you know the thing that is a derivative of a derivative of a derivative. You know the thing that when you look at a 5 year chart you realize is not an investment that should be a buy and hold. You know the thing that if you don't time perfectly will drop 10% to 20% in a couple days as you scramble to get your money out.
You guys keep hoping for that 5% pop but we all know that sometime over the next two months the bottom will fall out of the VXX and if you are the last one out the door you will never see your money again.
All you have to do is look at a 2 year chart to realize that buying at these levels and praying for a $2 to $4 pop is not worth that chance of this dropping $5 to $10 in a couple days.
Coming to a ticker near you!
Bagholders: Someone who is buying VXX above $42 when it's only worth $36.
The only thing that has kept this product alive is reverse splits and suckers.
That's their way of luring in buyers, make it look like it's never going down again and then all of a sudden the bagholders wake up one day soon and it's down 10% from 2 months worth of Contango.
I wouldn't be buying something above $42 that should be at $36 right now. That's playing with fire!
You bought March $55 Calls you clown! Apparently you should have looked at a 2 year chart before buying Calls or getting long this ever decreasing product. Look up VXX Contango on the interweb and then get back to me. Until then stop posting about your $55 Calls that are going to expire worthless.
You heard of Contango? VXX is designed to go to zero and you want to buy and hold for two months??? Look at a one year chart and tell me how buy and hold is a good strategy?
I can see the hedge funds now complaining about being stuck long the VXX. The first week of the month always hurts the most! Don't be the last one out the door!
Watch the stampede for the door once they stop artificially supporting it. Could easily hit $36 by March 14th and $23 by September.
The S&P makes a full recovery and this thing even with Contango is still above $42. That's about as crooked as it gets.
One look at the greaseball CEO and you know he will have no problem getting his and leaving the rest of the people holding the bag.
This will be the first of many dilution events.
Dilution is the nake of the game in biotech. Its just a matter of time before they decide to dilute this over priced stock to take advantage of this once in a lifetime gift.