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Re: uranium-pinto-beans post# 110647

Thursday, 06/21/2012 9:28:25 AM

Thursday, June 21, 2012 9:28:25 AM

Post# of 364542
VXX is dangerous at these low levels. I used to love it for its wide moves, but now it feels very restricted. That being said, Calls on VXX look great, and I think the bottom is in myself. All the markets across the board drew a sell confirmed line for me, and VXX should go up alongside it. Problem is you hold lottos and that doesn't give you much time to move. Of course, all you need is a couple bucks on VXX. That could be EASY to achieve if we have two heavy down days. Just take "bottom" on vxx with a grain of salt. It will dwindle down to nothing until they have to reverse split. Any bottom is gonna be short term unless europe collapses or the earths hit by a meteor or aliens invade.

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