I actually own 100 shares at $17. I have held; which is not the way to use these products; however, if you don't hold them, you can't catch a run like the last one from $16 to $109.TVIX also sold off from $109 to $37- loosing 66% in 19 trading days.This selloff is no different really, is it?Seems to me TVIX could go to $25 at least again.It is just that if you sell, you realize the loss. I'm just going to wait and see what happens, which I know is foolish at this point, but 100% recovery at $17 seems doable.I see it is still trading, and going up today, so I don't think ZERO is going to happen on this leg, maybe the next leg down? WHo knows.
Sentiment: Strong Buy
sell sell sellonly way to make money with vxx
I can't short sell these products, don't have a margin account, not enough money; but if TVIX goes to $100 again, I'll have a boost.Short selling these products just seems the easiest way to make money in the stock market!