XIV is being redeemed on Feb 20th - acted horrid on the rally
today. So many trapped it's hard to make guesses but it's
looks broken. Consider going to Vegas at least you get a free
drink.
Posted by landgreen on 6th of Feb 2018 at 05:05 pm
Steve, thats not even remotely funny! People lost tens of
thousands of dollars on xiv...many on matts recomendation of
playing xiv in line with the spy. Saying less at this point would
be more. We all take responsibility for our own risks, but
dont sell us advice and then tell us to go get a free drink in
vegas..it's insulting!
Steve Reply: Let's get one
thing clear, we NEVER recommended playing XIV in place of SPY.
Those who chose to do so did it entirely on their own and
anyone who put such funds at risk did so with little
understanding of the inherent risks involved. I never once sold you
any such advice and completely dispute that comment. Anyone who put
such large amount of capital at risk with XIV did so 100 percent on
their own volition. In my opinion, it was ludicrous to speculate
such large sums of capital on XIV so please get your facts
correct. My comments below are intended to stop the idiocy
regarding any further speculation on this ETN since some members
inquired about my thoughts today.
Landgreen - I understand your comments and apologize for any
insensitivity but it was not meant to be funny. After the XIV
implosion some here are still interested in speculating on XIV
after it re-opened for trading today. My point and it's quite
serious is that the action today in XIV was not representative of
an instrument that is working properly. To be specific, XIV
did NOT rally with the market and is trading lower again after
hours. If I need to be blunt to bring that to members
attention I will do so because I care and don't want to see any
more carnage. My comments relate to the HERE and NOW and I
sure hope that's quite clear. Also sent you a private
message so check your inbox.
Do you think Credit Suisse opened up XIV so traders will sell
rather than wait for liquidation? This might prevent
lawsuits on the back end because they can say the market was open
and liquid for a couple weeks. What they don't say is that
there is no market for an instrument that shuts down in 2 weeks and
this effectively caps the market.
Are we sure it is
XIVI know alot has been said about the XIV today. ...
Posted by bpozdoll on 6th of Feb 2018 at 04:15 pm
Are we sure it is shutting down? If so, why would anyone buy it? I am confused.
XIV is being redeemed on
Posted by steve on 6th of Feb 2018 at 04:19 pm
XIV is being redeemed on Feb 20th - acted horrid on the rally today. So many trapped it's hard to make guesses but it's looks broken. Consider going to Vegas at least you get a free drink.
Steve, thats not even remotely
Posted by landgreen on 6th of Feb 2018 at 05:05 pm
Steve, thats not even remotely funny! People lost tens of thousands of dollars on xiv...many on matts recomendation of playing xiv in line with the spy. Saying less at this point would be more. We all take responsibility for our own risks, but dont sell us advice and then tell us to go get a free drink in vegas..it's insulting!
Steve Reply: Let's get one thing clear, we NEVER recommended playing XIV in place of SPY. Those who chose to do so did it entirely on their own and anyone who put such funds at risk did so with little understanding of the inherent risks involved. I never once sold you any such advice and completely dispute that comment. Anyone who put such large amount of capital at risk with XIV did so 100 percent on their own volition. In my opinion, it was ludicrous to speculate such large sums of capital on XIV so please get your facts correct. My comments below are intended to stop the idiocy regarding any further speculation on this ETN since some members inquired about my thoughts today.
Landgreen - I understand your
Posted by steve on 6th of Feb 2018 at 05:18 pm
Landgreen - I understand your comments and apologize for any insensitivity but it was not meant to be funny. After the XIV implosion some here are still interested in speculating on XIV after it re-opened for trading today. My point and it's quite serious is that the action today in XIV was not representative of an instrument that is working properly. To be specific, XIV did NOT rally with the market and is trading lower again after hours. If I need to be blunt to bring that to members attention I will do so because I care and don't want to see any more carnage. My comments relate to the HERE and NOW and I sure hope that's quite clear. Also sent you a private message so check your inbox.
Do you think Credit Suisse
Posted by bpozdoll on 6th of Feb 2018 at 05:56 pm
Do you think Credit Suisse opened up XIV so traders will sell rather than wait for liquidation? This might prevent lawsuits on the back end because they can say the market was open and liquid for a couple weeks. What they don't say is that there is no market for an instrument that shuts down in 2 weeks and this effectively caps the market.
Many lost money on the
Posted by torvix on 6th of Feb 2018 at 05:09 pm
Many lost money on the crash so far. Wonder if spx is going to look like bitcoin.
NICE tax loss for many
Posted by lamb on 6th of Feb 2018 at 04:37 pm
NICE tax loss for many years to come!!