Amazon Is a Promising Short
The bias is still to the upside. I suppose we could refer to it as "buy-us," which is what everyone in the media seems to be saying at the moment.
The lack of fear is still prevalent, although you can't tell it by looking at the VelocityShares Daily 2x VIX Short Term ETN (TVIX) over the last two days. But before you declare yourself a genius for owning this one, take note Credit Suisse is not creating new shares currently. Yes, we have another share issuance suspension creating a premium in a product that really should not be trading at much of a discount or a premium. Shorting these ETNs or ETFs, which pick up a big premium, can be a rewarding trade many times as evidenced by the iPath Dow Jones UBS Natural Gas (GAZ) recently, but I wouldn't jump to short TVIX....345 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.