Barker

Interesting strength in the VXX w/ the S&P moving to new highs.

AMEX:VXX   IPATH S&P 500 VIX SHORT TERM FUTURES TM ETN
111 3 3
hi Barker - what do you think of VXX now? I have a feeling market will crash next week...not seeing strength now to hold this level also QE is almost finishing in Oct so no more big catalyst seeing to pull market up after Oct i guess.
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Barker LetsBeMillionaire
I'm not seeing any reason for the markets to crash. I sold my VXX position yesterday as we spiked to 29. I am buying back in today but only a 1/3 position.

The only reason I am holding VXX shares is as a hedge against my long positions. I do think VXX will be trading in the 30's though within the next couple weeks.
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i believe you re still IN. i am going to buy in the money calls for Sep/Oct 25-26 C. Waiting for little weakness.
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