ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[eric4x]

It looks like 'Backwardation to the Future!'*

I guess I got stuck being a "bagholder" with XIV. Here is an article written by Jay Wolberg, dated April 17th:

http://seekingalpha.com/article/1347481-the-xiv-when-a-sure-thing-goes-bad?source=yahoo

He says, "I have no positions in any stocks mentioned, but may initiate a short position in XIV over the next 72 hours." A SHORT POSITION IN XIV!*

"Today we saw a shift in the flattening of the term structure which should signal a very loud caution."*

"Exiting long XIV positions when the term structure flattens, before a move to backwardation, can help you avoid these losses."*

I have a sell limit set for $22, but I can't sell ALL of it until my 2nd settlement date on Monday. After I sell this, then maybe I should go back into UVXY. I've been sticking with UVXY for all this time. Maybe I should give it another chance. As they say, "Dance with the girl you brought."*