Seeking Alpha
  • Duke67
    Folks, last week right before 6:1 rev split I hold UVXY after close and I couldn't sell it AH.
    3/13/12
    Reply (9)
    • Duke67: Neither I could sell it next day because Schwab did not recognize it. Overall I lost some 20%.
      3/13/12
    • Duke67: Do I have any chance asking them to help me cover the loss? Any idea? THX.
      3/13/12
    • Financial Insights: Depends on how much money you have in your account. I doubt it though.
      3/13/12
    • SobaNoodle: Cover the loss? Good luck with that one. You'll have better luck asking Obama, he likes to reward people's bad investment decisions.
      3/13/12
    • Market Maven: cover what loss? it's a reverse split - what am i missing here?
      3/13/12
    • Duke67: OK, so what I've learned from that is: Never touch leveraged ETFs before split, because your stock may be inaccessible even for 2 days...
      3/13/12
    • Perkins Cove: Sorry for your loss. If you have sold, your screwed. If you have not sold, hold. It may take a while, but the Vix will rise again. Patience.
      3/13/12
    • Perkins Cove: Duke67, you got that right. I stayed away just because of the upcoming split.
      3/13/12
    • Duke67: Perkins Cove, thanks, this was my first split while holding overnight. I'll be much more cautious next time.
      3/13/12