Replies to post #2956 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[puckhead]

Is the media steering this ship?

http://money.cnn.com/2013/05/01/investing/stocks-markets/index.html

[eric4x]

New sell limits set, $6.75 and $8.00;*

This is about the best I can do right now, given my small trading account. The idea is to trade half, while holding the other half. I could sell half at $6.75 and buy back at $6.35; or maybe sell at $6.70 and buy back at $6.40; Then the $8 sell order would be lowered, and the new shares would go for the higher price, once the settlement date is reached.*

Even 30 cents seems to be a wide range here. This is about 5% (of $6), so it's more of a jump than it looks at first sight.*