Where did you find this out? I assume this will be very small?
I would say that there is a better chance than usual of an upward move here. However, I think you have to be crazy to try to hold this and hope.
It is a matter of understanding that we will probably lose all our money but our expected value is very high. Kind of situation I took a 2 percent position. I don't think which market it is on had any influence on the price. I bought more at 3.65 as things haven't changed. This thing is amazingly leveraged so we could have another big move tomorrow.
Does feel like we will see another pop to around 50. Depends on if we go down slowly or quickly. If we go down slow VXX won't go down much.
I don't think anything happened with the company. Most likely something with a competitor or some type of new regulation.
I've been reading on message boards about people being charged on their cc's when they sign up for a free month of premium service. Sounds like an unethical way to make money.
Stay short this position forever. You will make a lot of money that way over the next couple of years.
Got it at Goldman a couple of days ago. Should show up today at Ameritrade. The value of your AAMR stock is up about 25% since the merger because of the leverage.
The value of your AAMR shares are up about 25% since the merger. The reason is that as AAL goes up they need less money to pay off the debtors. This leaves a lot more for you. My guess is that when AAL goes up 1% your AAMRQ goes up by about 3%.