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ProShares Ultra VIX Short-Term Futures Message Board

razie1962 16 posts  |  Last Activity: Aug 19, 2014 5:37 PM Member since: Dec 19, 2012
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  • razie1962 razie1962 Aug 19, 2014 5:37 PM Flag

    I didn't make any plays today just wasn't sure. I had opportunity for some short shares just didn't think it was the right time. I have a gut feeling that Friday after yellen speaks it will move up and close at the weeks high late day. Again I have nothing backing this feeling up just a gut feeling.

  • Reply to

    Finally short shares available

    by razie1962 Aug 19, 2014 11:03 AM
    razie1962 razie1962 Aug 19, 2014 11:18 AM Flag

    Well I got out of some shares last week I was heavy in and ended up buying them back. I own 1000@28.44 1000@29.50 1000@29.00 1000@31.50 and 1200@33.00 then right before market slide back up about a week and a half ago I ended up with 1000@37.18. I felt safe there feeling I owned it less then some 38.00 shares I Had just dusted. Basically I bought it all the way down. I was not able to short it and in my mind and I should know better I felt that we were over the 20/s I felt it was going to stay in the 30's a while longer. I now see some shorts available I just kind of feel this will bump up in the mid up 20's. I trade like this if I am home I try to buy the dips a little so I will generally grab 1000 shares at a time let it move 40-50 cents and sell it and re buy it in a perfect world it moves up and down all day and I can bang out a few bucks. Sadly sometimes I get stuck in a few shares with the bounces and that's where I am again. Trust me I know I screwed up I just really wish I was able to grab some of the shares to short in the 30's but its so much easier to know what to do after the fact.

  • My trading company finally has short shares available and now its so low I don't have the nerve to short here. I kept trying all in the 30's I have to say it will probably go lower but I just don't have the stones to short here. Probably be regretting this opportunity later. The same as the feeling I have for owning long 3200 shares in the 28.50-30.50 range. I know Remate and King say short at any level but the 52 week low seems scary.

  • Reply to

    HOD 30.85

    by bocordee Aug 13, 2014 11:24 AM
    razie1962 razie1962 Aug 13, 2014 10:20 PM Flag

    Sorry I didn't realize you were being facetious. I was so happy to read somebody thought it was going to bounce back up. I was like 35 is a bit steep but heck I will take 31 all day long. My apologies... I do hope something turns it the other way in the am.

  • Reply to

    HOD 30.85

    by bocordee Aug 13, 2014 11:24 AM
    razie1962 razie1962 Aug 13, 2014 3:16 PM Flag

    Remate your in that makes me feel better. I grabbed some all the way down yesterday and today hopefully it rebounds a slight bit. I think I own at 31.50 and at 29.50 and 29.00. I grabbed a quick 1000 shares this morning at 29.50 and sold at 30.00 was hoping to keep doing that all day but it went further down. I think I am going to hang right here and wait for a bounce back..

  • Reply to

    King fisher

    by dannofiveooh Aug 7, 2014 2:13 PM
    razie1962 razie1962 Aug 7, 2014 3:15 PM Flag

    I just feel with the greed factor and no where else to put there money that until significant changes that's about the bottom this year. I may be wrong but I think this market is too powered with greed at this point.

  • Reply to

    King fisher

    by dannofiveooh Aug 7, 2014 2:13 PM
    razie1962 razie1962 Aug 7, 2014 2:26 PM Flag

    In King and Remate's defense even if they did they will be fine. Lets face it if the S&P went to 1800 which I think it will retract to that and this went again up another 12 bucks to lets say 48.50-50.00 which should be about the mark. This will decay or whatever it does on a daily basis and would eventually meet their numbers. Lets face it they are both right on in the evaluation of this stock. I seriously doubt the S&P will ever get below 1800 because people in the market just will want to enter again. These are my thoughts. I still say short the bounces and long the dips and never stay in too long take your profit and run.. I would rather trade in .30 cent increments all day long verses taking a chance on the big kill and ending up killed.

  • Reply to

    55.55 coming 37,36,35,34,33 and

    by razie1962 Aug 6, 2014 12:03 PM
    razie1962 razie1962 Aug 6, 2014 12:06 PM Flag

    I meant covered my short today. Sorry..

  • Not sure nomoredns. Seems to be heading back down.I dusted my short today and grabbed a few long again seem to be on the wrong side of this.

  • I sold too early thought I was executed after yesterdays pullback. I then shorted way too early. I wish I had stayed 3 dollars longer and shorted there but oh well. I know nailing it perfect is impossible but like to be at least in the same ballpark... How did you guys do today??? I shorted at 34 btw so you know why I am stressed with myself. I am happy there were sort shares available though wish I had snagged them at 37. Oh well tomorrow is another day. Just a question to Nomoredns why are you infatuated with 55.55?

  • I am hoping that market rebounds a little and UVXY to drop slightly. I sold my shares Thursday and bought small portions on Friday and got out. I would like to get back in. I tried all day Friday to short I am thinking this will pull back Monday. I wasn't able to grab any short shares. What are the thoughts of others? Are you guys thinking a morning pullback or up or a straight back down day for this. Just curious of any thoughts.

  • Reply to

    55.55 not today... 28.50 on its way

    by razie1962 Aug 1, 2014 10:05 AM
    razie1962 razie1962 Aug 1, 2014 12:48 PM Flag

    I was wrong I thought this thing would slide down all day. I really didn't see it moving this far up. I wish I had bought more this morning I grabbed some at 30.00 and then 31.50 and 31.90. Sadly I sold way too quick. I get nervous holding this thing too long after what happened to me last year. I keep trying to short it but cant get any short shares. Love to have shorted it at 35.00. I still think this isn't the big end for the market I see this going back down and the market regaining its losses next week..

  • sorry 55.55 isn't looking good nomoredns. I think we are looking more like 28.50 today.

  • Reply to

    Is 96.6 feasible?

    by emtakool Jul 28, 2014 1:41 PM
    razie1962 razie1962 Jul 28, 2014 1:57 PM Flag

    I am in exactly the same position that you are. I am going to look for a little more of a pullback so its not as much to make up long. I have been long and short in this for the last few weeks. I got nailed like you did so I know how you feel. I do believe that because we are a ways out on the I 6 and market is kinda of teetering I think you may get a little pull back and get out. I think the key is not to get greedy shorting just use day highs to make a few bucks. The old rule never short a good stock. This is an amazing stock so that is my logic hope its helpful.

  • razie1962 by razie1962 Jul 7, 2014 5:16 PM Flag

    Dang I shorted a quick 4000 shares about 95.22 thinking I would make a quick buck and it just kept climbing. Yikes... Hopefully it will get out tomorrow in a mid day pullback.

  • Reply to

    What should I do with UVXY?

    by ongrichar Jun 30, 2014 5:20 AM
    razie1962 razie1962 Jun 30, 2014 1:23 PM Flag

    I was in a similar situation at the beginning of 2013 I owned way too much of this at like 32.00 I was real close to getting out and had ben advised by King and a few others here to just take the loss and jump back in at another time. I waited and within the first few days of 2013 it fell beyond belief. I think I ended up taking about a 210K loss all together and it really sucked. I tried shorting and couldn't locate shares and really wasn't versed enough to buy puts or other things suggested to me to make up the loss. Just from my experience sometimes its better just to take a loss and work hard to recoup it later. Its a tough thing to do and no one ever wants to get beaten and loose but sometimes its better to just cut your loss. I sure wish I had days earlier. Again I feel your pain and didn't exactly practice what I am preaching but this is a very weird market and as we all think its got to pop and this will flourish it just hasn't happened yet. Also this has a decay or decline of value small amounts daily regardless of volatility. I later shorted this and made a few trades long to recoup a small portion of my losses but never became flush. I think using caution in any trade and as I was told never hold overnight you can always buy again. I hope this is somewhat helpful..

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