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iPath S&P 500 VIX ST Futures ETN Message Board

  • wes_w_weber wes_w_weber May 17, 2013 10:31 AM Flag

    If we get a nice big drop on VXX

    I would consider buying. I have always felt that sometime this year ^VIX would reach single digits 8 or 9's. I thought we might get that sell off but obviously I have been dead wrong! So the single digits are coming. I may jump on some VXX if the time and pieces are set up properly...maybe around DOW 17,000? Hehehe jk.

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    • I dumped this turd around 18.64 and took a small loss that i have made up buying XIV. We may both be wrong expecting that correction that never happened, too much funny money working against it. The FED is suggesting ending the pump this summer....hummm, more of a head fake me thinks. I don't think they can halt the sugar fix without destroying markets. If you can't beat em join em i say.

    • wes-weber you are right about the vix that it woulds reach single figures but then I do not agree on the dow targets.Vix will reach all time lows i.e. 9.31 but I doubt whether dow has enough momentum to reach 17000.I am forecasting 16000 by the end of september or else days after the german elections which are to be held on the 22nd september.By then uvxy and tvix will be either redeemed or reverse splitted.

    • You want a big drop to get in, and I want a huge spike to quadruple my short position. I hope that one of us gets what we want. Treading water is certainly the worst outcome, though most likely outcome.

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