So they have 1 chance in 5000 of survival.
Wasn't me. I don't really understand that trade. Less than 100% gain even if UVXY goes to a penny.
Why sell at Nas 5000 when you can sell at 10,000 in 3 years? Or just short VXX. I entered today 200% short VXX after being 375% short at one point yesterday. The Fed broke the market so the market will never reflect reality again!
I'm not sure if you're new to this product or not. Just want to remind you that it can never hit $2 again.
I don't need to think about why VXX is dropping, I already know. Permanent disconnect between the stock market and underlying fundamentals.
I think you will see more QE. Fed was miffed by October drop and is not interested in a repeat. Of course I agree with those who say this is a bubble and the real economy probably is screwed for years. Means nothing to stock prices. I am just saying stock prices no longer reflect what's happening in the economy.
lol, I'm only short about 80K shares of VXX- not enough to even put a dent in the market. I'm a small fry.
You refused the bet. You refuse to state your cost basis in VXX. It's OK to lie to us, just don't lie to yourself.