T[quote=ltsdd]
I think if you can weather the near-term downtrend you might be royally rewarded (on second thought, UVXY has been on this perpetual downtrend since it was created). I bought it today hoping for a nice little bounce that never came…and got carried away at a luncheon that I missed the closing bell by 7 minutes…oh well.[/quote]
It can’t do anything but go down long term. Because it’s leveraged, it’s essentially an insurance policy, and the premiums erode with time. The only way to hold it without losing significant principle is to sell premium against it when it’s up. With it so low, that can’t possibly work, so it’s purely a timing play.
