VXX

renman95

It may be time to jump in. I think I'll get my toes wet first.

derryb

let me know if the water is cold.

ricko

How deep is the water??? Cheers, RickO

renman95

<< <i>How deep is the water??? Cheers, RickO >>



Only 18 inches deep. Six months ago it was 50 inches deep.

jmski52

renman95

Up 4.2% today, thus far @ 18.06.

jmski52

Comrade! Is good to see you watching your eggs closely!!! Is leverage, yes?

(jmski too clumsey for eggs to handle!)

renman95

I just break eggs....three for late morning omelette with two cheeses, sautéed veggies and jalapeños. Is good for colon, hahaha.

derryb

FWIW, my success with VXX is in a downward SP500 movement. Greater the movement, the better the price rise with VXX. For that reason I avoid VXX in SP500 upswings.

renman95

<< <i>FWIW, my success with VXX is in a downward SP500 movement. Greater the movement, the better the price rise with VXX. For that reason I avoid VXX in SP500 upswings. >>



Thankx, I may be a bit early....

I'm looking at the 40 week avg on the SP500 and it looks like it may begin to cross over to the downside. I know it seems contrary to QE3 and election-year politics but I think there will be an early correction and then a resumption of the manufactured bull late summer.

derryb

VXX works best with quick ins and outs never more than a day or two, unless of cours the market sees a panic sell. in that case ride it as long as it performs.

renman95

<< <i>VXX works best with quick ins and outs never more than a day or two, unless of cours the market sees a panic sell. in that case ride it as long as it performs. >>



thx, again. (Every day is a learning experience.)

renman95

derryb

good call.