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Analog Devices, Inc. Message Board

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  • bakedinalready bakedinalready Jan 31, 2013 7:36 PM Flag

    Sold Short 1500 UVXY

    Hence my message to sell. They are taking any profits very fast, as winter winds down and uncertainty about the weather persists.
    OTOH, I fell asleep right before close as market was dropping and UVXY was going up. When I awakened, I see market down 50, but UVXY down 20 cents. It's supposed to go up in a down market, and did for awhile, but in the end it just keeps rolling back down hill.Gotta love that it has decay/contango built in. You can't lose, and can make big money if market goes up. Everyone should grab shares of that short if you can get them and hold on. Over time you can't lose. Never heard of anything like that before in my lifetime. Unbelievable product. I don't even worry holding it at all. No stress.

 
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