Hahahahahahahahaha.....let me guess! You and monster guy sold yesterday at $47.50
Am I right or am I right?
UVXY should easily touch $10 by December and another split by January-February
If you keep an eye on the back month you'll see that it stays 'frozen' for about 3-4 days and then it starts following the front month. Meanwhile, if the spot, let's say, drops 20%, the front month will follow right away. That's why we get, once in a while, 30-35% daily drops in UVXY. Those are the days UVXY is a true 2x ETF
That's what bush said seven times when the debt ceiling had been raised by the same people in congress.
What are we gonna do? Default?
I'm not saying this is over but once the debt ceiling is solved, I expect UVXY to drop 70-80% by the end of the year. We all know there won't be any tapering this year and I don't see anything else to derail the markets.
It didn't go to 33.
It closed at $28, after hours went close to $30 and the closing NAV was 33.54. Next day it dropped 35% from its NAV and closed at 20.xx
Four weeks later was $10.xx
Don't get your hopes too high. The day there is a debt ceiling deal, UVXY will drop 50%
Today, in only one hour it dropped 15% from the high
Let put it this way. Futures are in backwardation and this pos barely stays green. I take it you know what backwardation is
Where is he now? How many did he put in the poor house this time?
For people following his disastrous advice, he rode UVXY from $2500 all the way down to $100 screaming how bad will the market be hit and how much money will he make. Poor guy, always on the wrong side of the trade.
What iß o special about the third Tuesday of the month? Why not down 70% this year! or down 99.999% since inception? Or down 80% since you went long?