Buying UVXY

The time for stocks to roll over is upon us, or will be very soon in our estimation.

Buying UVXY in the morning, which closed today at $26.30

No stop.

UVXY is the ProShares Ultra VIX Short-Term Futures ETF.

Click here to read all about it.



PLEASE READ DISCLAIMER AT BOTTOM OF PAGE

Selling LL (Lumber Liquidators) +64% in 3 Months

We bought Lumber Liquidators (LL) on the 11th of March and on the 16th of that month.

In hindsight the entry on the 11th was a bit early, though it's now up 64%.

The timing on the 16th was perfect, as the stock hit its all-time low that morning and is now up 233% in 2.5 months.

However we sold if for "only" a gain of 43% in a month, back in April.

No regrets though, since we've still that 1st position to sell.

While when buying it we'd written that we believed it to be "a long-term value play", a tremendous amount has happened in the world and in stock markets since then.

Monday we'll sell the 1st LL position and book that considerable increase in value rather than hold it any longer.  
 



PLEASE READ DISCLAIMER AT BOTTOM OF PAGE