While I like shorting the overinflated promotion stocks - usually otcbb and pink - this week you could have pretty much shot the fish in the barrel. I was short LOGL - Legend oil and gas - and covered for a small gain. I will be looking for shares of VXX if it stays in the 30 plus range. VXX decays badly and the Vix does not stay high forever. It could be an interesting week since the US has been downgraded.
Senior Manager, Paul Saad and Associates, LLC