I do not remember previous splits on FAZ having any noticable effect of it's performance. After all, they track the RIFIN although I do believe they can stray a bit from that peg if the demand of the shares gets ahead of it. Please correct me anybody if you don't agree, that's how it works.
P.S. Just to clarify. I am not saying that you should hang on to FAS no matter what the next few days. I think it's up in the air, whether we shoot straight for 1293 or back test to 1262 or lower. I was just saying that it sounds like Duyd and Kvil are agreeing that you'll have another chance to get out of FAS at a higher level sometime on Wednesday....
At 1310 in the S&P I could see TVIX at $35.
Now TVIX may get a small bounce before getting there, but it will get there, and then it will have a strong move to the upside.
Well, its hard to tell. he is new to be, but although he sounded quite bold, I didn't find him full of it and I will watch what he has to say. I think I have a pretty good BS meter and so far he made an impression that was worth noting. If he is a fraud we will know it soon enough. Of course, none of us would trade on the word of someone without further confirmation and some kind of history... I haven't checked his posting history and don't know if it would even go that far back. In any case, I though he made an entertaining first impression at the least :-)....
Lost too much today w/ TVIX
Now holding for the BIG floor to fall out... but getting a little too hairy. Maybe last week's candles were just an European overreaction and we could see 1340 sooner than we thought..
Thanks kvilia...Any concerns holding through the reverse spilt tomorrow?
I hate selling for a loss and buying back real soon because of all the wash sale crap associated with tracking it, but sometimes have too!