With 100 cooks in a 5X5 kitchen all making different dishes there's going to be an explosion somewhere. Ho-hum, wake me when it happens so that I can dump my VXX at $65.
I will go out on a limb here and say it for you. VXX can NEVER go over 65 in your lifetime! I am serious NEVER. Not even in 100 years. Adjusting for the splits that would occur. There is currently a 3% chance VXX can go to 65 and that is from this afternoon at 4PM. It goes lower each and every day!
A couple of issues. First, the VIX will only hit 40 if we have Lehman part 2. Second if it happens say 6 months from now VXX will be lower than it is today. This is why I am 200% short at 23.80 (posted in real time) and will never cover.
"This is why I am 200% short at 23.80 (posted in real time) and will never cover."
The last guy who was 200% short vxx lost it all and went bankrupt. thats as foolish as going long vxx.
That's what you said last time, but you covered and went long at 25.5. Then I saw that you went long at 24.5 on Monday in AH. Hopefully you've learned to always stay short and never go long...
Hope you're very patient, because you might have to wait until 2015. An analyst projected that it won't be until then that we have under 6.5% unemployment, which means Fed will be pumping until then... And maybe after the next RS, you'll have your $65...