I am placing a ladder of orders to purchase VXX. Buying some here at $20.06 placing a profit exit at $30.00. We have moved 6% in two days, this market is pretty stretched short term. Betting against the herd!
Currently have orders at $19.75, $19.25, $18.75, $18.00; The share amount increases on the way down and so does the profit exit.
Friday, September 3, 2010
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