Post by
mdaffin on Aug 24, 2015 10:47pm
Warning to new buyers - be careful holding HVU
The sudden increase has attracted some new buyers. Just a friendly warning, be careful buying and holding overnight.
The first thing the FED (and Wall Street) try and do is drop volatility - hard. Buying HVU when the VIX is above 16 and holding can be costly. I am still trying to make up losses from Feb when Yellen dropped the word patience.
I think the VIX will remain above 16 for the week - but don't count on it. Its like hot potato - take it and pass it on quickly before it burns.
The way trading was today, I doubt stop losses added much protection.
Comment by
AAA4 on Aug 24, 2015 11:14pm
Yeah no doubt. Tomorrows open on this crapola will be like 40$. Like I watched this in December when volatile gets crazy you have a bit of time to play with this. When reading all the headlines and seeing this sell off I would assume it's not over yet... Just my opinion from watching markets over time
Comment by
avispa on Aug 24, 2015 11:44pm
I fully agree . . . HVU should be traded, not held