It will reverse split over and over and over again!!!!!!!!!!!!!!! There will be no tapering!!!!!!!!!!!!!!!!!!!!!!!!
This is a very dangerous high beta etn! How many times must i warn you people about this!
P.S Not sure what you meant by the projecting conspiracies? If you are referring to the 85 billion a month sprinkled into the market that I stated a valid conspiracy then bingo. Its not a conspiracy, its a FACT!!! If you do not think that is a valid argument, just speak to any "REAL" economist.
Saying TVIX is going to 14 was ridicules without a reason. I have made some ridicules statements, but there was some guts to back it up, or in most cases a little humor. If you would have said $1.14 that would have been more believable. When I have put stuff out there I have had a reason, what was yours or did 14 just jump in your head? Actually I only trade this trash pile and only a couple of times in the last 6 months. You were technically right, TVIX should be 14 Unfortunately its a corrupt game, and I have a tendency to believe that it will probably go to zero, before the real economy is realized. If the VIX was a real indicator of fear and worry we would be way past 14.
"Did you have any rational, or were you just jabbering?"
ggray: jibber jabber, jibber jabber. I've left you alone for months and you still have nothing rational to say!
Why don't you sell your shares, go short, and return in a year boasting that could cover your short position for pennies on the dollar???
Or does endless whining and projecting conspiracies suit you better?
14 what? 14 peso's? This thing is still losing NAV even with a strengthening VIX. As long as there is an 85 billion a month, this thing will continue to zero...period!
TVIX is trading at a 43 cent premium to NAV, yet it always seems to fluctuate near or below par during many trading sessions. I think it’s a way to promote this piece of garbage. How this ETN continues to lose NAV even on VIX strengthening is a mystery to me. I see TVIX futures market numbers, but I see no logic in its perceived posted value. The futures market seems to be a roulette wheel guided by the FED’s never ending easy money, so a premium in any stock or ETN means absolutely nothing to me, especially if you are shorting this market. This fund is a trap for many including myself. I only trade it now, and currently I own zero shares, but may pick-up some today on a dip.
Personal analysis. 85 billion not stopping anytime soon, so what going to happen in my opinion is this. You make a little on down days (sometimes), and lose the majority of NAV on market up days. That's a recipe for eventual zero. I climb in short near Christmas and 50% short (stocks, since these ETN's are a scam) close to the next kick the can down the road calamity that will happen in January. Not sure if we will have hyper-inflation, or deflation yet when things unravel, so I will limit my Gold and Silver allowance to 20%
Or the knowledge of how to be a legal criminal...right? This only moves down. Up days are for sucker days. There is no premium anymore and the volatility is up. If this is down against the premium to NAV I can understand, but if it trades below NAV the books need to be audited. I think in this case a lawyer is the next stop.