Seeking Alpha
  • Ocean Man
    Note that $VXX is higher right now than it was at 12:45 when $SPY was at $152.35.
    2/28/13
    Reply (16)
    • Perkins Cove: Meanwhile... at the 'ol VIX casino, Paul Fredrickson, aka the "Sleeping Bernank" is holding a pair of 9's. In @ $10.10.....
      2/28/13
    • Perkins Cove: ....should he hold...or fold?....http://seekingalpha.com/s/cbbr5
      2/28/13
    • Paul Frederickson: I'm surprised $UVXY has had a ceiling of 10.15 in the past couple of hours and even more surprised it's not below 10...
      2/28/13
    • Paul Frederickson: errrr floor*
      2/28/13
    • Perkins Cove: All in fun Paul.....thanks for being a good sport.....[IMG]http://bit.ly/XPxVXX[/IMG]
      2/28/13
    • Perkins Cove: So Paul....still in....? And was I right about the "9s"....?
      2/28/13
    • Paul Frederickson: Still in. Does it make me dumb money if I'm holding it overnight or smart money because that isn't what people expect? Either way it's been
      2/28/13
    • Paul Frederickson: a learning experience
      2/28/13
    • Perkins Cove: I do not leave the VIX table anymore in the evening without cashing out. When I have held overnight is when I have been burned. Badly.
      2/28/13
    • Perkins Cove: Since you are still in....hold until the close, without going underwater. There may be a spike in the VIX because of the Sequestration.
      2/28/13
    • Perkins Cove: Hold your cards close to your vest......any gain is a win.
      2/28/13
    • Paul Frederickson: Thanks for the advice, I'll let you know what I do
      2/28/13
    • Ocean Man: See, that ol' VXX gives you clues!
      2/28/13
    • Paul Frederickson: Sold my UVXY that I purchased today. 10.10 -> 10.75 for a gain of 6.4%
      2/28/13
    • Paul Frederickson: Doh, now it's 0.20 higher... Oh well
      2/28/13
    • pollyserial: I sold mine at 10.40, double doh.
      2/28/13
      From other sites