quick little 5%.
I don't understand. It seems like UVXY should sell off regardless of the outcome.
Oil is about where it was in January 2015 (almost exactly). SCO has gone up from 75 to 80 in that period, while UCO has dropped from about 50 to the current 13.24. Wow!!!!!
You seem to be the guy with the answers, do you understand it?
I need a miracle now. That $5 seemed so close this morning and right now it's making me sick to even look. Is there even any news out.
Half my money is in at 5. If it hits 2, I will put the rest in and have cost basis of 3.50. Let's see how it goes.
Spike it above 5 and I'm gone and thankful to break even, but cannot see it happening.
My squeal point is around $2.50. Went from 5.5 to 3.50 in a week, similar percentage move and we're at 2.25 in another week. The company is forcing us to conclude the business is dead.
I hope that if there is indeed material non-public info driving the continued move lower we will get some recovery from the lawsuits.