Q: Hi,
I bought VXX as insurance when Europe was looking very bad and have ended up in the red. It seems to be bouncing around $14 now and I was thinking of holding it until things go wrong again and at least try to break even. Some of the BNN brain trust suggest that one should never hold these funds for any length of time but my feeling is that it is somewhat stable here and will either stay the same or go up. Am I missing something? Thanks for your answer.
Brian
I bought VXX as insurance when Europe was looking very bad and have ended up in the red. It seems to be bouncing around $14 now and I was thinking of holding it until things go wrong again and at least try to break even. Some of the BNN brain trust suggest that one should never hold these funds for any length of time but my feeling is that it is somewhat stable here and will either stay the same or go up. Am I missing something? Thanks for your answer.
Brian