VXX

renman95 · March 28, 2012 4:06AM

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

derryb · March 28, 2012 9:43AM

let me know if the water is cold.

ricko · March 29, 2012 12:44AM

How deep is the water??? Cheers, RickO

renman95 · March 29, 2012 2:02AM

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

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

jmski52 · March 29, 2012 2:12AM

renman95 · March 29, 2012 3:00AM

Up 4.2% today, thus far @ 18.06.

jmski52 · March 29, 2012 3:26AM

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

(jmski too clumsey for eggs to handle!)

renman95 · March 29, 2012 3:31AM

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

derryb · March 29, 2012 4:04AM

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 · March 29, 2012 5:20AM

<< <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 · March 29, 2012 5:24AM

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 · March 29, 2012 5:38AM

<< <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 · April 10, 2012 6:31AM

derryb · April 10, 2012 6:33AM

good call.

VXX

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