Let's say for argument's sake someone approaches you, and tells you if you don't double your account value in 24 months or less, you will be killed. How would you do this? Trade UNG? UGAZ?
There's no way it goes under a dollar or any nonsense.
I believe he said very recently that he had most of his shares (as in earlier this week). Now, he could have sold the last few days I grant you that. God, please let this POS get to 4 just once- this is the worst investment of all time.
You luckily bought lower than most, 30,000 shares is killing me, I was so happy with nice up day yesterday even though we are still down so much, I never imagine we would drop so much today.
How you can say "definitely" when so many big guys like Einhorn are in this? Also- pennies? The most bearish analyst that came out talking about liquidity events had a price target of $2, which is not pennies! I hope you are wrong, this just gets worse and worse daily.
I have given up on breaking even by now- just don't want to sell here- even if it went to 2 first, is there any hope it goes to 4 or is the game over?
Do you own this stock at present? How many shares? This has been devastating- cannot stand much more. It's amazing the perspective can change, when this was $10 I never would have thought I be so happy about a rise to 3.25 yesterday- now we give it back and then some... cannot stand much more.
If it hits 2.50, I can buy a bunch of shares and get my cost down to 2.80 area. I was thinking the December 3 calls would be 50 cents at that time, so I could get cost to 2.30, but I would have to hold for 4 weeks. How bad of an idea is this? I guess if it ran to 5 or 6 I would miss most of the upside but right now the terror of loss is too much.
Getting sick of this one.
I like it! Underloved stock!
I'm not interested in the past. Are you saying it is not a good buy at 6.84? Based on what? Who would short down here? Downside at the most another dollar, and could be back 12-14 with decent news.
I note also, the December $5 puts, with only 31 days to expiration, are trading for 35 cents, which seems pretty high and as though someone is expecting some news to come out which could largely impact the price?
I would not expect VXX go much higher than 23 Monday, but who knows? Could even open down since like you said things calmed down so much. Lot of uncertainty in the market right now about the economy and the Fed so that may put a floor under VXX as well.