Replies to post #10050 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[mrPiNK]

Very good point. Its a trade, not an investment. I read a good article today about how the only thing pushing the stock market higher is the Momo players. They don't care about anything but momentum. The SmartMoney began exiting two weeks ago. That is some of the volatility you saw. Low volume on the buying all day and heavy volume on the selling last 10 minutes. That tells me we should see some correction early next week. As such, I went in all the way on this baby this afternoon. Only thing that can happen over a weekend are politics and global events that can hurt the market, not help it. I may get bit but I'm playing the odds and the odds are we are very close to a correction. GLTA. This pig is Oversold and I'm in.

[tmorr55]

Weaz...I know what this fund is all about, decay, continual splits, betting against a market that never goes down, etc. It's always been whether or not you're lucky enough to be in it when a fear inspiring event happens, or when you can throw the kitchen sink at it and make .10 to .20 on a daytrade. So, you're preaching to the choir here, in my case. Having said that, it's hard not to dabble in it from time to time and by dabble, I mean in and out quickly. It's true that buying and holding this fund is usually a fools errand, no doubt.

[lifter]

it amazes me how many people here and stocktwits post uvxy but svxy is dormant. Its like trying to catch bigfoot when its elk season and you could be eating for days if you were not waiting for big foot to cross your sights. Only thing I would possibly do is buy out of the money calls while this thing is being destroyed and market at ATH and hope you get a spike. Otherwise SVXY or shorting uvxy with options or intrinsic has paid me handsomely