Seeking Alpha
  • Ocean Man
    I should have never shorted VXX!! Up 300%! Oh, the humanity! I'm finished!
    10/5/12
    Reply (19)
    • TruffelPig: LOL = the inverse split came I guess. 1:4?
      10/5/12
    • Mercy Jimenez: Yes and the inverse split came on SDS also - glad I'm out.
      10/5/12
    • Perkins Cove: It's been nice knowin' ya OM....lol
      10/5/12
    • TruffelPig: Actually OM you are up 1% PM on your shorts :).
      10/5/12
    • johnybutts: Lol, I tried the volatility game. Never again. Worth my peace of mind just to do my homework and pick good companies.
      10/5/12
    • Rubenov: My account still hasn't updated the change in options, so I'm sitting in on a 40k loss and a margin call until they fixt it. (!!!)
      10/5/12
    • Rubenov: SVXY shorts, actually.
      10/5/12
    • Perkins Cove: Seriously, Kudos to OM and all the other SA contributors , especially Josh Krause and Richard Bloch, for teaching all of us about the VIX.
      10/5/12
    • TruffelPig: @Rubenov - still going on margin? I am always having cash on hand these days.
      10/5/12
    • det9: I have never been in that situation.I was under the impression that if you shorted 100 shares and reverse split happens you own 25 only
      10/5/12
    • det9: Isnt thar right...Covered my VXX short 3 days ago
      10/5/12
    • det9: What is with SVXY though?
      10/5/12
    • Ocean Man: You're correct det, I was joking.
      10/5/12
    • det9: OM: I shorted at 33.49 again..Day trading is the plan..
      10/5/12
    • det9: I think SVXY did the opposite....2:1 I think..
      10/5/12
    • Clayton Rulli: HAHA! you scared me!
      10/5/12
    • adawg304: haha funny.
      10/5/12
    • Ocean Man: My adjusted price is now short from 38.20.
      10/5/12
    • adawg304: I can actually hear you -- laughing all the way to the bank.
      10/5/12
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