iPath S&P 500 VIX Short-Term Futures ETN (VXX)

[risk on]

The reason this is a lousy long term hold has TO do the time decay, and the fees direxion charges TI maintain the etf. I always buy very few calls here cause its such a loser and it is indeed a gamble , but , and this IS IMPORTANT , it does have patterns exhibited prior TI a move . And those " MOVES " are the real reason we love this POS . The timing of those moves is why we hate this POS!