Who is holding it? We should see above 17 with this down market...
This type of red has been anticipated for the 8 months that stocks have been green.1000 point drop over the month will barely translate VXX to $19!!Anticipating a market downturn is hardly translatable to volatility. It is EXPECTED!This is the nature of this product. The day you go short you will see what we all mean. Even if it goes up 50%, you will have 40 days of unpleasantness. This is going to $0.
One thing everyone not understand is this. Market drop or jump as much as they want. This thing is not going to go much unless something really really scare the heck out of the market. Other then that they will let it goes slowly :) Market down but orderly then these things mean nothing. :)
yeah this is bs
lol.......... No one holding anything on these junky stuff man. Always lost it value unless the world is dead. It is dead out there but THE CROCKS on WALL STREET and WASHINGTON DC holding it. :)You can't do a thing about it. :)
Be happy you don't own tvix.