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VXX
- Thread starter divivinc
- Start date
Birchtree
TSP Talk Royalty
- Reaction score
- 143
If you got money to throw away why not. I believe however that the VXX will be heading lower and your money will disappear. It already had a short term move today to 32.28. But that was probably all emotion. There is much more fun left in the bull yet.
- Reaction score
- 2,455
VXX has got to be the biggest rip off on Wall Street. I know it involves contango, but really? It is supposed to move with the VIX.
Like a fool (fool me once, shame on you, twice ... me) I bought VXX last week when the VIX hit new lows, looking for a pop in the VIX this week. The VIX is up 8% today. I should be sitting pretty with that trade. The VXX? Down 0.20%. Unreal.
I feel like I'm being robbed! Anyone here work for the SEC?
Like a fool (fool me once, shame on you, twice ... me) I bought VXX last week when the VIX hit new lows, looking for a pop in the VIX this week. The VIX is up 8% today. I should be sitting pretty with that trade. The VXX? Down 0.20%. Unreal.
I feel like I'm being robbed! Anyone here work for the SEC?
