VXX was flat during that time. Short all 30 cent pops.
TDA only has 10K shares of VXX to short right now. I used to be able to short a lot more than that, but I guess everyone and their mother is shorting it now. Not sure how you will short this when you decide to short it.
I remember you were always saying you'd sell all your BBRY around 21. Is that still your plan or will you hold for higher than that?
Well SPY did go green a few minutes ago and now its heading south so I just covered my VXX short for a pretty good profit. Hope everyone else did well.
I'm thinking there won't be a correction in May this year. We've had a correction the last three Mays and it just seems the market isn't so predictable that it would happen once again. Everyone is waiting for the correction next month, so the market will probably hit 1650 and VXX hits 16 in May. Then maybe in June or July the correction finally starts after all the shorts have been killed.
I must have tried 10 times to short this thing over 20.90 today and TDA canceled all my orders saying no shares were available to short. I did get 2 fills in the 20.80s though.
Yeah I wouldn't recommend heavy margin if you're going to short and hold long-term. I do a lot of daytrading though and use stops to protect myself, so it's OK.
Oh it would be great if the market gaps down Monday morning and VXX gaps up. Based on what I see from the chart, I think there's a good chance the market would reverse and turn green. So I would go on heavy margin and short VXX if it gaps up on Monday.
They are so close to taking out the all time high on SPX, that they will do it. Then they will take it a little higher to make people think it's a breakout. Then at that point, VXX will be in the 18s and it MIGHT be ok to try a long.