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iPath S&P 500 VIX ST Futures ETN Message Board

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  • speakwithlove2 speakwithlove2 Apr 4, 2012 7:07 PM Flag

    VIX up 5% and VXX up 2.3% today- PROOF VXX is going to fall hard

    Okay. The reason VIX went up 5% and VXX, half as much today, is supply/demand. There's a lot of pent up supply of VXX--people who've been waiting weeks to sell. Many of them reading this board.
    So when it went up to $18.35 today, men and machines went into action to sell this puppy back down to $17.50

    Now as for tomorrow, I think another 5% up on the VIXX will translate into VXX at $19.50 -- for five minutes, until the sell orders kick in.
    So if you get a chance to sell, sell. Disclosure: I bought 100 $18 and 100 $19 VXX calls today, thinking I can sell them for 5 times as much tomorrow morning, about an hour after the session opens. Don't hold too long, people, if the gods get you a chance to get out of VXX with a profit. We go way up Monday. No one wants to hold over the weekend, due to the jobs report. The general direction of this market remains up.

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