Replies to post #2718 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[lifter]

aapl might dissapoint giving the vix a jump or bernanke possibly leaving leaving ?s about the printing press http://www.barchart.com/headlines/story/9684837/bernanke-to-miss-conference-hinting-at-departure
but do not see anything else this week that stops contango but Ray or doc are definitely the voices of clarity here IMO

[T-R1]

Eric, why don't you get a margin account?
You don't have to use margin buying power... It'll just let you buy without waiting for the settlement.

[CowBoE]

China just posted weak PMI and its tanking most of the Asian market
and commodity futures.

Shanghai composite is down more than 2%.

I suspect Europe will drop about .5 to 1% tomorrow ahead of US
market open, and US will drop about .05 to 1% as well.

We might see UVXY get back up to high $7s to low $8s.

But then...we've got many hours before US market opens
so a lot could change by then.

APPL's earning is going to impact US market big time tomorrow
one way or another.

[eric4x]

BOUGHT UVXY at MARKET PRICE, $6.31;*

I feel like I have to buy some at these prices. It seems to be creeping down slowly. I don't want to wait all day for it to drop a few more pennies, or risk missing it.*

This is only half the money, so I still have more if I need to average down. There are no more buy orders set. I'll think about setting a sell limit on Thursday.*

The order was filled at 11:30:03 AM.*