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



TSX:HVU - Post by User

Comment by RichyRich$on Jun 05, 2014 4:58pm
121 Views
Post# 22635133

RE:any predictions ?

RE:any predictions ?Everyone RELAX. The VIX has bottomed. Historically over the past 2 years it only hit this low March 2013 and it doesn't stay this low long. With the S&P 500 so high it won't take much to catapult the VIX. Just watch June 18 that's when serious rollover erosion happens. The secret from here on is to buy small amounts cost averaging. I bought $5,000 at $3.70 and will buy $5,000 more at $3.60 and $5,000 more for every 10 cent interval down to $3.00 if need be until the next 10% rally. The way it behaves is a large move down all at once and then it settles down. When everyone says don't buy is the time you should buy. The ones that bought at $4.50 and held are screwed. Just a few weeks ago I thought $5.00 was a good deal. There's not much lower to go and the reverse split doesn't lose you money. They adjust your share amount to reflect the dollar amount you have. I went through a reverse split last year, the rumour that you lose money on a reverse split is not true.
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