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BETAPRO SP500 VIX ST FTRS 2X DLY BULL T.HVU



TSX:HVU - Post by User

Comment by RichyRich$on Jan 22, 2014 9:15pm
75 Views
Post# 22123217

RE:RE:RE:RE:RE:One More Batch of Erosion ...

RE:RE:RE:RE:RE:One More Batch of Erosion ...Stockseer... when I said "one more batch of erosion" last Friday, I just meant temporary meaning the next few trading days.  But I don't think HVU will erode more from here within the next few weeks.  Looking for a good spike.  Also... Beenburned... I also have an extra stash of money that I don't like to use unless a very crazy deal.  So I have quite a large position in HVU at $6.48 already, but also have an emergency stash of $15K that I would throw down on HVU if it hit $6.00 and S&P 500 hits a ball busting $1,875 next week!  I don't usually cost average / accumulate, but that extra reserve would minimize the damage if HVU went lower.  Beenburned, you also have to realize what kind of BEAST we're dealing with here.  It's very easy for HVU to spike up a dollar within one morning.  Even if you don't want to hold for 4 weeks, you can still milk a few good dollar rallies here and there.  But if the S&P 500 pulls back to $1,750 then HVU will double and it usually all folds out within 4 weeks.
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