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Analog Devices, Inc. Message Board

  • dannynguyen76 dannynguyen76 Mar 26, 2013 4:06 PM Flag

    Anyone playing UVXY for the market pull back tomorrow??

    Anyone playing UVXY for the market pull back tomorrow??

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    • Well, it looks tempting, but I don't understand why you look at it backwards. You should be looking to short it or VXX yesterday, or whenever it spikes. Yesterday, I shorted 1500 VXX. Today covered for nice profit to start my day. If you go long, and it goes up, you have to sell it quickly and sell it short. Better off playing VXX, as it should have been down a dollar today with market up 112 points, and new all time high on Dow & S&P for the first time. S&P pulled back though. This market is perfect for shorting individual stocks, because they all gap up in the A.M., then you knock them back down. BBY finally crashed, but rallied almost 50 cents off it's lows due to melt up. Melt up cost me $600 today, probably more as it held NFLX up too. If you're going to go long volatility, go long UVXY but be prepared to take a 30 cent profit fast, probably in pre-market. I think the play here is DGAZ. I'm shocked by how much UGAZ went up today. They will take profits tomorrow. Only obstacle is draw on Thursday, and Friday is holiday. So, over 3 day weekend, weather will warm up. Have to make a move by tomorrow or Thursday. The whole dynamics of NG may have changed with new Energy Secretary coming in. That is the unknown here, but technically, it shouldn't be @ this price. By next Monday, it might be too late to short NG. I'm looking to get in tomorrow if these prices hold. Winter is technically over, but you would never know it by snow and temperatures around the country. We have a cold front coming, and I am in Miami Beach!

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