Citi Group recently introduced an ETN called Citi Volatility Index Total Return (CVOL), a benchmark designed to measure directional exposure to the implied volatility of large cap U.S. stocks . This is a 2x volatility ETN with portfolio containing basket of shares that short the S&P 500 Total Return index, with a variable weighting. This is a complicated instrument and you have to have a strong stomach to invest in it. Click here to read more about CVOL. As per Bloomberg, it has a market cap of $13M with NAV of $68.30, click here. I took a small position at $66 this afternoon. I will make a decent amount if market turns Red tomorrow :) Sorry bulls, we got to play it both the ways to make money in this market. Not many traders knew about this new ETN but it is going to get beasty once the volatility kicks in and more players jump on it.
If you are interested in investing/trading CVOL in the future, I would suggest you read this document before you take any action. click here
A general Caution and Advise -As I always advise in my posts, Do not chase stocks. please keep in mind that I am not a Stock Market Analyst or an Investment Adviser to count on my recommendations/alerts. As always please do your DD before investing or speculating, start with a small position, always keep your stop losses in place and emotions out. Finally thank me for your profits but do not blame me for your losses because you are the one who pulled the trigger!!!
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Who is Mr.Incredible?
- Mr.Incredible
- New Jersey, United States
- Mr.Incredible is a Momentum/Technical Breakout player who trades small/micro cap plays and who saw a 600% Growth since 2006, Yes even in this down market. I am going to post my real trades (including profits/losses) soon...As a general caution and advice Please start with a small position and always keep your stop losses in place just in case....As usual Do your DD before investing. Thank me for your profits and don't blame me for your losses because you are the one who pulled the trigger!!!
Are you still optimistic with your uranium stocks? I own URG (bought 2.18) but I'm thinking to selling actual price market (2.35) and make profit as all uranium stocks seems to suffer these days ... what do you think Mr Incredible?
ReplyDeleteThanks for all your work
Uranium stocks are not for day trading. I would hold them for at least 6 months to see some real money. Q1 of 2011 is going to be good for U (uranium) and all of us:)
ReplyDeleteAgreed. Can't really decide on URRE right now because of the executive sale. They do have a joint venture contract with CCJ, so that is one of the main reasons I picked them. Tempted to pick up more at 2.90 due to the support.
ReplyDeleteI would add URG to the portfolio because technically it looks much stronger than URRE. In the last five trading sessions, the 50-day MA for URG has climbed 8.84% while the 200-day MA has risen 3.53% with heavy volume. I see a major breakout coming soon. The company is moving closer to receipt of permits and licences, which are expected to be received some time by the endo of Jan 2011.
ReplyDeleteDear Super Hero,
ReplyDeleteWhat's your position on MTSL? Do you think it will reach the top again in the next weeks?
TNX
Thanks for calling me Super Hero! LOL. If you have MTSL sell it when it goes high. Your mantra should be "Buy the Dips, Sell the Highs" weird behaviour but who cares if it crosses $3 again, which I think it will. I am not recommending to buy or sell..just sell it if you are gaining.
ReplyDeleteDear Mr.Incredible,
ReplyDeleteWhat's your target for URG? or are you planning to just hold it and see where it goes?
Thanks
hi mr incredible, do you still holding the majority shares of VTRO? thanks in advance.
ReplyDeleteMy short term target on URG has not changed since I first initiated the BUY recommendation. It is still $4 sometime in the first quarter of 2011.
ReplyDeleteI liquidated half of my VTRO holdings at $5.25 and $5.50 and holding the remaining half. It's a crazy stock. It might go up but I am losing confidence on this stock. I will just sell it everytime it raises. Not interested in adding it or shorting it.
ReplyDeletehi, do you stil positive whit TIII? today is -7,62 at this moment.
ReplyDeleteEDAP YEAH BABY! i only have 2000 shares left. still holding
ReplyDelete_Cashese
Nice job Cash. I have 1K left. $6.55 AH. Looks like $8 is doable :)
ReplyDeleteI loaded C Jan 2011 $5 calls at .08. I think they will be in the money in the next couple of weeks and am expecting 100% return on calls. It could be more if market rallies in the first two weeks of 2011.
ReplyDeleteno blogs? where is everyone?
ReplyDeleteHi Mr Incredible,
ReplyDeleteIf you had to make a top 3 list of the stocks to buy for 2011, which ones would you chose?
Regards