Filled Sell Short 11000 UVXY Market $28.47 ---- 13:54:12 11/16/12
If you love UVXY, you will do the same if you shorted this morning and have a lead, take this down for all its worth right ionto the close. Rally will stick and VIX will suffer the most. Cover on close, do it now, already a one point dead cat bounce of 27's. Target $25.76 3:59pm-cover
If you really did make that trade, you left a whole lot of money on the table....$5 a share!
That would have been $55,000! However, I do not believe this post. Calling #$%$. No logical reason for someone who wanted to go short to wait for it to drop $3 before selling short. It was @ $31.48 earlier, so why would you wait for it to drop over $3 before going short? That's $33,000 right there! So add that to the $55,000, and you get $88,000 left on the table.
Buy to Cover 20000 UVXY Market $27.44 ---- 15:58:14 11/16/12
covered all plus the $30.45's. Was down $6k on that when it peaked and she fell and fell hard. Would of happened anyway according to chart without pump of fiscall cliff. Made over $40k but lost $5k on an option that expired worthless=35k.
Won't buy this long ever. Will short Monday gap up on this plus the roll is Monday and this will go even lower
5% grind decay from open at flat spx so you are in good shape plus more baggies sucked into $29 spike who will add fuel to the final hour downdraft. we are at 6x down to 2x up today!
Why would you go long this now, after we've had a 1000 point drop in the Dow? Even after a 1000 point drop, wherein this is supposed to go up, it has actually gone down. Look at today's action. Dow only up 45 points after two weeks of steady declines. Wednesday, Dow dropped 185 points, and this went up only $1.34, less than 5%. Yesterday, Dow was down again, another 28 points. So today, with Dow making a slight 45 point "recovery", this drops 10%. So it goes down much faster than up. The "up" moves NEVER last. They are only shorting opportunities.