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VelocityShares Daily 2x VIX ST ETN Message Board

  • ggray1956 ggray1956 Apr 19, 2013 12:59 PM Flag

    The only way...

    The only way this fund goes North is on a major domestic scare like the bombings, yet all that is now gone. I think a lot of money knows this ETN is broke, and can see that it is going to zero. How can something trading below its NAV, being an inverse fund, and the troubles we face and still go the other direction. CS will have to pay out of there pocket...right? Just in the last hour the VIX has favorably moved 25 points, yet the fund lost a penny. This is not a unique situation...IT IS A DAILY SITUATION!!!, yet they are given the right to trade them like they are normal investments. No broker I know warns people about the dangers and reading the summary page is a joke. This fund does not match what the summary explanation of the ETN's goals are. How they are legal to trade is a mystery to me. Be careful, and good luck!!!

2.44-0.02(-0.82%)May 27 4:00 PMEDT