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Affymax, Inc. Message Board

  • thesavvymonkey777 thesavvymonkey777 Nov 8, 2013 8:48 AM Flag

    Just Sayin', Folks... TZA, VXX, TVIX, Etc.

    Hold AFFY or add to you position in it down here at these low levels, because it won't follow the rest of the stock market going forward from here, but other than that, I hope that you're ready for what is unfolding on Wall Street right now.

    Sentiment: Strong Buy

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    • TVIX is a pos. Hope you avoided following your emotions. Regardless how frothy the market looks, it is still a bull market taking pauses every 200-300 points on the S&P.

      • 1 Reply to redleggi
      • Yeah, TVIX is an underperformer so far. I actually got out of TZA today on a stop loss order that I had in at $21.45/share, taking a roughly $600.00 profit on the 500 shares that I had at $20.20/share. I didn't expect it to fill, but it did. I'm going to try to get back in TZA at $20.20/share sometime next week, assuming that this insane "running of the bulls" up the hill on Wall Street continues to take place. It's amazing what the sheep mentality can do to the stock market, not only to the upside, but also to the downside. The complete and total lack of fear in the stock market right now is deeply disturbing, to say the least. I'm going to maintain my positions in TVIX and VXX for the time being, but if the bleeding continues, then I might take the losses on these positions before the end of this year and use them to offset my gains from my other positions that I made earlier in the year.

        Either way, I'm going to do some online shopping this weekend with this free money that I just got from my TZA trade play. I love me some easy profits... TTYL!

        Sentiment: Strong Buy

    • Why the reference to VXX?

0.0809+0.0009(+1.13%)Oct 24 1:42 PMEDT