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ProShares Ultra VIX Short-Term Futures Message Board

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  • beach_bash_today beach_bash_today May 23, 2012 8:49 PM Flag

    Ralph - are you hanging tough?

    Hi Ralph - fellow Ft Lauderdale resident

    Do you think, forecast a 14 handle on UVXY?

    Good to have the Air & Sea Show back - nothing like the practice sessions over Coral Ridge!

    Anyhow i have a GTC for Uvxy at 14 - we'll see if it hits.


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    • Hey Beach,

      Nice to have a neighbor on board!!!

      I was very glad to see the Air & Sea show back.

      There is also a large beach party this weekend at Las Olas. Should be a blast!!!

      The way this market has been seesawing, it now depends (for the moment) what happens overseas. If the Europeans can fix their problems, the market will shoot much higher and this ETF will be much lower.

      If we get negative news, the opposite will happen.

      Time will tell...

      • 1 Reply to ralphjlindblom
      • Hey, Ralph - fancy meeting you here.

        Not to speak for Ms. P, who's deeply knowledgeable on these matters, but having extensively played SKF in another life I just wanted to remind you of the obvious: leveraged ETF's are not to be held for the long term. As I know you're both aware. The time decay because of market fluctuations and the daily ETF reset chisels away at your core value like a mob loanshark. These can be great short term trade vehicles if you've got the stomach, but that's it.

        Just my nosy two cents. That is all.

29.49-0.14(-0.47%)2:14 PMEDT