Seeking Alpha
  • Perkins Cove
    $UVXY, Help? On some thread I mentioned that $UVXY could get to $10 by Feb1. Unfortunatly I did not save that. Anybody have a link?
    1/17/13
    Reply (12)
    • Perkins Cove: TIA...gracious (sp)
      1/17/13
    • realornot: PC: This current down channel will end. A new bullish pattern is forming. I have patience and cash to hold out. I treat this as lotto hedge.
      1/17/13
    • realornot: I got in at 12.89 for this current adventure.
      1/17/13
    • Perkins Cove: Yup, it will end, rise, and then continue down to $5 where it will then again reverse split. Other than daytrading, the way to play (cont)
      1/17/13
    • Perkins Cove: (cont) this sucker is to short it just after splitting. However, some brokers do not allow both short and long of a stock/etf on their site
      1/17/13
    • realornot: ok, you are that bearish/bullish with the upcoming collapsing market.
      1/17/13
    • Perkins Cove: Keep that in mind when opening a second account. In this case, two different brokers may be a good idea. Cheers real, you're OK.
      1/17/13
    • realornot: I have 3 brokers. Yes, you need minimum of two brokers if you have different ideas to trade.
      1/17/13
    • Perkins Cove: real, I agree the market will go down, and the VIX and $UVXY will go up. I just don't know when.
      1/17/13
    • Perkins Cove: And therfore I will not allow contango to hurt me. Been there, done that.
      1/17/13
    • Perkins Cove: real, I think we agree on the market turning. It's just a matter of time. (plus you have more money than me......lol)
      1/17/13
    • realornot: yeah, I fell off the curbside dancing the contango before. I am learning the backward dancing now. Practice will make me almost perfect! :)
      1/17/13