gfp: I don't intend to hold SVIX for a long period. I just sold UVXY when I sensed the panic selling was dissipating. Right now we're in no man's land. The market wants to choose a direction. I think that direction will be flat to rising, which would benefit SVIX. I'm still in the green with it. I won't hold it beyond a 10% red situation. But until then I'll let it ride. I don't intend to get too greedy with it. If I can pull $4.00 a share profit out of it that would be nice. I still feel very strongly that the overall direction of the market is going to be down. 80% of our portfolio is long on the hard asset side. Miners. Energy. Etc.
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