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iPath S&P 500 VIX ST Futures ETN Message Board

  • nomoredns nomoredns Nov 3, 2012 12:03 PM Flag

    Hamrick- I am back in this thing!

    I keep getting shaken out and then buying higher than I sold. In this way I have "averaged up" from 45 to 47. It seems like 47 is a fairly good target for us to hit in the next couple months or so, do you agree? The net asset value closed at 35.60 which means that's only 30% rise. Probably need spot VIX to go up 55%, in other words to 26 or 27 in the next couple months. How realistic in your view?

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    • My system still has me out and will for at least a couple more weeks BUT I would never, ever go long VXX UNLESS we had backwardation AND even then only after the initial pullback AND with a tight stop.

      If you must express a bearish outlook at this time you should simply be short the market. You are still facing a 1% per week negative roll yield on a long VXX. Better odds at blackjack. I would not use index puts here because while out month expirations are cheap most strikes are deteriorating at roughly the same rate as VXX.

    • The market should rally after election. Personal I think Obama is better for the market. I know this is contrary to popular opinions. Spending not austerity is good for the market.

      Sentiment: Strong Sell

    • Go to the Barclays website and read the risks associated with the VXX ETF. It will blow your mind how bad an investment this is for anyone buying and holding this for more than a couple days.

      If you don't do your own due diligence you might as well light your money on fire.

    • You do understand after the election on Tuesday this will drop at least $5. Do you not understand that the conclusion of the election removes uncertainty and therefore removes fear from the market? VXX will be in a decline until November 19th and then people will focus on the fiscal cliff and get all worked up for a couple weeks until the media gets tired of talking about it.

      P.S. There is no fear in December everyone is in the Christmas spirit or on vacation...

      If you haven't taken the time to look at a chart of the VXX and you can't understand how this works you are in big trouble. You already seem to be way overinvested in this constant declining ETF so you think by convincing others to join you in your demise you will accomplish something.

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