General Stock Ideas

[food4thought]

Bigworld,
I put a short on VXX(3000 shares) at market open on Friday... a risky play and they were hard to get. VXX is shorted heavily which scares me a bit to hold. If the market plunges for some reason I will get caught in a massive short squeeze. I was planning on holding thru Tuesday. VXX didn't react nearly as negatively as the VIX on Friday which was disappointing. I was looking for a quick trade expecting a fair bounce off the 200 DMA. The late day rally looks like a head fake though and I may get trapped here. I am reentering all my shorts if the bounce comes. It was a risky trade but felt like the right time. It appears we are in the eye of the storm and darker days are ahead. With all the negative sentiment though a short market rally wouldn't surprise me to bring more bag holders back into the market.... the simple reason I shorted VXX. Mondays and Tuesdays have been recently bullish so I'm going to let it ride. If it hits 28 I'm out. Either way I'll be out by Wed afternoon.