Tue, May 21, 2013, 3:11 PM EDT - U.S. Markets close in 49 mins.
I actually went long this thing today. Might have been a double top this morning. But yeah I'll be watching VXX closely and will cut my loss fast if it starts dropping again.
You are a smart and accurate trader. Time to cover and go long for a while till it goes to 22.64. Then go short again. LOL Good luck. You will make tons of money.
I do not think it will end that high, seriously the DOW can be down here about 60 points and VXX will still go red or negative on the day! I love this thing seriously. If you are short you have the life of luxury!
Not crazy. I assume since you know this cannot go up you must have gains you need to offset with some fat losses.
i am still short, but i did a lot of short puts against my long puts.
i expect some bounce, but who know, vxx loves to go down!