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ProShares Ultra VIX Short-Term Futures Message Board

  • chartsrock chartsrock Mar 15, 2013 8:13 PM Flag

    I don't understand the negative remarks of many..,.....?

    You never buy high ANY stock. You always buy low, even cost averaging in. It is a stupid place to short when it is bottoming.

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    • UVXY is pegged off the VIX, accumulate when it's below 13. If you want to go really "low" wait for 12 or below.

      Low is a relative term, not an absolute number. I guess that's what you mean.

    • This thing does not act like your average stock. (I know...it's not a stock.) If your theory of buying low applies to this then you could have been buying it for the last year+. It sets new lows all the time. We are not trying to be mean (ok, some of us are...) but we are trying to let folks know this thing is toxic. Sure it pops now and then but they are few and far between. As long as the FED keeps pumping...this thing will keep dropping. As soon as the Fed starts pulling back the easy money then I would possibly think about going long...until then....it's not worth the risk of trying to time a pop. Also, don't let the shorts fool you...most of us lost a bundle thinking right along the lines you are currently using to justify going long. If you are going to go long do so in day trades, take profits when you can and never end up holding the bag. Do yourself a favor and get out of this POS in the slightest uptick.

      Good luck!

 
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