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EPS100Momentum
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Author has a degree in Engineering and is an avid investor in the market. Experience in industrial materials and structures. In college studied atomic & nuclear physics as well as material engineering. Eastern European
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  • The safest sellside in the market? VXX 2 comments
    Nov 23, 2010 2:36 PM | about stocks: VXX, TNA, TZA, SPXL, SPXS, MIDZ, DOG, ERY, DTO, SQQQ

    Why? It goes down even on days the market is down modestly, VXX needs triple digit down days like today to go up and there are not many triple digit down days to get the trend in VXX to go up.

    Example on Nov. 12th when the market was near 11k on DJIA it was $48+ today the market is back to 11k on DJIA and its only at $44.92 , so its lost +$3/shr while the market has not gained at all in the same time frame. 

     

    It falls alot more on up days than it does on big down days and on just small down days it falls again.

    So basically you win 2 out of 3 times with VXX on the sellside.

    Stocks: VXX, TNA, TZA, SPXL, SPXS, MIDZ, DOG, ERY, DTO, SQQQ
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Comments (2)
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  • Brian Grad
    , contributor
    Comments (85) | Send Message
     
    see my earlier post for hard statistics
    23 Nov 2010, 03:53 PM Reply Like
  • EPS100Momentum
    , contributor
    Comments (46) | Send Message
     
    Author’s reply » VXX is now down -$10/shr in the last 6 trading days.
    As I said in the post above, the VXX is nothing but an ATM scam for hedge funds shorting it all the way back to single digits, then they do a reverse split and keep shorting it.

     

    finance.yahoo.com/q/hp...
    7 Dec 2010, 10:38 AM Reply Like
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