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

VIX at 12 - lowest has been 10.3

[mdaffin]

Got caught getting greedy yesterday when I could have sold at a nice profit. Just blows me away how the volatility has been slammed, even when Greece isn't resolved (let alone China).

There is the potential for this to drop below $ 3, and Wall Street has the chutzpah to do it. I think we could see a pop above $ 4 factoring in China, Greece still being unresolved (like it ever will be).

I am bag holding at $ 3.4, so I think I can still get out profitably.

[borrowedlife]

Glad I took a hit at $5.40 and walked out, but looking to get back in.

[mdaffin]

Like a moth to a flame, we are both sucked in. I think China could blow some more chunks. If you look at the suspicious 7 % GDP and then look at Singapore contraction of -4.6 GDP Q over Q, you wonder how China grows while one of its major partners shrinks?

[borrowedlife]

Anyone know is if a reverse split will take place if yes, at what price point and what factor is accounted in?

[mdaffin]

End of July, 6 to 1 consolidation. https://finance.yahoo.com/news/horizons-etfs-announces-unit-consolidation-210000263.html

[sutluc]

It might go up at any moment of course, but given the steepness of the futures curve one has to assume that there is plenty of downside ahead and stay clear.

[mdaffin]

Yeah, they can suppress it for longer than I would like. They could also try and hammer it down some more, but frankly, there are way too many finacial bombs planted in the world economies. Was hoping China would cough upa hairball, but went positive tonight. You should look at some of the values - p/e ratios in triple digists in some cases for A shares. Some boobs think that China stocks are

[mdaffin]

Actually, this is pretty good advice - be prepared to loose on this. The current price does allow for some potential right now, just don't think you are going to see over $ 10 (at least not before the 5 to 1 consolidation).