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Analog Devices, Inc. Message Board

  • bakedinalready bakedinalready Mar 21, 2013 1:25 PM Flag

    O.K. I Lied. Just Sold Short VXX.....

    Had order for $21, but didn't think it would get there, so sold short out of habit. Market probably crash now.....

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    • How did I know this would happen. I should have stuck with the plan, but I got impatient, and now I am underwater. I kind of had a feeling we would sell off big time this afternoon, but they have been buying every dip, so I assumed they would buy this one too. I didn't short it 'till it turned down, but it made a u-turn right after that. Right now it looks like a great short, 50 cents later.....the only good thing is this always comes back down, so if it's a one day sell off, I won't mind. But if this is the start of a 5% correction, I will be scrambling tomorrow. Luckily, NG trades independent of the market, and those gains will only increase as we move forward, so it kind of offsets my impatience with VXX. Am kicking myself, though. Should have known better. Short @ 21.30 would have been golden. Broke my crystal ball, though....

    • I think you could be right. VIX up 11% and UVXY only 7%. Too many people thinking that tomorrow will be an up day and UVXY will drop...

53.46+0.09(+0.17%)11:23 AMEST

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