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iPath S&P 500 VIX ST Futures ETN Message Board

  • janmichealvincentsfriend janmichealvincentsfriend Oct 5, 2012 12:26 PM Flag

    Here Is Why The VXX Can NOT Go Up, For Some Time

    You see, there was a report that came out today that said the VXX took in net inflows of 2.3 BILLION dollars this year. Net inflows. Meaning long the product. Not selling. This is just like Las Vegas, ladies and gentlemen. If a large majority are on the same side of a game(point spread), always play the other side. Vegas doesn't let large majorities win. Same with Wall Street. A large majority(to the tune of 2.3 Billion) are betting on high volatility. Well, Wall Street isn't going to let this large 'bet' pay-off. So, as long as people keep betting on high volatility and giving the VXX huge net inflows, the VXX will continue to go down....

    Sentiment: Strong Sell

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VXX
19.97+1.20(+6.39%)Jul 2 4:00 PMEDT