VelocitySharesTM 3x Long Silver ETN (NASDAQ:USLV)

CAPS Rating: 1 out of 5

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Player Avatar TSIF (99.96) Submitted: 11/17/2011 4:39:22 PM : Outperform Start Price: $443.49 USLV Score: +7.22

Volitile little bugger...trying another swing trade. Silver is slightly below $31, could bottom at $29.xx, but will eventually go back to $34. Should give me enough margain against the S&P with this 3X plus leverage to score even on an upthumb.

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Member Avatar anchak (99.84) Submitted: 11/17/2011 5:04:16 PM
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I would be inclined to say - perfectly sensible - except that gone out of the window long time back - hasn't it?

All the best!

Member Avatar TSIF (99.96) Submitted: 11/17/2011 5:17:03 PM
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I'm not sure if sensible ever existed in the market, especially if you extrapolated it over a longer time period. For shorter time periods things may have looked sensible, but it was probably coincidence. As far as "perfectly sensible", yes I fully agree, no such thing should be expected. It's almost to the point of finding four of these types of plays and calling two one way and two the other and watching which side of the fence the apples are falling on, making an apple pie, and then trying again.

Member Avatar TSIF (99.96) Submitted: 12/5/2011 4:06:47 PM
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Banked, exited and waiting. Next entry up at about $41 - $42.

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