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Off 75% YTD and trading below $10/share, the iPath S&P VIX ETN (VXX) will get a 1-for-4...

Off 75% YTD and trading below $10/share, the iPath S&P VIX ETN (VXX) will get a 1-for-4 reverse split on October 5, announces Barclays. Despite the price plunge steepening in past months, the ETN has managed to draw another $900M in AUM thus far in Q3.
Comments (6)
  • idkmybffjill
    , contributor
    Comments (1689) | Send Message
     
    my UVXY puts performed quite well last week :-)
    24 Sep 2012, 11:22 AM Reply Like
  • tdturbo
    , contributor
    Comments (3) | Send Message
     
    Your puts would have burned you this week.
    26 Sep 2012, 10:25 PM Reply Like
  • idkmybffjill
    , contributor
    Comments (1689) | Send Message
     
    I bought Sept puts last Monday and sold them for a 106% profit last Wednesday.
    27 Sep 2012, 11:11 AM Reply Like
  • tradeonline.ca
    , contributor
    Comments (15) | Send Message
     
    VXX needs to be labeled as "toxic for your portfolio". How many reverse splits for this dog?
    24 Sep 2012, 06:42 PM Reply Like
  • fabmarch53
    , contributor
    Comments (31) | Send Message
     
    ¨VXX needs to be labeled as "toxic for your portfolio". How many reverse splits for this dog? ¨

     

    Let´s see if and when Israel launches a preemptive attack on Iran and oil goes to $ 200 in one day.

     

    Then we will talk again about VXX ETN (despite permanent contango) and VIX ... Best regards.
    27 Sep 2012, 10:52 PM Reply Like
  • idkmybffjill
    , contributor
    Comments (1689) | Send Message
     
    And if that happens, then VXX will finally be at $0.50 from its original pre-adjusted price and even if it goes up a 10000% to $50, it'll still be worthless compared to where it used to be.
    28 Sep 2012, 08:41 AM Reply Like
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