Wednesday, October 28, 2015

[$COMPX] update

I bought UVXY into the close.  At the very least we will likely see a 3 wave decline to the level of the prior 4th as shown.  A small move down like that will be good for 10% given how wound up the shorts are now on VIX.  And the move back down could be much, much bigger.  If it doesn't go my way by 10am tomorrow I will unwind this big position - 2x normal trade size - quickly.


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