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iPath S&P 500 VIX ST Futures ETN Message Board

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  • jbmjbmjbm01 jbmjbmjbm01 Jun 17, 2011 2:18 PM Flag

    Dow could close down 50. Cover shorts now.

    short term, maybe VXX goes up today. Sure.
    But long term, over several months, this baby just drops and drops.
    Shorting this thing has been money.

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    • Sure shorting it longterm has been "money" but can you outlast the temporary spike and remain liquid? It's going to be a war of attrition here for a few weeks and not getting margin called should be considered an accomplishment. Steep backwardation could set in and push this higher than you imagined possible only weeks ago. I just don't understand why someone would want to go short right now. Why not wait until the 1249-1255 battle for the s&p and world becomes clear(er)?

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