O.K. who of you bought VXX last week......

[boarderbloke]

I was going to roll $50,000 in, but was waiting till it hit $10.00.... WTF....somebody big, beat me to it!

http://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn%5Foverview%2Easp%3Fsy mbol%3DVXX%26table%3DNYSE

[Hopperbin]

It is called a 4 to 1 amalgamation. It is up only .88 of a percent. Your chart is not showing the amalgamation it is incorrect.

[boarderbloke]

is that the opposite of a stock spilt, ie Nortel a couple years back?

[Hopperbin]

Yes, for every 4 shares owned previously one would now have one. Sometimes charts do not adjust right away for the split or amalgamation. The chart needs to multiply by 4 all the previous data before the amalgamation. HNU amalgamated 2 to 1 last week also and took me 15 minutes to explain to the wife that she didn't have a 50,000 dollar windfall.

[boarderbloke]

Hopper, you probably could have talked her in to taking you out for steak and lobster! lol

[parsley]

Maybe not 50K, but she's got you :>)
Pars

[tmyrfield]

i get worried when companies do this. like when viterra was born 10-1. no-one likes investing in a penny stock which it had become.

[norton17]

I was going to roll $100k in...quit dealing with chump change

[Hopperbin]

What is this stock anyway? Can anyone give a description of what it is all about. Cannot seem to find much about it, is it a fund that buys into exploration companies? Why would one think it will turn around? The trend hints to losing 75 percent of value in another year. Cannot find anything positive.

[ado089]

Isn't it the ETF that tracks the VIX.

[boarderbloke]

buying VXX is another way to short the NYSE