No way this will ever see 10 again. I doubt, if everything goes right for TVIX, that it'll see 8. On the other hand, huge chance of losing your money. We shall see. But you might want to look at the chart to see your chances of making money. g
Such a significant number of factors need to play-out for that to happen I would be very skeptical. TVIX printed $112.35 on November 30, 2010 ... as you know, it did a Reverse Split and then lost more than half of the R/S price in about 10 days. Today it bounced off a MORE THAN 2 YEAR LOW by a half-buck and while $200 by Friday was a joke ... a 'double' may also proven equally as funny. This is a Product for drug addicts and dreamers. If you HAVE GAIN of say $0.0001... TAKE IT AND MOVE ON and NEVER LOOK BACK! JMHO!
I harte to say it, however, it does appear the posters on thsi board are correct about you. Why did it not occur to you that since TVIX was at a all time low, the markets are starting to reverse, and there is significant fear, this is when one should be considering TVIX, VXX or others of this sort.
No offesnse, but if I were you, I would take trading lessons from someone you can find that is making money.