RE:RE:UVXY ;Its not meant as a long term hold....its basically like the old HOD or HUD....you hold them for a couple of days based on anticipation of oil price direction or news......in this case with UVXY if you think the market is going to crash big time points next Friday and you bought on Wednesday you would probably make big money.....if you bought and held a year ago you probably lost more than half of your money......the longer you hold it the more you likely lose....its really a short term bet...days or maybe a couple of weeks at the most....