ProShares VIX Short-Term Futures ETF (NYSEMKT:VIXY)

CAPS Rating: 1 out of 5

Recs

0
Player Avatar mikey22222 (< 20) Submitted: 4/4/2013 11:09:30 AM : Outperform Start Price: $54.80 VIXY Score: -14.02

every "maven" in this game is short this stuff. They are like naked option writers they win 90% of the time until they get wiped out that day is coming soon for these guys because they are too smug now

Member Avatar AsimovRobot (100.00) Submitted: 4/10/2013 2:23:20 PM
Recs: 2

Take a quick look at the top bull pitch by Scotbgau and you might understand more why the winning play is to short this. In a little more than a year, it will now take more than a 300% spike to get him back to even. You need to understand why that is and what the flaws are in these reverse etf's or you will be disappointed when the market crash you are counting doesn't become the long term disaster you seem to be anticipating for all the "mavens" on this pick.

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