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eric4x

12/07/12 3:09 AM

#1171 RE: The cook #1170

Ready to buy UVXY, but at what price?*

I expect UVXY to go back up soon, at least up to $22. That means that I should be willing to buy at $20. But the last time I sold (too soon) at $19.60; I would rather not pay more than I sold it for. If we get a market rally of any kind, that should bring UVXY down to $19 or less. This time around, I am hoping to catch it before it slips away from me again.*

Regarding the link:

http://m.minyanville.com/mv-news/2012/12/06/vix-call-buying-at-record-levels/

I don't see what this is supposed to show. I even stretched out the image to get a better view, and I still don't see the connection between graphs.*

According to the article: "Currently, few expect a decline in volatility, which means lower volatility is likely ahead." What is THAT supposed to mean? It goes down only when nobody expects it to go down?*

I'll bet on the fiscal cliff holding up the volatility numbers. I have made as many mistakes by taking other people's advice as I have by ignoring it, so again I'm left to do my own thinking. Most of this "expert analysis" tells us only what happened AFTER it happened. When it comes to predicting events, it seems like nobody really knows anything. (At least, nobody is right all the time).*

But you say nothing of your own trading activity. Are you buying something, or selling something, or intending to buy or sell?*

http://image.minyanville.com/assets/FCK_Jan2011/images/Liz%20Nov%202012/vix_volume1.png