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iPath S&P 500 VIX ST Futures ETN Message Board

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  • merenkov merenkov Jan 13, 2011 5:16 PM Flag

    WTF? shouldn't this be up?

    They'll never let it drop into the single digits. Just like before, they will do a reverse stock split so that a whole new generation of newbs can lose money on it. It's like a small world that implodes upon itself, only to be reborn again to repeat the process.

    Here's a strategy for you: when it gets down to $11, and they do another one for four reverse stock split, you'll be able to then buy at $44. Wait for it to go down to $11, another reverse stock split, buy again at $44. That's kind of a poetic way to lose money.

16.81-0.11(-0.66%)Jun 27 4:00 PMEDT