Does this ever go up? I mean really. Does this ever go up. I was apart of this scam a couple years ago and eroded half my portfollio on this on recommendation from my broker. I jumped in for 4k shares at 12.03 and have been watching the VXX for a long time, Just see a continual decline and thought there was no way it could keep going south. But EVERDAY for weeks this has been down. NEVER and i say NEVER do you see a $1 pop or more on this P.O.S
Guys, VXX is not a stock, it's basically a daily stastical calculation. The rules of Technical analysis does not apply and it's long term expected value is $0 (thus the seemingly permanent downslope). That said, it's actually performing exactly like it's suppose to, it's used to hedge against sharp declines in long position of actual stocks of companies in a portfolio. It's based on Volatility Futures which are in steep contango (i.e. more downside for VXX in coming weeks)
To give you an idea how complex this is, 1) you have stocks 2) you have an index of stocks like s&p 500 3) you have options on this index 4) based on the options there's implied volatility calcuations 5) then you have futures on volatility 6) then you finally have VXX which is based on these volatility futures.
well this ETF teaches a valuable lesson to many, don't try to guess a top or peak. Wait for it to reverse and then consider doing something with the new trend (i.e. get the hell out of dodge). Best thing to do is avoid VXX either short or long and let these ETF rip
I bought a few LEAP 2014 Options at a strike price of 5, for 8.60. I still think it's a good bet, but this is really gambling not investing no basis for this index. I mean the PMI was negative for two months, China is heading for a recession, and Europe is a mess. Plus we have a socialist president winning re-election, I would not be surprise to see a 20% crash post election if democrats win out.