs
Tech Talk’s Weekly Commodity Column
(Published yesterday at www.globeandmail.com)
Following is the link:
Headline reads, “Copper’s prospects this year look promising”.
Following is full text:
Investing in Copper
Copper has a seasonal “sweet spot” from mid-December to the beginning of May. What are prospects this year?
Copper on average during the past 20 years have gained 11.0 percent per period from the middle of December to the first week in May. The trade has been profitable in 13 of the past 16 periods. The reason for strength is greater seasonal demand during the traditional construction, home building and auto buying season each spring. In recent years, growing demand by China has become an important factor. Demand traditionally slows in the summer when many refiners, particularly in Europe shut down operations for the summer holiday period.
What about this year? Prospects for the current period of seasonal strength are above average:
· Copper inventories are declining. Copper inventories in London have dropped 110,000 to approximately 355,000 metric tonnes during the past three months and have increased only about 2,000 to 90,000 metric tonnes in the COMEX market in New York.
· Supply has been limited in recent months by labour strikes, most notably at Freeport McMoran Copper and Gold’s Grasberg mine, the third largest copper mine in the world. A settlement at Grasberg recently was reached after a three month strike and workers are scheduled to return at the end of this week.
· No major new mines are scheduled to come into production in 2012.
· Demand in China is expected to increase significantly in 2012 as economic growth stabilizes near an 8.7% annual rate. China recently has taken monetary steps to stimulate its economy. China imported a record 508,942 tons of copper in December, up 13 percent from the previous month and up an impressive 48 percent from 2010. Despite the imports, inventories in Shanghai increased only 60,000 to 120,000 metric tonnes. China reportedly accounts for 40 percent of world consumption of the metal.
· Demand in other countries is mixed in 2012. Demand is expected to decline in Europe, but is expected to improve in North America and Far East markets, most notably in Japan as the country recovers from the tsunami. Gains in 2012 in North America are expected to in the 10%-15 percent range.
On the charts, copper currently at $3.76 has an improving technical profile. It bottomed on schedule in mid-December 2011 at $3.23 per lb. Short term momentum indicators recovered from oversold levels. Strength relative to the S&P 500 Index also turned positive in mid-December. Copper broke resistance at $3.75 per lb. yesterday on rumors of Chinese buying. Short term momentum indicators currently are overbought, but have yet to show signs of peaking.
Preferred strategy is to accumulate copper futures, Exchange Traded Notes and equities on weakness following release of lower year-over-year fourth quarter reports released by copper producers. The Exchange Traded Note (iPath DJ-UBS Copper: JJC $48.47) is actively traded in the New York. Actively traded copper producer equities include Freeport McMoran Copper and Gold (FCX $44.47), Inmet (IMN $65.83 Cdn.), Southern Copper (SCCO $35.51), Teck Resources (TCK.B $40.92 Cdn.) BHP Billiton (BHP $$78.32) and Hudbay Mining (HBM $11.00 Cdn.).
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Don Vialoux is the author of free daily reports on equity markets, sectors,
commodities and Exchange Traded Funds. . Daily reports are
available at http://www.timingthemarket.ca/. He is also a research analyst for
Horizons Investment Management Inc. All of the views expressed herein are his
personal views although they may be reflected in positions or transactions
in the various client portfolios managed by Horizons Investment Management.
Updates on Sectors and Equities with Positive Seasonality
Selected sectors continue to move higher on a real as well as relative basis”
· Industrials
· Home Builders
· Canadian Forest Products
· Silver
· Platinum (Added last week)
Their retention is recommended until they show technical signs of rolling over.
Eric Wheatley’s Weekly Listed Options Column
Good morning,
This week, we’ll be looking at a relatively simple strategy that illustrates one of the more peculiar aspects of options.
We’ve already seen that the time value of an option erodes faster at the end of its life than at the beginning. The corollary to this is that near-dated options are relatively more expensive than far-dated options. If you are writing calls, you will make more by selling one-month options three consecutive times than if you were to sell a single three-month option, transaction fees notwithstanding.
The purest way to capture this relative imbalance would be to set up what is commonly known as a “calendar” or “horizontal” spread. To do this, you would need to buy a long-dated call and to sell short-dated calls with the same strike price against it. The long call position covers the short position much as a stock would, so there are no margin requirements and no excessive risk taken on.
To illustrate, let’s take the XIUs. You can purchase the March 2013 calls with a strike price of 18 for $1.95. Using this position as a base, you can then sell the one-month, February 2012 calls with the same strike price for $0.20. Given that short-term options are inherently more expensive, you can continue selling calls every month and, in a few months, you will have a profitable position.
…unless…
The horizontal spread assumes that volatility in the future will be higher than it is today. A problem comes up when the underlying’s price drops. If the XIUs were to go down to $15 before March of next year, you cannot sell calls with a strike price lower than that of your long call position. In this scenario, calls with a strike price of 18 would be pretty much worthless, so selling them wouldn’t bring in the much needed cash.
Of course, another problem with this strategy is that you must sell options every month; in order for you to surmount the transaction costs, you would need to sell a large number of contracts. The bid-ask spread is also an important consideration. Needless to say, you need to stick to very liquid options classes, which pretty much means transacting in US dollars, which then brings up currency risk.
All in all, while theoretically attractive, horizontal spreads can be difficult to trade profitably in the real world.
Go Pats! (Still giddy after last week).
Éric Wheatley, MBA
Options Analyst, J.C. Hood Investment Counsel Inc.
eric@jchood.com
*****************
Little known fact about John Charles Hood #13
The term “horizontal spread” was first coined by John Charles Hood. A few years later, he realised it could also be applied to options trading.
ETF News
(Source: www.etfdb.com )
5 Things To Watch Out For In International Equity ETFs
by Michael Johnston on January 18, 2012
As the ETF universe has expanded dramatically over the last several years, many investors have taken advantage of this asset class to tap into international equity markets. With single-country ETFs dedicated to dozens of developed and emerging markets, accessing the major (and not-so-major) stock markets around the globe has never been easier.
When evaluating international equity ETFs–as with all ETFs–it is important to take a look under the hood and fully understand what the portfolio includes. Below, we highlight a few relatively common characteristics of international stock ETFs that might be somewhat disconcerting to investors [for more ETF insights, sign up for the free ETFdb newsletter]:
1. Major Sector Biases
Many international equity ETFs feature some big tilts towards certain sectors of the economy, giving heavy weightings to certain types of companies while overlooking others altogether. That can result in concentrated risk for investors, especially when ETFs highlight sectors such as energy that can be impacted by often volatile commodity prices.
The iShares MSCI Taiwan Index Fund (EWT) has about half of its holdings in tech stocks, reflecting the tech-centric nature of the Taiwanese economy at present. But in most international equity ETFs, it is energy, financials, and materials that get the biggest allocations in the sector breakdown. The reason for that tilt is straightforward; banks, energy companies, and mining firms are often the largest companies in an economy, meaning that they receive the biggest weighting in cap-weighted benchmarks.
Consider some popular international equity ETFs with big tilts towards these corners of the market:
|
Ticker |
Name |
Energy % |
Financials % |
|
iShares FTSE China 25 Index Fund |
15.0% |
52.9% |
|
|
MSCI Malaysia Index Fund |
0.0% |
28.8% |
|
|
MSCI Canada Index Fund |
26.3% |
27.8% |
These big concentrations are not inherently a flaw in these products; it is important to keep in mind that in many cases they simply reflect the composition of the underlying economy [see Global Titans ETFdb Portfolio 
]. Canada is home to big banks and big oil firms. Many of the largest companies in China are financial institutions. But it is certainly worth noting when analyzing potential opportunities.
2. Single Stock Concentrations
Concentration in international equity ETFs is not only an issue from a sector perspective; many products targeting stock markets outside the U.S. have hefty weightings to a single company:
|
Ticker |
Name |
Top Holding |
|
MSCI All Peru Capped Index Fund |
Buenaventura Mining (18%) |
|
|
MSCI Brazil Index Fund |
PetroBras (18%) |
|
|
MSCI Spain Index Fund |
Telefonica (21%) |
|
|
MSCI Italy Index Fund |
Eni SpA (22%) |
|
|
MSCI Mexico Index Fund |
America Movil (24%) |
Again, this concentration isn’t necessarily a drawback; if the top holding performs well it can give a boost to the entire ETF. But the company-specific risks in the ETFs highlighted above is obviously significant; investors in these funds might not be getting the diversification they expect, and a slide in the stock price of a single company can end up weighing on the entire fund [try our Free ETF Stock Exposure Tool].
3. Overseas Exposure
In an increasingly interconnected global market, finding “pure play” exposure to an international market can be challenging. Many components of international stock ETFs generate their revenues and profits in a number of countries, in some cases relying primarily on international markets for the bulk of earnings [see ETFs To Round Out Your International Exposure]. Just as Coca-Cola relies heavily on markets outside the U.S., many of the components of international ETFs rely on demand from the States and other regions of the world to drive demand.
Take the iShares MSCI Spain Index Fund (EWP) as an example; this popular ETF has Telefonica (21%) and Banco Santander (18%) as the two largest holdings. Both of those companies count on Brazil for a big chunk of earnings and an even larger portion of growth. Spain is still a key market, but hardly the only driver of those two companies (and therefore the entire ETF).
EWP isn’t the only example of this phenomenon; most international equity ETFs have meaningful allocations to multi-national companies. Some have embraced small cap ETFs as a way to get “closer to the ground” in international markets; these funds are less likely to consist of the types of companies that maintain major international operations and more likely to rely heavily on domestic consumption [see Small Cap ETFdb Portfolio 
It’s important to note that this factor can work in both directions. During the past year, for example, investments in Japanese stocks have been aided by a strengthening yen while returns to Brazil ETFs have been partially eroded by a slumping real.
5. State Owned Companies
When the U.S. government took on ownership stakes in several large banks and a behemoth auto manufacturer a few years back, it was major news. But in many countries, big government stakes in companies is not the least bit out of the ordinary. Many international equity ETFs have big weightings afforded to companies that are partially state-owned, a distinction that is not immediately obvious from viewing a list of holdings. The presence of the government as a major shareholder can be a red flag to investors, since it introduces the possibility that the company will be operated in a way that is not in the best interests of its shareholders at all times.
The iShares FTSE China 25 Index Fund (FXI) consists almost entirely of companies in which the government has a major ownership stake, as do a number of other China ETFs. But it isn’t only emerging markets where the government has been known to maintain a significant ownership stake; this is fairly common in some European countries as well. For example, Eni SpA makes up about 22% of the iShares MSCI Italy ETF (EWI). The Italian government owns a 30% golden share in the company, which could be problematic if the cash crunch in Italy continues and the government becomes desperate to raise capital [see Three Long/Short Ideas For Euro Zone Debt Drama].
FP Trading Desk Headline
FP Trading Desk headline reads, “Dow Jones listed equities to hike dividends 12% in 2012” Following is a link to the report:
http://business.financialpost.com/2012/01/19/dow-jones-listed-equities-to-hike-dividends-12-in-2012/
Special Free Services available through www.equityclock.com
Equityclock.com is offering free access to a data base showing seasonal studies on individual stocks and sectors. The data base holds seasonality studies on over 1000 big and moderate cap securities and indices.
To login, simply go to http://www.equityclock.com/charts/
Also, please take advantage of Google ads and other ads available in the data base
Following is an example of EquityClock.com’s seasonality charts:
HANG SENG Index (^HSI) Seasonal Chart
Sector Tendencies During Presidential Election Years
See EquityClock.com’s full report through the following link:
http://www.equityclock.com/2012/01/19/sector-tendencies-during-presidential-election-years/
Disclaimer: Comments and opinions offered in this report at www.timingthemarket.ca are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed.
Don and Jon Vialoux are research analysts for Horizons Investment Management Inc. All of the views expressed herein are the personal views of the authors and are not necessarily the views of Horizons Investment Management Inc., although any of the recommendations found herein may be reflected in positions or transactions in the various client portfolios managed by Horizons Investment Management Inc
Horizons Seasonal Rotation ETF HAC January 19th 2012
Thackray’s 2012 Investor’s Guide
Thackray’s 2012 Investor’s Guide recently has been released. It can be ordered online from Amazon.ca or Amazon.com at http://www.amazon.ca/gp/product/0978220064/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=timthemar-20&linkCode=as2&camp=15121&creative=330641&creativeASIN=0978220064
It can also be ordered online from Brooke’s website: www.alphamountain.com (book is in stock).
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Discussions from the Tech Talk Forum:
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January 20th, 2012 at 9:44 am
Hi sw2009 and Ron/AB. Hi from sunny Arizona. I think that both of you follow ELR.to. Raymond James (who I like) initiated a BUY with an $0.80 target.
January 20th, 2012 at 9:49 am
Good morning all, I sold my hnu at $4.25 (picked it up yesterday at $4.18). I suppose this is the best one can expect from going long NG
I also just bought fm.to at $22.63 after reading the top of this page about copper and its prospects. I didn’t realize that copper inventory was down so much on LME.
January 20th, 2012 at 9:51 am
“Nomura says First Quantum remains its top pick for copper exposure as the company has attractive valuations and a significant net cash position, besides having the potential to nearly triple copper production by 2017.”
January 20th, 2012 at 9:52 am
Michael, lucky you! Enjoy the sunshine. It’s freezing cold in Vancouver and I see that more snow fell on the ground overnight. You timed your “escape” perfectly.
January 20th, 2012 at 9:54 am
tony, yes, FM would have been a perfect short yesterday morning at $25.. it’s at $22.63 now. Such a volatile stock!
January 20th, 2012 at 9:55 am
Hi Slava. It looks like BC will be hit again, but then so will much of central Canada/US. One would think that this would be good for natural gas prices…
January 20th, 2012 at 9:56 am
Hi Michael,
Thanks for the heads-up re ELR. I like Raymond James as well. Much appreciated.
January 20th, 2012 at 9:57 am
Hi Tawny:
Still holding HVU, didn’t get to post back yesterday. Hope it works out next week.
January 20th, 2012 at 10:04 am
Michael, good point, but I suppose there is just too much NG in storage and the supply continues to come to market.
January 20th, 2012 at 10:06 am
twany, kay,
just bought HVU.to @ $13.15
January 20th, 2012 at 10:10 am
Kay
So, you are going to hold on to HVU? Pretty scary – as low as 12.80 this morning. Seems to be a real struggle as to whether the SPX will break out now that it has the golden cross… I still hold a little SSO as an inadequate hedge (now losing a little on). I don’t usually hold on to a losing decision as long a s I have this one.
January 20th, 2012 at 10:11 am
Slava,
You may be a bit early for copper.
Chinese New Year starts Jan.23 and goes for 15 days & usualy causes copper to go down during that period.
January 20th, 2012 at 10:11 am
nick
HVU buy – that is encouraging…. you see some negativity in markets today?
Maybe I should buy some more HVU for another account?
January 20th, 2012 at 10:13 am
COG continues dropping – As does everything else I own like AMZN T.TO and my little mexican silver mine that is on a permanent siesta
January 20th, 2012 at 10:14 am
twany,
just took a nibble. s&p is rolling over on the 5 min. chart. may get out befor the end of the day.
January 20th, 2012 at 10:15 am
twany,
I’m looking at the 2 day, 5 min chart.
January 20th, 2012 at 10:18 am
CJ, I know how you feel.. Hang in there! I just bought fm.to at $22.63 and it’s already down to $22.30
January 20th, 2012 at 10:19 am
Tawny,
I bought a little HVU this am as well but I bought it to hedge some long positions I am trying to build up. Sounds as though you initially bought HVU and are hedging with long positions. In the end it is the same. Anyway, if you are truely hedged, you won’t be too exposed to the market direction and can hold HVU over the weekend.
January 20th, 2012 at 10:23 am
tony, is CP stock starting to break down a bit? It’s starting to look promising for my short position.
January 20th, 2012 at 10:27 am
Ron/AB
Unfortunately I am not nearly hedged enough… taking a beating on HVU. I only have 400 shares of SSO… not enough to offset. Do not think I should buy more here while it is sitting on the edge of a precipice. Any other suggestions for a hedge?
January 20th, 2012 at 10:28 am
Tony,
Hope you are not ill? You were not feeling so well yesterday.
January 20th, 2012 at 10:39 am
Hi Paul-R and Eve. If copper goes down during Chinese New Year, does gold generally go down as well (since I would assume they wouldn’t be buying during the holiday)?
January 20th, 2012 at 10:43 am
Tech Talk,
Thank you for the nice blue arrows on the seasonality updates.
Also thank you to Equity Clock for their added description of action on their daily charts.
Ana
January 20th, 2012 at 10:46 am
Eve
NTR – as I said last night: haven’t seen you so I hope you are okay? Please just let us know.
January 20th, 2012 at 10:47 am
Tawny,
It depends whether your bias is bullish or bearish. If your hedged and your bias is bullish, everytime HVU is up, it provides a buying opp (just a nibble) in the stocks that you’re long. If your bias is bearish, then everytime HVU is down it provides an opportunity to sell a bit of your long positions. If you own HVU but not as a hedge, then I would just be daytrading it.
The market is overbought as you say and could tumble here but it will probably be a buying opp in certain sectors that Don and Brooke have talked about.
January 20th, 2012 at 10:55 am
Michael
I have no idea you may want Lin to comment on this for you.
January 20th, 2012 at 10:58 am
Hmm..what is going on with FirstQuantum today? It’s at -8% on no news.. other than copper is down very slightly.
January 20th, 2012 at 11:04 am
Hi Tony,
Hope you are doing well!
I would like to get your help for the chart setting of tga/un.to(TransGlobe Apartment REIT) with sma4/9/18/38/50/100/150/200 and other key indicators. So that I can save the chart at my end. What is the entrance price to buy this stock from your TA analysis?
your help is very much appreciated!
Thanks
Jeanne
January 20th, 2012 at 11:07 am
Sorry about not answering earlier just took a nice hot bath,
still congested but starting to feel a liiiiiittle bit better.
January 20th, 2012 at 11:10 am
Slava
if you recall I said a few days ago, that option on Fm hit 25 and 21, so I gave u this trading range buy at 21 or short at 25 so we are simply going down from here to 21.
January 20th, 2012 at 11:11 am
Slava
TT comments on copper said: “Preferred strategy is to accumulate copper futures, Exchange Traded Notes and equities on weakness following release of lower year-over-year fourth quarter reports released by copper producers.”
Hopefully you did not take a full position.” Accumulate on weakness after 4th Q release.
January 20th, 2012 at 11:12 am
Hi all. Here’s an article on uranium stocks:
http://seekingalpha.com/article/320232-top-uranium-mining-buys-and-sells-by-the-world-s-largest-fund-managers?source=email_investing_ideas&ifp=0
January 20th, 2012 at 11:13 am
Slava,
look at the bomber I told you after earning and when you bought it that it would reach 3.50 to 3 $ option puts, and a few weeks ago I gave it a 4.50 target by june or july,
and what happened did just that.
so predictable the canadian stock market.
January 20th, 2012 at 11:15 am
So CP’s board announced today that it’s impossible to lower the operating ratio to the level expected by Ackman. Also, the current CEO has full support of the board.. so to me it sounds like there won’t be any changes at CP. Unless Ackman has another trick up his sleeve I’d expect the share price to come down. Would you agree?
January 20th, 2012 at 11:16 am
Ron/AB
RE #25: thanks very much for the way you use HVU… I had meant to day trade it only but some how got stuck and then I made it worse.
One of my problems is bad memory… it is worse as I am maturing like a nice ripe red wine 
but I never did have a very good memory 
Mind telling me what sectors you are looking to buy? BTW, wasn’t it you who talked about OTC? Did you buy?
January 20th, 2012 at 11:19 am
tony, if you were in my shoes, what would you do about my lulu short position? Should I cover all and stay away from the stock, should I cover in Investorline (because I have to) and reshort at the same price at Itrade. Pehaps 1/2 of the position… I was reading somewhere that the “big boys” are holding the stock in this low $60 range until the end of this week because of options expiration. The stock is consolidating and may jump to the upside next week? I suppose anything is possible. I’m having troubles with this one.
January 20th, 2012 at 11:20 am
Tony – NTR
Glad to see that you are hanging in there. If you are suffering from sinus congestion, Sinus Buster which is a “natural” spray works very well. Google it – great reviews.. the only place I found to buy it is from Well.ca which is terrific to order health products, delivered to your door at no charge. just a suggestion for congestion. (couldn’t resist that little ditty):)
January 20th, 2012 at 11:20 am
Tony – Good morning and glad you are feeling some better!
“so predictable the canadian stock market”
Please predict will T.TO ever turn around???
I am supposed to go to afternoon tea with the family this afternoon – Will COG or AMZN make any sudden moves upward – is it safe to take the afternoon off?
January 20th, 2012 at 11:22 am
Tony
HVU : can I have an update on your thoughts? After market close you seemed quite positive on it.
January 20th, 2012 at 11:27 am
Hi Tony, can you give me some TA on Goog now, im looking at it with the 4/9/18 but just need some help. Thanks. Looks like next support is at 563?
January 20th, 2012 at 11:27 am
Last Saturday Don V. was on Michael Campbells Money Talks radio show and recommended staying out of the markets until the first week of February due to increased volitility. With the nice gains this week, has anyone heard if he is still sticking to this advice?
January 20th, 2012 at 11:29 am
OK this is funny…
in less than 30 seconds I get 2 phone calls from the same woman, with her sensual voice going hello beautiful and from hearing it aint no spring chicken and my reaction what the F do you want usually it have been something like hello baby what you doin tonight,
January 20th, 2012 at 11:29 am
Poor Tony – so many request, so little time, and not feeling well
January 20th, 2012 at 11:31 am
JP/BC
#41. I haven’t heard anything, BUT some volatility would be very nice to e right now since I own too much HVU .
LOL
January 20th, 2012 at 11:36 am
Slava,
lulu: looking at options on us side everything is red, no matter the month or if its a call or a put, last time I Saw this happen the week after you basically saw the stock drop.
So its like if they are undecided where to go with it, so If you want to short I would but I would have a stop loss probably at 63 or 64.. just in case monday they decide its time to move higher
now on the charts, W%R crossed below 50 and MACD its been indicating a downturn for the last 6-7 sessions.
So I wouldn’t be to worried about lulu going higher.
January 20th, 2012 at 11:37 am
copper weak manufacturing demand coming out of china, just read it on cnbc during kaminsky analysis.
January 20th, 2012 at 11:43 am
Slava
This might make your day?
http://www.bloomberg.com/news/2012-01-20/kinross-in-play-after-paying-too-much-in-african-gold-real-m-a.html
January 20th, 2012 at 11:48 am
lets go to next caller,
Tawny
I bought HVU yesterday, SNP is moving lower the daq is moving lowr we only had to dow that was pushing higher but I think it just found its match, so we should be seeing it drop, the intraday charts just made a 4/9 baby bear cross
So I’m expecting volatility to increase shortly.
benefiting tvix, vxx hvu and so on, yesterday on fast money I think, they were talking about the vix and when it crosses below 19 its time for stocks to move lower.
January 20th, 2012 at 11:50 am
For Tawny, Michael, and JP/BC,
Hi Tawny,
I’m ok – thank you for worrying about me – you’re so sweet
Hi Michael,
Yes, normally gold is down DURING the Chinese New Year week (the weeks leading UP to the New Year week, gold is usually up as the Chinese are buying gold to give as little gifts during their week off). So, next week, if it goes as per usual, gold should be down. Then, during the week after that, gold should be up (copper too – down next week and up the week after – due to Chinese New Year as I wrote on Wednesday).
Hi JP/BC,
The reason why Don V. said to stay out of the markets until the first week of february was because “normally”, the last half of January is NEGATIVE – with high volatility. This year though, the 3rd week has been up (as we all know) – except for today that is. So, next week, we should see a pullback in the markets that starts on Monday as the Monday after options expiration Friday is normally a negative day for the markets – so, this negativity should start the pullback for the markets – BUT, it will most likely be a shallow pullback – like just to the 200 day MA on the SPX (around 1260). Then, the week afterwards, it should be up again – next week though will probably not be a negative week all week – it will be up and down until the SPX does enough of a pullback – down Monday, up Tuesday, and then sideways up and down from wed to Fri is my guess for Wed to Fri.
Eve
January 20th, 2012 at 11:55 am
Eve
So glad to see you on board. Yes, I am a worrier! Many years ago, a boyfriend I was dating said he should hire me to do his worrying for him because I am so good at it. LOL Really happy you are okay. Thanks for your overview on the markiet…. I appreciate it and I’m sure everyone does. I’m sure Tony, who is not all that well either, will be glad to see you answering some questions here.
January 20th, 2012 at 11:57 am
Jeanne,
tga I would not touch it for the time being its a relatively new company so it doesn’t have a long history.
usually I use W%R 7 this one I needed a 14 to get a clear picture,
this being I would wait for W%R to cross and hold above the 50
MACD i needed a 9,18,6 gave me good indication.
this said I don’t recommend buying it now.
January 20th, 2012 at 11:58 am
stupid me
Jeanne, they probably paid a dividend so this is why it dropped.
January 20th, 2012 at 11:58 am
Tawny,
Yes I did buy OTC at 49.57.
Other sectors I like are silver and platinum which are related. Oil/energy stocks. Copper stocks. Some special case technology services and special case industrial services. I don’t yet own all of these sectors, am building positions slowly. Having said that I think the market is more likely to pullback at this time, that is why I’m hedging now and looking for lower prices to add.
January 20th, 2012 at 12:02 pm
Hi Slava,
Did you see the manipulation on LULU today??? I hope you were able to cover it when it went to $59.23 about 15 mins ago – then popped up to over $60 again. I told you earlier in the week that it looked like the price was being pinned to $60 for options expiration today. So, “they” couldn’t let it drop to $59 like that as it did today
such manipulation!! BUT, at least today’s price action shows there are sellers that are looking to take LULU down in price.
Re FM:
I wrote on Wednesday that copper usually drops during the Chinese New year week – and that FM is a PURE copper play and will do whatever copper does! I also wrote that copper was overbought and at the top of the keltner 3.0 – same thing for FM and for TCK.B too! So, ALL copper stocks should be dropping next week (today included it seems) along with the price of copper. FM also gave a sell signal today on stochastics when it dropped below the 80 overbought line. So, not sure why you’d buy it today when it and copper were so overbought – and given what I wrote this week about copper and FM in particular (wrote about copper and FM specifically for you as you had asked about it that day on the board).
Eve
January 20th, 2012 at 12:06 pm
Hi Slava,
Re: #2 “I also just bought fm.to at $22.63 after reading the top of this page about copper and its prospect”
When I read posts here, I try to understand the person’s trading strategy. I’m having trouble understanding your reasoning behind buying FM today. Yes, the price is down significantly, but if you’re using TA, you see that the 4MA is pointing down, as are RSI, MACD, STO, CCI. Plus with Chinese demand weak during their New Year season, the price could drop more over the course of next week. Isn’t it early to go long on this?
Maria
January 20th, 2012 at 12:07 pm
Ron/AB
#53
Thanks Ron. Re OTC, after mentioning it to you, I looked it up on equity Clock
http://charts.equityclock.com/open-text-corporation-tseotc-seasonal-chart
it would seem to peak out end of month, so I wonder if this is a good time to get in to it. Buy date Oct 25 to Feb. 19. May be good run, after a pull back, I guess.
Yes, Oil/energy, copper are to look forward to.
I am holding HZU and now that it is getting some mo-mo, I think I will buy more.
January 20th, 2012 at 12:07 pm
Michael,
Thanks for the article on Uranium. Another stock very similar to DML.to is PDN.to. It never seems to get covered very much but i have read that it is one of the most likey takeover candidates.
January 20th, 2012 at 12:07 pm
Hi CJ,
re COG:
it looks like it is being sent to the options’ expiration price of $60 today – all week, it has looked like it would be pinned to $67.50 for options expiration today – but I’m guessing with the large drop in nat gas price from yesterday, it was “decided” by the options guys, that COG should “instead” be taken down to the $60 price rather than keeping it at the $67.50 price. It should go up in february as nat gas usually goes up in Feb. – so, IF it plays out THIS year too, then both nat gas and COG will go up in Feb. For your sake CJ, i truly hope it does!
Eve
January 20th, 2012 at 12:07 pm
Oops, I see Eve beat me to it. Good to see you posting, Eve!
January 20th, 2012 at 12:09 pm
Eve or tony or ?
Would silver price pull back with market contraction?
January 20th, 2012 at 12:11 pm
For everyone – an Equity Clock stock to consider – it would be nice if more people could share
http://charts.equityclock.com/halliburton-company-nysehal-seasonal-chart
And what stock do you have on your horizon?
January 20th, 2012 at 12:11 pm
Tony,
NTR: I find a good way to relieve sinuses (and to protect against recurrences) is to use a neti bowl – looks a bit like your genie’s lamp
Fill with some warm (not hot!) water and a little bit of sea salt and allow water to drain through nostrils. Feels strange, but soothing. Salt draws out impurities.
Hope you’re feeling better!
Maria
January 20th, 2012 at 12:14 pm
Maria – NTR re #62
I use a neti pot as well, with a little salt and baking soda. Like a swim in the ocean, relieves congestion.
January 20th, 2012 at 12:23 pm
Tawny,
NTR
Yes, baking soda is SODIUM bicarbonate after all. Do you add the baking soda for a specific reason/effect that adding sea salt alone doesn’t give you?
Maria
January 20th, 2012 at 12:26 pm
CJ
so predictable the canadian stock market, when you get a company that rarely makes the top 10, on the options they basically tell you this is a buy or a sell, depending on the activity.
for the time being, T.TO from the options pits everytime you see it hit 58$ sell it and come back to the 100MA to buy it up.
this until the month of may.
AMZN not good news on this one, options they are simply buying month after month puts (insurance policy) they are going for Jan 190 is where they think it could breakdown, for feb they are protectng up to 140 but I think 150 should hold.april 135
COG same as amzn, options buying puts, jan 60, feb 57.5, the 55 has lots of interest but small volume and april there is to many holes for the month
chart no clear indication it will turn on a daily basis or on a intraday chart.
January 20th, 2012 at 12:31 pm
Maria – re #64
NTR: The B.soda softens the harshness of the salt sting…. read this and it works.
January 20th, 2012 at 12:34 pm
Eve #58 – Thank you! Good to see you on and hope you are well on the mend!
I’m a hanger-on’er !!! Riding it out….
It has been quite a ride with COG – a few days ago it got so close to my “breakeven” point, I was tempted to sell at small loss. Should have done so and bought in again at these lower prices
Your take on T.TO and AMZN would be appreciated, provided you have the time & energy.
Thanks Eve.
January 20th, 2012 at 12:35 pm
tony
Hi again. Re HVU, are you confident enough here to buy more? It is now down to $12.81 agian. If I bought more here I will have a better chance of making mony back + profit. ???????
January 20th, 2012 at 12:36 pm
Thanks Tawny
I like that you worry – so, I’m ok with that 
tony,
I hope you don’t have what I have – and STILL have!! (although to a lesser extent than before). I hope you’ll feel better soon tony. Eat well and drink lots
and lots of good hot baths are a great idea too! 
eve
January 20th, 2012 at 12:37 pm
Rachel
you asked me google yesterday and not know exactly what to do on the options front, I gave you buy some puts and sell the calls, was a great trade, picked up money on the upside to buy the downside know if you had to sell those puts I would sell them off when google hits 515 in feb.
So i’m expecting price on google to move lower in the 515 area,
January 20th, 2012 at 12:43 pm
Tony #65
“for the time being, T.TO from the options pits everytime you see it hit 58$ sell it and come back to the 100MA to buy it up.
this until the month of may”
I bought it at 57.67 at beginning of month – never approached $58 and has not been that high on a 3 year chart – so I don’t understand this statement at all ????
January 20th, 2012 at 12:46 pm
Eve or Tony
Holy Cr- -! The HVU has hit 12.64!! Ouch!
Buy more, hold, sell???
January 20th, 2012 at 12:50 pm
Tawny- I am holding my HVU and praying for bad news over the weekend. Markets are so over bought they may come down. I am down quite a bit at this point but believe the markets need a correction. Whether you sell or hold can only be your choice.
January 20th, 2012 at 1:00 pm
Thanks Tony, you are always so helpful
January 20th, 2012 at 1:00 pm
Hurk re #73
Thanks for the response… always good to know oneis not alone. Yes I am down quite a bit too. On the 5 min chart HVU is showing oversold on the RSI and William. I am now thinking that if there is so little fear out there, it is time for a wake up call. I am going to buy more. If I were the type to Pray, I wouold too. LOL
January 20th, 2012 at 1:03 pm
dr j
here is his outlook on the vix, he thinksbecause its moving lower probably good news for greece.
January 20th, 2012 at 1:04 pm
tony
Re #75, who is dr j ? Please. ARe you going to hold or sell HVU?
January 20th, 2012 at 1:06 pm
rachel
did you trade it or stayed on sidelines.
January 20th, 2012 at 1:07 pm
tawny dr j is jon najarian a fast money commentator on cnbc
January 20th, 2012 at 1:14 pm
Tony,
Thanks for that… now I know. So, what do YOU think?
Eve is most often right about her take on the markets, but nobody is right all the time and markets can be so preverse!
January 20th, 2012 at 1:19 pm
Tawny, Kay, Hurk, tony, Ron/AB, and anyone else who holds HVU or is thinking of buying it:
There’s no fear right now in the market – so we could get a pullback next week (and most likely will) but if it’s an “orderly” decline (like today), then people will not be worried there is something worse to come – this means, the VIX won’t spike up and that means HVU wouldn’t do any large spike ups either (unfortunately). HVU only does really big moves when the decline in the markets is a large enough one that has people worried and fearful that something more awful from the world is about to come (and affect the markets) – that’s when you’ll see the VIX and things like HVU have huge spike ups. So, if the decline next week is shallow and orderly, then HVU won’t do any big moves higher (unfortunately). In May, HVU and others like it, would be a better buy at that time.
So, just pray then for really bad and worrisome news next week so that the markets can have a bigger pullback than people are expecting (currently) – sorry guys
Eve
January 20th, 2012 at 1:23 pm
Eve
I have been buying more at this new overbought level. Probably I should be buying the SPXU instead! Oh, well… at least I have averaged my cost down somewhat.
January 20th, 2012 at 1:24 pm
gone for the day – and maybe the rest of the month – very depressing watching the red spread!
January 20th, 2012 at 1:28 pm
Tawny,
That would be a great title for a book, “Eat, Love, Pray, Trade!” I could add a chapter or two.
Just bought some HVU!
Ana
January 20th, 2012 at 1:34 pm
Eve,
Thanks for your take on HVU. I still think a hedging strategy at this point makes sense if one was long stocks but probably an inverse index ETF would have been better (spxu and hsd.to are both up a bit).
January 20th, 2012 at 1:36 pm
Ana
I am way too heavily invested in the HVU. I don’t pray=, but I can wish and hope. Wishing for bad news though is not nice for everyone who is long.
Thanks for the out loud chuckling! Needed that.
Sold my SSO at $50.68.
January 20th, 2012 at 1:38 pm
Hi Ron/AB,
Yes a hedging strategy is fine – but I’m just referring specifically to the ETF’s that trade around the VIX – and if there’s no fear in the market when the market is declining, then HVU will not do any large spikes up. The bear ETF’s like SPXU and TZA and FAZ and SDOW and SDS etc. would be better in times of “orderly” pullbacks. when there’s fear out there AND a decline in the markets is taking place, then HVU and VXX and TVIX etc are the better ones to hold as they will have the greater moves in price.
Eve
January 20th, 2012 at 1:41 pm
Tawny
I don’t know what to say on hvu… only thng I knw is I have a 7% trailing stop. if I see Vix cross below 18.34 I<m out.
January 20th, 2012 at 1:47 pm
Hi Eve,
Agreed. HVU was probably the wrong product to use as a hedge.
January 20th, 2012 at 1:52 pm
Eve, Tony, Ron/AB
Yes, I think Eve is right about this. I got into HVU when it was starting to show strength, but that changed… why? What has really changed in so far as Europe is concerned. Not much really, but I guess the market has either factored the crisis in or is simply shoulder shrugging.
I have no choice but to see what happens next week or take a big loss.
Any view on whether silver will go south if the other markets do?
January 20th, 2012 at 1:56 pm
Re Silver – I sold at a nice profit…. needed to cover my new and, hopefully not too stupid, purchase of more HVU.
January 20th, 2012 at 1:57 pm
Tawny,
Of course, I have never traded HVU, so my error for doing so. I traded and posted without reading Eve’s #81.
I have been watching it for quite some time with envy when it takes off like a sprinter from the blocks!
I was getting bored with the oil trade. Bad reason for switching.
Here, we go MACD just crossed on the 5 minute chart, however looking a bit weak.
Ana
January 20th, 2012 at 1:58 pm
Eve and Maria, my reasoning was that FM tends to bounce back during the day if it’s oversold compared with the previous day. Yesterday’s high was $25, today’s high was $23.56 so when I bought at $22.63 I thought it was a good price since it had a meaningful pullback from yesterday while copper was down only $0.03 or so at the time. It was meant to be a daytrade to catch a small bounce up.. so 2,000 shares at $22.63 – not looking like a genius buy now that the stock is at $22.11.
January 20th, 2012 at 2:03 pm
tawny wrong move on slv,
usually the right move is to cut your losses, and keep your winners
January 20th, 2012 at 2:03 pm
Slava,
re FM:
Oh just as a day trade – ok, I getcha now! It was a good idea then – just too soon on the day for executing the plan (ie. for buying it). It has popped up from its low of today, so that’s why I say it was a good plan for just a day trade
Maybe you’ll be able to sell it next week sometime – like maybe on turnaround Tuesday?? Good news though is that it shouldn’t go any lower than $18 as there is strong support there.
Eve
January 20th, 2012 at 2:06 pm
slava,
now got the really story on cp, they want to make change of ceo and replace him with cn ex ceo.
imho not sure he will take position otherwise he could consider taking chairman of the board, unless they offer him a great deal of money then I would also thinking of taking top position of CP.
January 20th, 2012 at 2:07 pm
Eve, re “Good news though is that it shouldn’t go any lower than $18 as there is strong support there.”.. if this is in any way a short-term possibility I should be taking my loss now at $22.20..
January 20th, 2012 at 2:11 pm
Tawny
I m not going to hold hvu after today.
no matter if i get triggered or not.
January 20th, 2012 at 2:11 pm
Hi Slava,
I see. Day trading seems a difficult way to get enjoyment out of life. I hate sitting at my computer for hours on end. Doesn’t do my body, brain or social life much good! More power to those of you out there who manage to make money at it and somehow not sacrifice your quality of life.
Anyway, best of luck with your FM trade, Slava.
January 20th, 2012 at 2:15 pm
Good news (maybe) for HVU holders:
Some sort of meeting on Monday is going to be held about Greece and the bondholders – and apparently, Greece would like 100% of the bondholders to agree to the 50% + haircut on its debt BUT hedge funds that hold Greek debt are saying that they would LIKE to see Greece default (rather than agree to take the cut) because then their credit default swaps could get triggered. So, if Greece doesn’t get people to agree to taking the cut, then it could be a bad thing as it means that Greece might have to default. so, THAT could be a “fearful” event for the markets for next week as the important meeting is taking place on Monday – and Monday after options’ expiration is normally a down day anyway – so, bad news from Europe could exacerbate that decline
Eve
January 20th, 2012 at 2:19 pm
Hi CJ,
I am just sick FOR “you” over COG as it is now down close to $60.00. I feel so bad for you CJ
In Feb though, it should recover.
Eve
January 20th, 2012 at 2:28 pm
Hi Tony,
DEFINITELY NTR:
Are you familiar with Nonna Maria? A friend just introduced us – funny and troppo vero! Hope it gives you a laugh and helps you feel better.
http://www.youtube.com/watch?v=Y6GZukuQ5mM&feature=relmfu
January 20th, 2012 at 2:29 pm
#100 Eve
They say they will reach an agreement even if it has to be in the weeeee hours of the morning.
January 20th, 2012 at 2:31 pm
Sidelines, but now i am thinking PUTS
January 20th, 2012 at 2:31 pm
Eve, do you think the days of COG are over? From $90 to $60 in such a quick fashion.
January 20th, 2012 at 2:33 pm
Tawny: Just came back and saw this baby tanked. Are you still holding. Seriously thinking what to do, Tony has the right strategy sell loosers and keep winners. Hope for some turbulence next week but somehow I cannot feel it.
Eve: Nice seeing you back on the board. Thanks for the update, much appreciate.
January 20th, 2012 at 2:42 pm
Eve
you little rascal you kept sina for you I see, it hit 65 and its turning south,
January 20th, 2012 at 2:45 pm
Most definitely NRT:
To improve your mood if you a stuck in HVU, Al Green:
http://www.youtube.com/watch?v=Lus8OTnLo7w
January 20th, 2012 at 2:46 pm
thx maria
for nonna maria,
I have one nonna maria,
and my kids have 3 nonna maria,
January 20th, 2012 at 2:50 pm
Tawny
If HVU measures volatility then it will never reach 100 as there would be total chaos in the market and it will never reach 0 as that would mean there was no market, why are you worried. Right now the market is climbing the wall of worry and everyone thinks they are missing out on the bull hence the market goes up and there is no volatility or fear.
We know that will change…it always does…so it is not a case of ‘if’ you make a profit but ‘when’ you make a profit.
Print of the 1 year hvu and a 1 year $vix to compare….the vix tends to bottom around 15 and at the same time the hvu has gone to 9 something. Look where it can go too….why would you want to miss a profit that will definitely happen in time?
January 20th, 2012 at 2:52 pm
Tony, NTR -
Three Nonnas, let me guess – your mother, your mother-in-law and your wife??
January 20th, 2012 at 2:54 pm
The VIX right now is at 18.84 – historically, when it gets to 15 and under, THAT is when we get a big decline in the markets. So, a big decline is on the horizon.
Eve
January 20th, 2012 at 2:54 pm
Thank you kay – that is very sweet of you to say
Eve
January 20th, 2012 at 2:56 pm
Eve: Thanks for post 112 but by that time HVU will be about 10 or 11 so thats a huge decline from here. If you were holding it would you sell and buy again, thanks for your comments.
January 20th, 2012 at 2:56 pm
Maria
you hooo anybody home,
oh can my wife be a nonna to a 5 yr old?
If my grand ma is a nonna maria and my mom is a maria, and mother in law is a maria should that make 3 nonna maria?
January 20th, 2012 at 2:58 pm
Slava,
I can’t say what is going on with COG but it seems like “something” is. PEY.TO though too has declined by much more than the other gas stocks of ALA, ARX, TOU, etc. – PEY has had a similar ugly decline like COG has = PEY is close to the low it reached at the market low of Oct 4th – COG’s low on that day was $55 – so, it is close too! But I don’t know why the declines have been so severe as there is no news I can find that can explain it. So, I really don’t know whether it’s now a dead stock OR if it will shine once again going forward.
Eve
January 20th, 2012 at 2:59 pm
Tony, I meant acting like a Nonna, not necessarily being one
January 20th, 2012 at 3:00 pm
tony
Thanks for letting me know your move on HVU.
As for Silver – needed money to cover in that account. Plan to buy it in another account – maybe there will be a little pull back before I do.
January 20th, 2012 at 3:02 pm
Libby,
#110 – That the market WILL change is the hardest thing for people to remember when it’s either tanking or going parabolic, isn’t it? Good perspective.
January 20th, 2012 at 3:03 pm
tony,
I have been watching SINA EVERY day and had several opportunities to jump into it (at the $50 level several times) BUT I never did!
So, I’ve missed the run up in it too 
as I thought it was getting pinned today to $60 (it seemed this way up until just yesterday when it seemed to be looking to get pinned to $62.50 at that point – BUT with today’s price action, it seems that $65 was “the” price). So, i missed it! I should have bought it on Wednesday at $58 as I was looking to buy BUT I missed the low of $58.13 that day and saw it when it was at $59.50 – so, as I thought price was getting pinned to $60, I didn’t want to buy it at over $59 and I was hoping for a chance again at $58 – yet, it never came 
Eve
January 20th, 2012 at 3:04 pm
Thanks Eve and Tawny for your reply. Eve: I will watch the 1260 level on the S & P. I assume that anything close to that is a good entry point?
January 20th, 2012 at 3:04 pm
no just like a mom protecting her chicks.
January 20th, 2012 at 3:04 pm
tony, should I be hopeful re CMG going down?
http://stockcharts.com/h-sc/ui?s=CMG&p=D&yr=0&mn=3&dy=0&id=p43556562596
January 20th, 2012 at 3:06 pm
Eve and Kay
You both see what I see. I am waiting to buy into hvu and will do so next week unless it ramps over the weekend. It is tempting to buy here but mondays have been positive days for a while so i’ll take my chance.
If I was in already, i would hold as if something does upset the market over the weekend and i sold , I would be very upset.
Although this is a volatile trade, from what i understand it is a certain profit for those that are prepared to hold with a small loss and am I right….there is no time decay as with etfs like tza? I cannot see how there can be as volatility can only be between 0 and 100 and will never reach those extremes….right?
January 20th, 2012 at 3:06 pm
Eve
to tell you the truth I ws betting on 55 on wednesday before the turnaround.
January 20th, 2012 at 3:09 pm
Re: HVU
From Elliot Wave perspective:
“The conclusion is that all markets, more or less, are now ready to go down again. Also, all this intervention and “kicking the can down the road” and so on does little for the markets. After three months of noise , the ECB lending through the exchange mechanism of nearly 3 trillion, the IMF going to 1 trillion, Greek bonds going to 70% haircuts but miraculously no default, the FED helping out (illegally) through central bank to central bank swap arrangements and the list is endless, the AEX is less than 1% higher than back in late October. The STOX did a little better, a bit more than 2%. This is true also for the S&P whose chart is similar as well.”
January 20th, 2012 at 3:10 pm
ok cnbc contributor, says what ever happens to greece italy won’t get it
January 20th, 2012 at 3:10 pm
EVe
Re #112.. If I hold on til the VIX hits 15, I would be really at a big loss.
Kay
I am still holding on to HVU and bought more around current levels… SO, I am way over invested in this – I do know better. I should not trade when I am as tired as I have been lately.
January 20th, 2012 at 3:13 pm
So Investorline gave me one more day to cover lulu short.. so on Monday by 11 a.m. I suppose I’ll keep the short position.
Also, I’m wondering if I should reduce my short position in CP or should I hang on to it unless next week?
Eve, does CP look to you like it will pullback? Thanks.
January 20th, 2012 at 3:13 pm
slava,
I think there is some more upside probably 370 and then we will have to see, they are buying the puts from 370 to 335 so this is the range you want to be in at not 357, wait till monday see if greek gave the bondholders a gift or if they received a gift.
January 20th, 2012 at 3:15 pm
Slava, Slava, Slava
running to Eve for CP knowing what I told you, I would almost wait next quarter and see if they miss their cut expenses,
January 20th, 2012 at 3:16 pm
Hi Lin:
I would like to say Kung Hei Fat Choy
to you and your family have good health 身體健康, good wealth 財源廣進,
and all your wishes come true 心想事成 for coming New Year!
January 20th, 2012 at 3:18 pm
Libby
Nice to see you back on the board. Unfortunately I got more deeply into HVU than I normally would have… bought too soon when it looked to be going up and didn’t pull the trigger fast enough. But, markets can be sop perverse – who knows there may be something to trigger fear again soon – like over the weekend, maybe? Hopefull?
January 20th, 2012 at 3:20 pm
Libby: Very kind of you, thanks for your comments.
Maria: Yes, I saw that on E-W this morning, but it may happen when we least expect. I am sorry to be negative because so many people are bullish on the board. Thanks for posting Maria.
January 20th, 2012 at 3:21 pm
Hi Eve,
Is it a good entry point for COG at this level. Thank you, Ania
January 20th, 2012 at 3:21 pm
Tawny
Have you figured out that I am your buddy from Kingston yet? When do you want to get together? I have recovered from my trip to BC.Off to Ottawa this weekend to celebrate my eldest’s birthday but back next week.
January 20th, 2012 at 3:21 pm
ok I cut my losses on hvu
January 20th, 2012 at 3:22 pm
Kay
Libby is asking whether HVU is like the other leveraged funds. i BELIEVE THERE IS also rebalancing in this one – you mentioned yesterday, I think that holding more than a day is not good. But, if one looks at a chart of HVU it is clear that when the timing is right a bundle can be made.
BTW, on BNN while having lunch a woman was talking about Euro and said she expects to see problems with Portugal
January 20th, 2012 at 3:22 pm
tony, thank you. I try to alternate asking questions – you, Eve, mick/inv, etc. Yes, you warned me about CP and I asked if you want to manage my money (for a fee, of course) and you declined
CMG is annoucing Q4 results on Feb. 1st, less than two weeks away. I hope I get a chance to cover by then with the least amount of loss. I’m not sure I’m brave enough to be short 200 shares going into the earnings announcement. It would be either very good for a short position or really ugly if they beat and increase guidance, etc.
January 20th, 2012 at 3:24 pm
Ania,
don’t play with a falling nife.
January 20th, 2012 at 3:24 pm
Hi Libby,
Yes, no time decay in HVU like with many other ETFs – but Mondays lately (in like the last 8 months or so) have been down days – the odd Monday has been up but most Mondays have been down. and the Monday AFTER options expiration Friday is normally a down day. That’s why I wrote in a post today saying Monday should be down and tuesday should be up – and wed to Fri will be mised.
Eve
January 20th, 2012 at 3:24 pm
tony, if I carry my current short position on CP into next quarter.. hmm. 800 shares (or $56k).. that’s a lot. With my bad luck Investorline would probably be calling me to cover at the worst possible price.
January 20th, 2012 at 3:25 pm
Libby
NTR (means – Not Trade Related, just to give heads up to reader)
Sure do know who you are. Let’s chat by e-mail or phone when you get back and set up a time.. that would be lovely!
January 20th, 2012 at 3:25 pm
Natural gas is up today – is this a trend reversal?
January 20th, 2012 at 3:26 pm
Hi Eve and Slava,
RE: FM
Are you referring to First Quantum Minerals in the TSX?
It’s nice to see you back Eve and trust you are feeling better.
Happy trading
January 20th, 2012 at 3:26 pm
After holding msft for a long time I sold it too early, now it seems to be taking off.
January 20th, 2012 at 3:27 pm
Tawny: I thinking there is rebalancing in HVU, I will call them on Monday and clarify.
January 20th, 2012 at 3:28 pm
Libby
Eve has an impecable memory – if only me too! She is excellent in market TA and what is what. I listen to her very well – unfortunately she isn’t sitting here all day long just watching and waiting to give advice… so, my screw ups are my own.
JUst kidding Eve! For sure, kidding.
January 20th, 2012 at 3:28 pm
Thanks Eve….I am more excited about hvu than i have been about any other ticker so your news re decay not happening is great. I am going to hang in until next week and start accumulating then and then just sit back and wait for the inevitable ramp…lol.
Yeas Tawny, let’s make a date.
January 20th, 2012 at 3:29 pm
Hi JP/BC,
I would wait to enter anything – yes, the SPX should find support at 1260 BUT if it doesn’t, then it will most likely head to 1225 where there’s another support point. 1248 is the keltner bottom right now – so, that would be a point to watch for too – as is the mid keltner which is currently 1281 – but 1281 from here can be done in just 1 day – so, not much of a decline if that was all it gets to. So more likely is 1260 and under. But I would wait to buy – wait til you see things turn around and going up again.
Eve
January 20th, 2012 at 3:30 pm
Thank you very much Tony, Ania
January 20th, 2012 at 3:31 pm
Tawny and Kay,
I don’t think HVU will get to below $10 IF the markets go down when the VIX gets to 15. HVU may get to $11 though if VIX goes to 15. In any event, Monday should be a down day, so you might be able to get rid of your purchase in it from today, on Monday.
Eve
January 20th, 2012 at 3:33 pm
tony,
re SINA:
you were thinking 55 for today?? Why? it kept going up to $60 for over a week now and when it sold off from $63 earlier this week, it went below $60 and then back up to $60.95 and then down again to $59.92 on closing – all the time, it was hanging around the $60 level – so, that’s why i thought $60 was “the” pinning price today – where’d you get $55 from?
eve
January 20th, 2012 at 3:35 pm
Hi Ania,
Stay out of COG for right now – wait til it turns itself around and then hop into it. Also, as of the first week of Feb., COG will be half the price as that is when its share split starts trading at the split price on the market. So, you can buy it then in the $30′s or lower.
Eve
January 20th, 2012 at 3:38 pm
Slava,
see LULU?? Right at $60!! It’s been keeping close to that $60 level since last week now. Today when it fell to $59.23, it was immediately “manipulated” bacxk up again to over $60 – to 60.25 area – and now back right at $60. Pinning is just so weird to see!! And starts over a week ahead of options expiration and that is so strange to see too each month!
Eve
January 20th, 2012 at 3:40 pm
Slava,
your a smart cookie, the only thing you need to do is have a strategy you know the funnies better than me, I can only see what I read of charts and potions
so if you would add these two to your arsenal your trading would be greatly improved,
look at how I called sina last week, look at fm this only by knowing where they are puttng their money.
CP the previous post I told you to wait and see what happens, in a previous I told you to sell because of the hype around CN ex-ceo.
basically you sell at a loss and wait till something happens i.e ex ceo refuses the job or any negative would make this one tumble.
January 20th, 2012 at 3:40 pm
Tawny,
re your post at 148:
awww, thanks tawny
so so sweet of you 
glad to help when I can. I make PLENTY of mistakes on my own too 
So, i do stupid things myself too in the markets 
eve
January 20th, 2012 at 3:42 pm
To all holder of HVT.TO, VXX or any VIX related ETF,
I read today’s comments in that regard. Note today’s being option expiry day, all those VIX related ETFs tend to loose a great deal of value on that day. This is what I noticed last December. It was incredible how it came down, but it normally bounces a lot the following Monday. It might however gap down, but it should rally on that day, moreover if it is a down day. Just an observation based on my previous experience. Hopefully, it will be useful to understand today’s market action for those ETFs and make a decision whether to hold or exit.
January 20th, 2012 at 3:43 pm
Hi Ania,
re your post at 145:
Yes, First quantum minerals on the TSX.
and thank you Ania
That is so nice of you to say 
Eve
January 20th, 2012 at 3:44 pm
Re: Hvu.to
Not sure why people are buying into this etf, it started at the beg of 2011, since that time it has only been positive once, from Aug to Oct, although one certainly could have made alot of money then, but over that time, the tsx dropped approx 2000 points (13000 – 11000). If what Eve says is correct, and an orderly drop occurs, I do not think that HVU.to will see those levels again.
January 20th, 2012 at 3:45 pm
I always like these charts and sharing here.
http://www.stocktiming.com/Friday-DailyMarketUpdate.htm
January 20th, 2012 at 3:47 pm
Kay,
#134 – You’re welcome, but why apologize for being bearish? No one seems to have a crystal ball that works consistently, if at all, and seeing cause for pause in the charts/world events is a valid position. Besides, if “so many people are bullish on the board,” that may be a useful sentiment indicator – and a good contrary marker.
January 20th, 2012 at 3:47 pm
Eve
No not today on wednesday I taught it was going to fall to 55 with the tumble it took, before heading higher.
Why? it kept going up to $60 for over a week now and when it sold off from $63 earlier this week,
I don’t know if it were the case but this whole week I think they were buying the calls so it had to move higher.
January 20th, 2012 at 3:56 pm
Hi Tony,
Sorry to hear your suffering from that pesky flu. I am almost over mine now except for the cough.
Anyways, should we be get a pullback Monday on CFP.TO due to the big run-off today? I just sold from my purchase last week with a nice profit since it is too far away form the 4ma. Would like to get back in due to seasonality.
I am also guilty of getting into HVU too soon and got a good spanking for it. Got to set those stops either mentally or phsically but I find it moves too fast sometimes to even get triggered on a sell on stop limit order with 2 prices locked in. maybe widen my stop?
Take it easy….
DS
January 20th, 2012 at 3:57 pm
LIbby & Tawny,
If you are both from Kingston, would you suggest a good place to eat brunch in your area? I am going to visit my son attending Queens over the weekend and, the last time, the place we tried was more than average. I am not a picky eater, but I like to eat well. If you could, that would be really great. Many thanks!
January 20th, 2012 at 4:00 pm
FM.to – what a stock! Can be a money maker if times properly. Today it had a $2 swing. Actually one could have shorted at the open, rode it down, covered and went long.. on 2,000 shares.. about $5,000 profit.. if only it was this easy.
January 20th, 2012 at 4:05 pm
Martine
Sure hope you are right about HVU and other VIX Etfs – was it only that one time in Decemnber that you noticed this to happen?
One of the best restaurants in Kingston is :
http://www.aquaterrabyclark.com/Menu_-77188.html
Although I have never had breakfast there (no reason to have breakfast in home town)
I will bet it is very good. The food is terrific for lunch and dinner and it is a nice location with a harbour view. Are you coming from Montreal? Do you want to meet to say hello?
January 20th, 2012 at 4:06 pm
Slava
if you had listened to my call you would be up by 10k not 5k,
January 20th, 2012 at 4:15 pm
News from Levente Maddy 9on BNN) (he’s a trader out of Vancouver):
He just said he’s going into the weekend “short the SPX” – as he feels monday will be a down day due to the Greece talks etc. – BUT, he says that over the next 2 months, he sees a BIG decline coming in the markets.
So, good news for HVU holders for sure as that kind of decline(DISorderly
) would cause the VIX to spike up and would then cause HVU to spike up too!
eve
January 20th, 2012 at 4:15 pm
Darcy
I remember commenting on it but have no recollection what I said on it.
can you recall
I think monday it will open around this level or higher, and selloff, if it does keep 50MA as your target, as this one has already 38/200 bull cross the 50 is about to cross it, and all except 200 have turned positive so I would recommend to buy this one but it might decide to use 2o0 MA as support before heading higher. so don’t expect it to move to much below to try and catch the 50MA.
January 20th, 2012 at 4:19 pm
Tawny, thank you for your heads up on the oil services sector (HAL). That lead me to take a look at several of the companys, SVB and OIH, the ETF as well as some of the Canadian companies. Unlike so many of the stocks I have been watching, they are not yet over-bought and I think they are ready for a breakout (I bought some SVB). The Canadian companies are not ready for a buy for a trend seeker like I am.
Here is a link to the OIH ETF. Interesting to note that SVB is by far the largest holding at over 19%, followed by HAL at about 9%.
http://vaneck.com/funds/OIH.aspx
January 20th, 2012 at 4:21 pm
Hi Martine and Tawny,
re options expiration from December – the reason the following Monday was down as much as it was that day was due to December being the expiration of quadruple witching – and after every “witching” options expiration Friday, the Monday afterwards is always down by quite a lot (it’s called “the Witches Hangover”)! On Normal options expiration Fridays (like today), the following Monday is down too – but just not as much as it is if it were a witching day today.
Eve
January 20th, 2012 at 4:22 pm
Eve
Re #169. Do you know if this guy is good enough to think he may be right? Sure hope so. I bought 1600 shres of SPXU just before the close… hope this guy and you too, are correct on a move lower Monday. A market decline may be coming some time soon, but don’t think I have the nerve to hold on and observe a huge loss until it happens. Would you? I can’t imagine holding until the HVU gets down to 10. Unthinkable for me. But, the day I sell it will likelyjump up the day after.
January 20th, 2012 at 4:25 pm
Hi Eve,
what’s a good entry point and TA for HBM.to and SCCO (for a seasonal trade).
My Best, Ania
January 20th, 2012 at 4:31 pm
Freedebuoy re 171
Glad my post reminded you about the Oil Services Sector. Thanks for the link to OIH.
BTW you meant SLB, not svb. I did a little comparison of the three:
http://www.theglobeandmail.com/globe-investor/markets/stocks/chart/?q=SLB-N
I will look to buy in once we see if there is a pull back next week. Thanks and enjoy the weekend. No trading. Must say I find this exhausting and want to get back to being able to swing trade or even holding.
January 20th, 2012 at 4:31 pm
Hi Tawny,
I’ve seen him often on BNN – and I think he’s reliable in things he says.
I understand re holding HVU down to $10 and being in a panic due to being in a loss position – that ALWAYS sucks!! The markets will go down soon – too much bullishness out there right now and the VIX is getting too low for the markets to continue going higher.
eve
January 20th, 2012 at 4:33 pm
Tony, Re SINA
Can you pls look at the 62.5 and 65 Call for Jan & Feb monthlys.
Looks to me that those were being sold today, as today’s volumes
exceeds open interest.
First – is this assumption correct.
Second – why would “they” do that, today?
I am short some put spreads.
January 20th, 2012 at 4:35 pm
#141
#158
RE: HVU rebalancing. Libby, Martine is right. There IS rebalancing/time decay issue with HVU. Right now it’s HUGE – the difference between first and second month futures is almost $2 – we’re in contango and it’s working against long-term hold strategy. Even if VIX stays flat for a week, you’re GUARANTEED TO LOSE money holding HVU due to contango/daily rebalancing. And it’s not small amount – don’t ask how I know!
Hope it helps and good luck to all HVU holders! 
January 20th, 2012 at 4:40 pm
Eve
Thanks so much for the encouragement!!!
I agree with your comments in 176. It was just recent that I was reading (wish I had kept the site on hand) that we are very close to a reading of too much bullish sentiment. Ah, I remember now. It was Mike Swanson report. I did take out a subscrip with the money back guarantee of 60? days.
And he said that when the time was right he would most likely focus on SH or SDS. I should have waited longer. I should have kept this article on my desk where I could see it. There is sooooo much information out there that it is over-whelming.
I am getting tired of this, but then it is Friday. Been a long week. As a retired person I should not be saying that.
January 20th, 2012 at 4:56 pm
Hi Anna/TO,
Not sure why you’re saying that re VIX and HVU.TO – all you need to do is look at both charts and you can easily see that HVU follows very closely with the VIX – this means that even if the VIX is rather “flat”, HVU does not just keep going down. Check out for Nov 2011 – VIX was rather flat for the month (a little up and down moves BUT mostly at the same level for that month) and yet HVU was flat to slightly UP that month! If you look at BOTH charts, they clearly follow each other – so, not sure where you think there’s a rebalancing going on with HVU OR why you’d think a person would lose HUGE. It isn’t a buy and hold strategy – it should only be used during times that are HIGHLY volatile – not during times of low volatility. But just look at both charts and you can see this too for yourself:
here’s the chart for the VIX:
http://stockcharts.com/h-sc/ui?s=$VIX&p=D&b=7&g=0&id=p17879806790
I’ll post the chart for HVU in a separate post.
Eve
January 20th, 2012 at 4:58 pm
Martine and Ana/To: Thanks for your input.
Tawny: As I suspected all Horizons products are GLC…Guarateed Loss Certificate I call them re catango, etc.post 178. You are very brave to pick up more shorts, will have to go to prayer room on Sunday and spend some time
Good luck.
Eve: Hope this analyst is right, I know sometime in the future the market will reverse, nothing has changed regarding debt around the world and housing/jobs in the US but like E-W wrote they are kicking the can down the road until….. Thanks again Eve or maybe Greece will default tonite and the announcement will come after 6:00 p.m.
January 20th, 2012 at 4:58 pm
Anna/TO,
here’s HVU:
http://stockcharts.com/h-sc/ui?s=HVU.TO&p=D&b=7&g=0&id=p66586026593
there is a slight difference between the 2 BUT it isn’t HUGE such that a person will lose a huge amount of money as you’re suggesting – so, not sure why you’re thinking that it is??
eve
January 20th, 2012 at 5:07 pm
PS Anna/TO,
I don’t think I explained myself properly – I’m not saying there’s NOT a rebalancing – what I’m saying is that it isn’t that great of an effect as to cause a person to lose A LOT of money as the VIX is going down. Yes, a person will lose ground in HVU as the VIX goes down – but that’s just the nature of how HVU works. So, it’s best to only buy HVU when the markets are going down BUT WITH greater volatility than an orderly decline would produce in the VIX – which is not that much of a move in its level. So, as I wrote in my post to you, it isn’t a buy and hold type of vehicle – ie., it shouldn’t be held as a hedge – it should only be used during volatile markets when the VIX gets to an unsustainably low level of 15 or less. The VIX right now is at 18.
Eve
January 20th, 2012 at 5:08 pm
Tawny, re “he says that over the next 2 months, he sees a BIG decline coming in the markets”.. I have a lot of short positions, perhaps I’m patient enough to stick to them all the way through the upcoming big decline.
January 20th, 2012 at 5:10 pm
Hi Kay,
Well, that time will most likely occur sometime around May – that’s why I wrote earlier saying that the better time to buy HVU would be in May – as that is usually the month where the declines in the markets are BIG and thus, the VIX tends to spike UP which would then cause HVU to spike up too!
Eve
January 20th, 2012 at 5:12 pm
Slava,
(post 184)
“I’M” the one who wrote that – not Tawny LOL.
eve
January 20th, 2012 at 5:17 pm
Tawny, here is a further link to a Globe site. Note there are 7 “Strong Buy” ratings within the U.S. O&G sector of 11 listed. I probably should have waited till next week too, but I tired of finding my favourites go into severly overbought conditions while I wait for the perfect scenario.
http://www.theglobeandmail.com/globe-investor/markets/stocks/competitors/?q=HAL-N
January 20th, 2012 at 5:17 pm
Eve: Re post 185 then I should exit on Monday because by May it will be decreased by 50%. What do you think. Thanks.
January 20th, 2012 at 5:24 pm
Hi Kay,
Oh HVU should NOT be “held” – it is only good for when there’s high volatility in the markets during declines – so, if the decline that comes is only say 40 points on the SPX and the VIX say moves up to 22 (from 18 right now), then HVU will move up too from this level BUT the move won’t be HUGE like it is when the VIX spikes up to over 30 on market declines. So, no, it should not be held into May UNLESS the markets are going to heading down from now until may – like below 1100 – which, I don’t see that happening “right now” (things could change though with Europe in the near term of course, if bad things come pout of Europe OR out of China too). So, yes, you should exit HVU after the markets do their pullback next week. If you can exit Monday for a profit, then I’d do it! But no, do not hold this thing for months on end – but ESPECIALLY NOT during LOW volatile times. It could be held last year from end of July through to October BUT that was because there was a lot of fear in the markets and that meant people were buying a lot of put protection – and this drives the VIX up – so, the VIX was kept at over 30 from July til October – and that’s why HVU was kept buoyed in that several month time period. You know what I’m saying then kay with how HVU works with the VIX and how volatility is NEEDED to be HIGH in order for HVU to have large gains??
Eve
January 20th, 2012 at 5:25 pm
Hey Eve, I’m at work and quickly scanning over posts (with a speed of light)..lol. It was you!
I hope your trading is going well. The last two weeks have been really bad for me, between kinross and lulu and cp and cmg and hnu.. the list goes on. I sold 1,500 FM near the close (almost at breakeven), don’t want to take too many chances for Monday in case copper stocks drop.
January 20th, 2012 at 5:27 pm
#182
Eve, the chart itself in this case does not tell the whole story (all I can see it’s a single chart – maybe I’m missing something). Please look up VIX/VXX correlation, VXX contango and VXX unit split – I’m using VXX etf as example instead of HVU since it’s more popular and it tracks the same index (VIX) – the only dif. it’s not double-leveraged. All those issues affect HVU as well – BIG time (double the leverage). HVU works great when there’s panic in the markets (as you’ve said), but as a hedge – not so much – unless you’re counting on some imminent event that would trigger the panic.
I’m not trying to pick a fight with you – just trying to get a point across to all the people that bought in HVU/VIX for various reasons without knowing the ins & outs. Once again – long term you are guaranteed to lose with this one, unless there is period of volatility. If VIX stays at $21.82 (today’s closing price) for the whole week your HVU shares are not going be worth what they are worth today – they will go down in value significantly – I’m willing to bet you on this one!
PS. Really appreciate your market comments – you’re a great asset to this board! 
January 20th, 2012 at 5:41 pm
Hi Anna/TO,
I’m not trying to pick a fight with you either LOL.
I know of the issues of contango with VXX (I suffered with holding it for 2 months in 2010 from Sept to Nov as I was expecting a large decline in the markets for Sept/ Oct that year – yet, it never came! I lost a lot by holding that thing – so, I know of its issues in that respect). The VIX today closed at 18.28 – that was the first chart I sent you – don’t know where you got the level of $21.82 for the VIX?? Plus, the VIX isn’t a “price” – it isn’t something a person can buy – it’s an “index” – so, there’s no dollar sign next to the level on the VIX – so in order to take advantage of buying it, a person must buy ETFs or ETNs like HVU or VXX or TVIX etc.
I sent you the chart for HVU in post 182 – and then I wrote you a PS in post 183 on how HVU is used (or SHOULD be used) by people. I wrote earlier today to Ron/AB about how it should not be used as a hedge in case people were expecting a market decline – that it should ONLY be used during very volatile times when a decline is “disorderly” and thus creates fear in people such that they’re buying a lot of puts. So, yes, I know this too! I wrote about this a couple of months ago too actually. But if timed correctly, it can be used as a day trade only during times of when the markets decline as there are a few cents or dollars here and there in a day that a person can pick up with HVU (moreso with TVIX though – with TVIX you get double the day return of HVU due to TVIX being double the value of the VIX).
So, check out both my charts in the 2 posts and you’ll see where I’m coming from. But don’t know where you’re getting the VIX today at being at 24?? as it closed today at 18.
eve
January 20th, 2012 at 5:42 pm
Eve: Thanks for your post, hope Tawny take note as well.
January 20th, 2012 at 5:43 pm
oh PS Anna/TO,
Sorry, forgot to say: thank you Anna for your kind words – I do appreciate them and am very glad that i can be of help to people on the board
So, thank you anna for saying 
eve
January 20th, 2012 at 5:46 pm
Rol lew,
looking at sina,
daily Jan they sold the 65$ calls and bought the 62.5 calls,
only problem is who would want to buy a 62.5 call on last day of trading. the only winner is the one who could sold both the 62.5 and 65 calls knowing monday we start trading the weeklies or the feb calls.
weekly they bought everything up to 70$
think if it retreats you will see 57.5, before heading higher.
feb they bought up to 85 calls.
this being said I think the only ones who will make money is the ones who sold the calls to the highest bidder and probably is buying the puts as they have depreciated.
January 20th, 2012 at 5:47 pm
Hi Kay,
I wrote about that earlier today about HVU and it should not be held as a hedge (wrote it to Ron/AB) – I think Tawny read my note on it – but yes, hopefully Tawny will read my note to you too on HVU.
Eve
January 20th, 2012 at 5:55 pm
eve
do you think you will assist the toronto option education workshop? its on march 3rd always good to have the most arsenal on your side to go to war.
January 20th, 2012 at 5:56 pm
#192
Hi Eve – the price I gave you (21.82) was closing price for Feb futures (since 1st and 2nd month futures are being used to calculate the price of this etf – Feb/Mar in this case). 18.28 was the closing CASH price for VIX – different “animal”. So, we’re both right
PS. HVU IS 2x leveraged to VIX (like TVIX); they’re pretty much the same with the difference of company, exchange & unit price, but %-wise same deal. Horizons also have a “straight-up” volatility etf – HUV – but very little volume/interest on that one.
January 20th, 2012 at 5:56 pm
Hi Slava,
I haven’t been trading lately due to being sick – but I did do one buy last Friday (got filled when I wasn’t looking – otherwise, I would have cancelled the buy as I realized i didn’t want the buy after all – tried to get rid of it that day and tried reducing my sell all the way down to only 4 cents above what I bought it at – it got to only 3 cents above what i bought it at by 4 pm EST – so, i had it going into this week – and I held it too long as I could have sold at a profit of $1800 YESTERDAY BUT sold YESTERDAY at a loss of $12,000 – IF I had held going into today, my loss would have been an additional $9,000 – so, I’m glad I sold it! I can make back that $12,000 easily enough, so i’m not worried about it – just annoyed at myself is all!! Had I traded SINA today, I could have easily made that $12k back – BUT, as I thought SINA was being pinned to $60 OR to $62.50 (as the options pain calculator was saying as of yesterday $62.50 – prior to yesterday, it was saying $60 – and ALL last week, it kept hovering around that $60 area) – so, I didn’t buy it today as I kept expecting it to go down to $62.50 – yet, it was being pinned to $65 – so, 3 times today, I could have bought at $64 and sold at $65 and made that $12k back – soooooooooooooo frustrating!!! as I didn’t know it was being pinned to $65. So, I’m in your boat too Slava with losses of late
eve
January 20th, 2012 at 6:14 pm
Hi Anna/TO,
Yes, I know of HUV – I told people on the board about HVU and sometimes people confused it with HUV – so, I had tyo correct them ASAP on that as I knew that HUV had no liquidity to speak of.
as for TVIX and HVU – oh my mistake – I thought HVU was 1x and I knew TVIX was 2x – thanks for clarifying that.
the VIX though is an “index” Anna I’m talking abpout – not a CASH instrument – it’s like the TXS or the SPX or the DOW – ALL are indexes – none can be bought for cash prices. The VIX is often talked about as the “index” – it is known as the “fear index”. The chart I sent to you is the value that is followed when people on CNBC or BNN or other sites online, are talking about when they refer to “the VIX” – so, that is what I go by too! If I went by what you’re going by, then that level of 21 would not be representative of the actual VIX index itself – the SPX FUTURES are a different animal AND different value than the INDEX of the SPX – same thing! and when people discuss the closing level of the SPX on BNN or on CNBC or any site online, they are referring to the closing value of the SPX – not of the futures closing price. It’s the same for the VIX. So, when the VIX is getting close to 15 (it’s 18 right now), it means there is too much complacency in the market and that a decline will be coming very soon. The VIX has traded as low as the single digits too – back in the bull market of the mid 2000′s. So, it can get to a single digit in times of just seemingly never ending uptrending markets. So, it is the VIX index I am referring to when I say it closed today at 18 – not referring to the futures contracts of the VIX.
Eve
January 20th, 2012 at 6:18 pm
Tony
Thx for #195 re SINA options.
I missed my chance to buy it at 50 two wks ago
& I will not chase it now.
January 20th, 2012 at 6:20 pm
tony,
you’re asking ME if “I” will “ASSIST” at the options workshop in Toronto?? ME assist?? tony, are you crazy guy?? LOL – I know VERY little of options to be able to offer ANY assistance in them at all!! So, no, i won’t be assisting anything regarding options – but thanks for the vote of confidence LOL – though VERY misplaced when it comes to options and ME
Maybe i should GO to the workshop though – who runs it please tony? and what site can I find info on it please?
thanks tony – and thanks for that good chuckle too
eve
January 20th, 2012 at 6:33 pm
#200
Eve, yes, yes and yes – but…. You’re talking about VIX (the index) and I’m trying to explain how the actual values for HVU ETF are being calculated – that’s where investors run into trouble with that one! Quite possibly I didn’t express myself properly, but if you type “VXX Calculations, VIX Futures and Time Decay” into search engine a website will come up (don’t want to post a link to a blog site here). That should explain what I’m on about!
That’s last I have to say regarding VIX/HVU. Have a great weekend Eve! 
January 20th, 2012 at 7:45 pm
Eve, thank you for sharing and I’m sorry for your financial loss. Even though you can make it back anytime, it still doesn’t feel that great to lose money. These markets are crazy! At one point yesterday I was short 2,500 FM at around $24.70.. so what do I do? Cover as quickly as possible and make a few hunder dollars. Now, had I just left this short alone (since I knew the probability of a pullback was quite high) and had I covered today near the lows or as it stopped falling and started to head back I would have made $6,000! So I find myself frequently with large losses and small profits.. not good! Anyways, it sounds like you are feeling better, your strength is coming back and let’s hope we can make some money back next week! I sure hope so.. I hope CMG, CP and lulu will crash (I hope nobody on here owns these stocks). And I hope COG comes back (also for CJ’s sake).
My hot Russian is cooking me dinner at my place so I need to get home.. I’m so looking forward to seeing him
I was asked to house sit at someone’s gorgeous Kerrisdale house for a week beginning tomorrow so he and I can nest a bit..lol
I’ll catch everyone later. Have a wonderful weekend.
January 20th, 2012 at 8:01 pm
Hi Eve,
Re: Post 154
Thank you very much for your insights. Cheers, Ania
January 20th, 2012 at 9:05 pm
Hi everyone,
Do you know any great platinum play in CAD?
January 20th, 2012 at 11:04 pm
Hi Tawny,
NTR
Re 167
Thanks for the tip. I took a look at the restaurant you proposed. My son might however prefer something a bit more casual. I will however keep it in mind.
I am coming from Toronto. This is just a one-day trip. So, I will not have that much time to spend with my son in Kingston. That would be lovely to meet you, but I would say maybe some other time since I will be in the company of one of my girlfriend who also has a son at Queens. That would not leave us a lot of time to have a chat. We will make it a date for next time.
Regarding HVU.TO, the pullback this past December was a lot more significant than the usual. It was literally plunging and partially recovered subsequently. We will see what Monday brings us.
January 20th, 2012 at 11:51 pm
The VIX: Researching on Google to find out about options expiration affect on the VIX and found this about December:
http://www.optionpit.com/blog/christmas-vix-and-vxx
January 21st, 2012 at 12:02 am
Also found this of interest – probably because it says what I want to hear! LOL
Really, what it is saying and demonstrating is that:
“The market right now has the same sentiment as it did right before the equity slide of late July. Problem now is short interest is at a two year low leaving the market that much more vulnerable.”
http://macrostory.com/
Includes an interesting video from Jan. 19.
January 21st, 2012 at 4:24 am
Re #206 – Young
A couple PT PL stocks on Cdn exchanges.
(But I don’t have a clue whether they are great or not)
http://www.easystock.com/tkchart/tkchart.asp?stkname=tse_ELR,VSE_NKL,PALL,PGM,PTP,SWC,PTM,PPLT,PLTM,PAL,PLG&prt=0&sz=1
January 21st, 2012 at 6:45 am
i am wondering why some people are buying hvu when spx broke out of a down trend line and its most likely going to pull back in one to two days because its over bought. when it pulls back it does not mean that hvu will go up as there is no fear in the market. the market will probably top out this august so why start accumulating it at 12 which it will probably go to 10 and maybe even 8 dollars.
January 21st, 2012 at 6:54 am
oops about the spx, it will probably go down on monday as it has hit bang on the trend line that runs from the may high to july high and to yesterdays close. but this does not mean that hvu will go up may b a small bounce but thats it
January 21st, 2012 at 8:49 am
Rol Lew,
Thanks! SWC appeals to me!
January 21st, 2012 at 11:35 am
Eve,
Sorry brain is still on the fritz.
What i meant buy assisting was attending the workshop, to learn more on options.
there are two packages offered one for novice options traders. and one for the more advanced option investor.
here is the programs.
The Montréal Exchange and OIC invite you to expand your options knowledge by attending our Options Education Day in Toronto on March 3, 2012.
Cost is $45 CAD plus applicable taxes.
Breakfast and lunch are provided.
Limited seating. No registration on site.
Toronto
March 3, 2012
Hilton Toronto
Toronto Ballroom I, II, III and Foyer
145 Richmond Street West
Toronto, Ontario M5H 2L2
(Click here for directions)
Program
8:30 a.m. to 9:00 a.m. – Breakfast
Investors will have the choice between one of the two packages below:
Package 1
9:00 a.m. to 12:00 p.m. – Introduction to Options Trading – MX instructor Patrick Ceresna
(Exhibitor Networking Break from 10:15 a.m. to 10:45 a.m.)
Individual investors have more investment options than they often realize! This workshop will introduce you to a new world of opportunities as Patrick presents the building blocks of options trading including the terminology, the concepts of exercise and assignment, and the pricing variables. Patrick will also provide an overview of basic options strategies and use practical examples to illustrate their respective risk/reward profile.
12:00 p.m. to 1:00 p.m. – Lunch
1:00 p.m. to 2:30 p.m. – Introduction to ETFs and ETF Options – MX instructor Jason Ayres
Join Jason as he introduces you to exchange-traded funds, one of the fastest growing investment products in today’s marketplace. This workshop will teach you how ETFs are constructed, priced and managed as well as how they can be used to diversify a portfolio. You will then be given valuable insight into the use of options strategies in combination with ETFs as an efficient way to reach your investment objectives.
Package 2
9:00 a.m. to 12:00 p.m. – Advanced Option Spreads – OIC instructor Bill Ryan
(Exhibitor Networking Break from 10:15 a.m. to 10:45 a.m.)
After a brief introduction to option spreads, Bill will introduce you to diagonal spreads as an alternative to the covered call writing strategy. The session will provide a fresh approach to one of the most conservative options strategies used by investors. Back spreads will also be discussed as well as how they can be used when expecting a significant move in an already volatile underlying security.
12:00 p.m. to 1:00 p.m. – Lunch
1:00 p.m. to 2:30 p.m. – Getting to Know the Greeks and the Impact of Volatility – OIC instructor Bill Ryan
The options Greeks are a recurrent theme when discussing options trading as they are essential risk measures of an option price. In this presentation, Bill will demystify this complex topic and explain how the Greeks can be used as an additional tool when creating options strategies in your portfolio. In addition, Bill will demonstrate how special consideration should be given to volatility, as it can make—or break—a trade.
2:30 p.m. to 3:00 p.m. – Exhibitor Networking Break
Common Workshop
3:00 p.m. to 4:30 p.m. – Efficient Indexing for Inefficient Markets – Guest speaker Som Seif, Claymore Investments, Inc.
There are now numerous ETFs to choose from that cover a whole range of sectors and asset classes. That’s why it’s more important than ever for advisors and investors to understand the always-evolving world of ETFs and how they are structured to do so. The first ETFs simply followed popular indexes, but today, advisors can use these products for currency hedging and creating tax efficiencies among other things.
January 21st, 2012 at 11:41 am
Tawny and all HVU traders.
if the 4 decides to cross the 9 next week I might take a shot at it again. but only if we have a 4/9 babybull cross.
since this is a 2X the index I think this would be the best option.
if it was a 1X the index having gotten away from the 4MA I would have kept it but its not and most analyst are cautiously optimistic, on greece getting a deal on their bonds I don’t want to risk it.
January 21st, 2012 at 11:50 am
Ee
go to the m-x.ca website
on the right hand side you will find option education banner just click and you will be able to register.
January 21st, 2012 at 11:57 am
tony
You are wise to bail. I am not sure how I got myself into this sticky wicket I’m in. Way overinvested in HVU – so unless a disaster happens over the weekend, I am likely to lose a lot – I do not wish for a disaster just to profit for myself, though.
I think I got into this position due to fatigue. Never trade when not feeling up to par! Also because you said you were buying – and you are so savy, I thought I was doing the right thing. I am NOT blaming you one as I always take responsibility for my decisions.
However,I cannot continue to WORK at day trading… I was doing well for a bit, then the HVU. When I get out from under this mess I am in, I will have to find another way to handle our nest egg. Day trading is far too time consuming and I have many other interests which are neglected.
I do not trust to put money with ANY ADVISOR. At odds what to do. Well, I’ll take care of next week, put money into cash equiv. and leave it for awhile, I guess.
January 21st, 2012 at 1:16 pm
Martine: #207 – Our fav eating place in Kingston is Chez Piggy!
Chez Piggy Restaurant & Bar
http://www.chezpiggy.com/
Located in a secluded courtyard in historic downtown Kingston, Ontario, ‘the pig’, as it is known locally, has been attracting a faithful clientele for over 28 years.
68 Princess Street Kingston, ON K7L 1A5
(613) 549-7673
January 21st, 2012 at 1:35 pm
CJ
I love Chez Piggy in warm weather when one can dine outside under the enormous tree with all the birds tweeting and flowers, etc. They are open for brunch from 10am.
January 21st, 2012 at 2:17 pm
Tawny
if I can offer 2 words of advice,
1st use the 4/9 cross to enter the run away is good only for companies that stick to the 4MA.
2nd whats your tolerance level. I for one hate losing 500$ or more but I will tolerate more depending on the amount invested, and I never go over 20K per investment so here I will do an expetion and will move my loss to 800$, my loss usually are between 4-6% of my investment. HVU I would have tolerated 10% but with cautiosly optimistic opinions didn’t bold well for the VIX,
As I have said last week on occassions I have lost more than 10% but this was all due to negative commentary from the companies future outlook, the treasury who came in during the w-e end decided to kill Fannie Mae Invested on the friday 8K and was left with 400$ on the monday morning, or investing one week prior to Japan Earthquake.
these are events you cant control.
January 21st, 2012 at 5:15 pm
TAWNEY #219 NTR
You are right about the summer in the courtyard, but we have only eaten indoors, quaint, casual enough, and food is good! Here is a scrap page I did after a spring visit (don’t remember the year!)
http://image63.webshots.com/463/3/97/57/2855397570101030985EVJies_fs.jpg
January 21st, 2012 at 5:17 pm
TAWNEY PS NTR
LOL I guess it was 2007!
January 21st, 2012 at 6:19 pm
CJ
VNTR
Boy, Chez Piggy brings back a lot of memories.
I first met Zal in 1978 (I think). He wanted to buy this old building that was owned by Ted Lloyd and turn the place into a fancy restaurant. There was a rough floor at the time and the second floor just had a bunch of old rafters. I was with my bank manager – Zal was looking for financing. I asked him why the hell he wanted to go into the restaurant biz. He told me “I like to eat”, and laughed his head off. If you’ve ever been in a room when Zal laughed – you could hear him for miles. On Saturdays, during the winter, I used to sit downstairs by the bar, read the paper and enjoy a couple of sherries.
Downtown Kingston at that time was a wasteland. That was before Dacon built the LaSalle Mews on the spot where there was a C & W bar, and the scene of numerous fights. Rideau st was roaring with bikers. Nobody went downtown after 6! Well, he got his funding and he did an excellent reno job. Then Gerritsen (elder) became mayor and cleaned up the downtown. He installed the streetlamps with the flower pots, and put down the interlocking brickwork. He really cleaned things up – then people started to hang out downtown. I used to drop in to see Zal and have dinner. Then I went next door to the Toucan (I think that they still have my beer mug hanging behind the bar)just for a change of pace. All kinds of new dinning establishments moved into the downtown.
I used to own a condo in the Annandale complex on Sydenham and William st. I was very rarely there tho – I was either at the Pilot House or the Toucan!
Great memories!
January 21st, 2012 at 10:22 pm
Wayne #223 – Glad we prompted some happy memories for you Wayne!
Tawney: That link did not work I see;
try this:
January 21st, 2012 at 10:25 pm
No that was not allowed evidently ……
http://thumb5.webshots.net/t/63/463/3/97/57/2855397570101030985EVJies_th.jpg
January 21st, 2012 at 10:28 pm
Well I tried everything Tawney – sorry that last is a tiny thumbnail almost useless.
NTR and not important so will give up on that.
January 21st, 2012 at 10:31 pm
CJ,
NTR
Thanks for Chez Piggy. I might end up there with my son tomorrow. Lots of history and memories according to Wayne. Vote of confidence by Tawny. I have to take a look… It looks like that the place to go.
Thanks to you all! I should be in good company.
January 21st, 2012 at 10:53 pm
Martine,
There’s also Chien Noir at 69 Brock st – just up from King st. My friends usually have lunch there once a week. If you like Indian food – the best is “Curry Original” just beside Lone Star – or Tex Mex at the Lone Star on Ontario st. There are a number of restaurants along Ontario st – Woodenheads Pizza, the Prince George. If you like micro-breweries – there’s The Kingston Brew Pub on Clarence st. They brew their own ale. All depends on how fancy you want to be.
January 22nd, 2012 at 1:28 am
All those interested in HVU & related etfs,
I found this article from seasonal expert, Don Vialoux from G&M last year,
http://theglobeandmail.com/globe-investorunds-and-etfs/etfs/don-vialoux/turning-market-volatility-into-profits/article2015863/
I guess one will have to type this. Thanks to all for discussing HVU & making me interested
January 22nd, 2012 at 12:42 pm
tony,
thank you so much for that info on the options expo in March – I may go to it – I guess I’ll see and decide closer to the date.
thanks again tony – and thank you for bringing it to my attention to
Eve
January 22nd, 2012 at 12:44 pm
re a market decline:
just got this today:
Bullish Set Up On US Dollar
Posted: 22 Jan 2012 02:51 AM PST
The US Federal Reserve meets next week (Jan 24/25) and many are expecting Bernanke to release the next financial QE details. The markets are poised for Ben next market leading action.
But, it looks like the next QE will be delayed until there is real pain in the markets: Fed To ‘Hold Off’ On QE.
Add to this the Greece bond deal with private hedge funds is not happening as quickly as the bullish crowd wants: Greek Bondholder Talks Stalled, Agreement Unlikely By Monday Deadline (no matter …
—————————————————————————–
yep, it’s coming
the decline I mean 
eve
January 22nd, 2012 at 12:46 pm
Muntazir,
I introduced HVU to the board last August – AND have discussed it often on here since then – where have you been that you’re only learning of it NOW after the discussion on it from the last few days?? LOL
Thanks for the article though Muntazir
Eve
January 22nd, 2012 at 1:07 pm
Oh PS to my post on a market decline (post 231):
On Friday, the SPX went EXACTLY to the SAME level (the same high) it had reached on Thursday – and it closed both those days at that same level (1315) (so, a “double top” – of 2 days in a row) – which ALSO happens to be the SAME level as the keltner 2.5 top. Also, there is an “reverse direction” candlestick showing on the chart from Friday, and RSI is just touching overbought level at 68.92 (over 70 is overbought), with full stochastics being almost as high as stochastics can go to – stoch is at 99.40 and stoch only goes to 100 (it goes between 0 and 100) – plus with Monday being the day after options expiration Friday being normally a down day – and with Mondays on a historical basis usually being down (I posted an article recently showing that Mondays are normally down days – in 2009 to the first half of 2011, they were usually up days though), then all of this combined (along with the bullish set up of the U.S. dollar) is telling us that a decline is IMMINENT!! most likely starting on Monday (as I posted last week).
Also, EVERYONE has been looking for the “golden cross” to happen on the SPX (as it has already taken place on the DOW) – yet, it has still NOT taken place on the SPX (but is quite close) – and this not having happened just yet would give the “bears” something to chew on as well in bringing the market down in order for the golden cross to NOT take place (just yet) – a golden cross for anyone who doesn’t know is a sign of “bullishness” when it takes place on an index or a stock – it occurs when the 50 day MA crosses above the 200 day MA – and the 2 moving averages are very close to each other BUT the cross has not yet occured!
Here is the chart of everything I’ve discussed herein regarding the 50 and 200 MA, the RSI, stochastics, keltner level at top, the SPX levels reached on Thurs and Fri as being the same, and of the reverse candlestick showing on Friday’s close:
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&b=6&g=0&id=p10038748624
So, ALL of this tells us the decline is just arond the corner
Hopefully, the news out of Greece and the bondholders will be taken badly by the markets such that people become more fearful than they are right now and thus, start buying puts – and this will equate to a heightened volatility in the market which would mean the VIX going UP and will then mean HVU goes up too (good for all you HVU holders out there – especially Tawny who’s told us she is holding A LOT of it!!).
Hope you all find this info useful
Happy trading all
Eve
January 22nd, 2012 at 1:36 pm
http://finance.yahoo.com/news/wall-st-week-ahead-strong-020825029.html
January 22nd, 2012 at 1:39 pm
More on the Greece talks this weekend:
Greek officials had been expecting Institute of International Finance chief Charles Dallara, who negotiates in the name of creditors, to hold meetings on Saturday but he left early in the day for Paris.
The IIF denied that Dallara and his adviser Jean Lemierre had left unexpectedly and said they had longstanding personal appointments.
Following several rounds of talks from Wednesday to Friday, Greece and its private creditors are converging towards a deal in which private creditors will take a real loss of 65 to 70 percent, sources close to the negotiations said.
But a lot of details are still unresolved, including on legal aspects of the deal, the sources said.
“Discussions will continue over the phone this weekend but an agreement is unlikely before next week, if there is an agreement at all,” one source close to the talks said. “Things are complicated, we are getting closer on the numbers but there is still quite some work ahead.”
January 22nd, 2012 at 1:44 pm
From my post 231, here is the full article:
http://www.dailymarkets.com/stock/2012/01/22/bullish-set-up-on-us-dollar/
Sounds good for Tawny holding HVU and SPXU
and good for others out there in similar situation 
eve
January 22nd, 2012 at 3:25 pm
Eve and al.
I know Don V is not a follower of the golden cross or death cross and neither Am I, been burned in the past following this the 50/200 cross, as as price usually is way to high compared to the 50MA, to even make a profit from it,
Now if you look at the last death cross on the SnP
you will price barely moved lower from when the cross occured.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&b=4&g=0&id=p73245591422&a=254708460
January 22nd, 2012 at 3:35 pm
hi tony,
but you see MANY people ARE a believer of the golden and death cross – and it is these believers in it (the bears right now) that will not want to see it take place – and will then (in my opinion) take the markets down BEFORE it gets the chance to occur (at this point in time). So, one does not have to be a believer in it in order for it to “mean” something to MANY others out there who do feel the crosses DO hold a meaning of either bullishness (golden cross) OR bearishness (death cross) – and it is these believers who will have an effect on the market – one way or the other – in terms of the golden and death crosses.
eve
January 22nd, 2012 at 3:47 pm
Slava,
This is for you Slava – just posted on Bloomberg:
http://www.bloomberg.com/news/2012-01-20/kinross-in-play-after-paying-too-much-in-african-gold-real-m-a.html
the headline read: kinross gold could be a takeover target
eve
January 22nd, 2012 at 5:54 pm
I’m not saying the contrary Eve on the gold and death cross.
i am only stating the fact some companies may move much higher, but usually most don’t
January 22nd, 2012 at 6:25 pm
Follow up to post 228 for Martine, try Milestones, in old S and R building, corner of Princess and Ontario. Great Cesar etc, a little upscale but not like chien noir, atomica is fun, beside chief noir. Depends on what service you are looking for. I always like fast not wanting to spend a couple of hours… Hniel/Kingston
January 22nd, 2012 at 7:08 pm
Eve
Thanks so much for your posts #233 and #236. If the S&P goes down I will be happy for it…. since I have some shares SPXU I am not wishing evil stuff though! The HVU may or may not react but I am hoping it will. I am down quite a bit so it would be nice if it goes up.
I heard on CNBC a while ago that Japann’s credit rating could be cut any time now. But, I can’t find any news on this. The talk was that this would have a far greater fear factor than the problems with greece, etc. Anyone see or hear anything on this?
January 22nd, 2012 at 8:44 pm
Tawny and anyone else holding HVU,
Interesting chart that stockcharts has in regards to when to get out of the market due to a correction…
by the look of the chart, SnP seems way over bought needs some type of news to bring it down.
http://blogs.stockcharts.com/
January 22nd, 2012 at 8:58 pm
Ok for those interested,
NTR
I decided to put two comps to the the test
Brand new dell
with win7 Os 64bits
CPU Core I5 2.5Ghz
Ram 3Ghz
vs my old laptop.
running Linux
CPU Centrino Dual Core 2.16Ghz
Ram 1Gig
OS 32bits
guess what
by 7sec my old Linux was faster to boot all the way up to the login.
so it doesn’t matter the computer what is important is how many process you want the computer to load before you ready to run.
with this on hand I rather stick with a light weight OS then a behemot, this is like having a civic pulling a fully loaded 18Wheeler in the summer time.
goes to show you that even though
January 22nd, 2012 at 9:15 pm
Here is the link to the latest news coming out of Athens.
http://www.cnbc.com/id/46092994
OK now can someone tell me what is wrong with the following statement.
“Dallara and special adviser Jean Lemierre left Athens on Saturday without finalizing the deal, with sources close to the talks saying many details had not been resolved yet, including legal aspects and how a sweetener promised to banks to facilitate the deal would be used.”
No but what kind of bureaucrats are these these two bozos. what they had a romantic dinner with their other half.
I would have fired them as soon as they landed. Would have went and made a scene I would not have cared of diplomacy in this case.
What are these two bozos the new generation whos priority is happy hour. Sorry but I’m old school, I was taught that when you have a mandate and that is due for the next morning You make sure it is complete even If you finish 5min before you submiting the work.
God what kind of degenrate are they.
I
January 22nd, 2012 at 9:26 pm
#239 Slava,
Not sure who will want to touch K.to a these prices, I think there will be even more downside and a mid gold producer may take a stab at them.
cause K.to from the
January 22nd, 2012 at 9:33 pm
Looks like Rim has rplaced their CO-CEO’s, wonder how the stock will do tomorrow, good news maybe????
January 22nd, 2012 at 9:34 pm
lots of investors are heavily invested in hvu now and are down lot ,,and are praying for market crash . but big money don,t want markets to go down yet.
mike
January 22nd, 2012 at 9:36 pm
oops sorry continue on K.to didn’t read the article but now that I did looks compelling but high risk for High reward is not my game. So i think if there is a 30 to 40% premium would be nice but then again why buuy a project that you can have it for cheaper, isn’t the way of thinking a great minds?
January 22nd, 2012 at 9:36 pm
oops sorry continue on K.to didn’t read the article but now that I did looks compelling but high risk for High reward is not my game. So i think if there is a 30 to 40% premium would be nice but then again why buuy a project that you can have it for cheaper, isn’t the way of thinking a great minds?
January 22nd, 2012 at 9:40 pm
Mike
I have to agree with you they are protecting themselves as if we could see even less volatility vxx they bought the weekly feb 23 puts as for the closing price was 28.42.
January 22nd, 2012 at 9:47 pm
Mick NV
if you change two ceos for one but with the same vision, you will get the same end result.
Expect rimm at 11-12$ at a store near you.
January 22nd, 2012 at 9:48 pm
Hi Eve,
Shows I have to read several times b4 I become interesed/understand.After all these readings I doubt if I will participate in HVU.
Anyways I would appreciate your outlook on TLM-T, HBM-T & K-T for seasonal plays.
Others are welcome to comment
January 22nd, 2012 at 10:44 pm
hvu.to , like tvix and vxx , is very easy to trade .
Buy when vix futures are and stay in backwardation and sell when vix futures are and stay in contango .
Now we have contango , so do not buy hvu.to
Contango effect ? Look at hnu.to , hou.to , vxx long charts .
January 22nd, 2012 at 11:19 pm
I suspect this new rim ceo is only temp, I believe the board will bring in someone better.
January 22nd, 2012 at 11:38 pm
Eve
Being a night owl you may come on here later… I am off to bed now.. just want to let you know you have mail.