I asked the question about "where to from here" for VXX after its recent slide. I happened to buy several times on the way down, but unfortunately in the low 29's. I don't mind holding the shares for a time and am not looking to make a killing at all...would be glad to break even, actually, and invest in other things. The question is how long do you think it will take for VXX to get even into the high 28s (or low 29s)? A big part of me would like to sell it off now and be actively investing rather than have the $ tied up for days/weeks (or longer?). Is it possible we'll see 28.75-29.25 in the next week?
We could see 29s tomorrow. VIX is still relatively low. If market is going to make another sustainable move upwards, VIX will need to rise as there is too much VIX support at 14. Plus the market is having trouble getting past 1465, which is near the multi-year highs, and as per yesterday when I noticed that the S&P closed above its upper Bollinger Band, I feel the market will need some time to consolidate the 1440-1460 area before moving upward. So the market should sell off about 1 or 1.5% before making its next move upward and resuming it's uptrend. However, I could very well be wrong and it's really up to you as to when you want to sell because nobody knows what tomorrow will bring.
are you kidding me?
VXX only goes down, especially when vix is below 20, and it's at 14 right now.
VXX will get below 20 in a few months!!!
Your best hope is Europe going up in smoke... which not likely to happen soon.
VXX is for a day trade only.
if you hold it for a long term wishing it would go up, you will lose all your money.
do not invest in VXX. VXX is not like a stock.
VIX is in contango, and very dangerous to hold.
it will get halved if VIX stay where it is for even a couple of month.
Sentiment: Strong Sell
You will see 32 *possibly* when they do the next reverse split but only if they reverse it enough to take it up to 40.
Understand- the window for seeing over 30 is now closed because of decay. The best you could ever hope for in a million billion years is $28 and that window looks like it will be slammed shut today.
timmy. h clearly are new to this investment vehicle if ur asking questions like that. if u dont know what contango, backwardation, an r/s, spot vix futures, and the vix historical patterns are you should not have looked at it in the first place. this is an etn scam. vxx can go down in a down, up, and sideways market. it takes huge violent vix spikes to move vxx. its dead money. only way to make money off it is to buy puts on vxx or short it. do not buy it and do not ever hold it.