It's so sad to see these kinds of posts all over the message board.... either nobody profusely typing these messages has ever bothered to read the TVIX prospectus and glance at the TVIX 5-yr chart, or they are intentionally misleading newcomers, though i can't really understand the motivation for that, except perhaps they are holding this garbage note long and posting in the hopelessly misguided belief they can somehow influence share price of a note that is arbitrage traded on a huge scale to track S&P VIX futures momentarily.
Exactly. TVIX longs are holding the market back to reduce their losses. In this economy, if not for blatant TVIX longs naked buying, the S&P would by at 3K+. I saw a stark naked long running past the central parl reservoir last night screaming "TVIX shorts eat shyte and die!" These guys control the market and won't give TVIX short traders a break. I have written a letter to the SEC. Do you guys want to see it?
BTW the "holders" that you believe you've identified ARE the arbitrage traders, and they are buying and selling this thing on the millisecond, in order to make a fraction of a penny, #$%$&P VIX futures fluctuate through the day... that's how arbitrage trading works and it can be very profitable for funds with a huge playing capital. There are no TVIX "longs", except a few deluded souls posting on this board.
The share price is managed by arbitrage traders who force the note to track the underlying index, and the only big money here is trading in minutes (not holding this three-stage derivative overnight) ~ no short squeeze here. As usual, penny stock traders land on this page imagining TVIX is like a real stock influenced by investor sentiment and buy-sel-hold activities generating support and resistance lines... not here buddy.
In fact rayban, CS recommends very short term exposure in the prospectus - much shorter than a few months i think - and newcomers here should take special notice of the word "Daily" assigned to the descriptor. The fear index is likely to run within a range forever, even after a massive correction or economic neltdown once the dust settles, and TVIX will continue retracing to zero in the long run, no matter what happens to the economy; what i'm saying is even if the S&P corrects to 1200 in some unforeseeable future, that new index valuation would eventually become the status quo, the fear indexes would flatten out post-panic, and TVIX (as usual) would continue falling into nothingness. A lot of the people who land on this thing seem to believe there is a support level and a bottom for this stock (note), but there is not. TVIX is bottomless.
That's the wrong question to ask. The right question is: "Can TVIX hold above $1 for once, and avoid doing another reverse split like it has done repeatedly (thrice) since it started trading in 2011?"
"Caution, risk is to the upside." ~ really? When has TVIX ever had any upside? Real share value (RS adjusted) is now about 0.000025. Are you thinking it might spike to 0.000030?
I seriously doubt NASDAQ would ever authorize a secondary offering under $1. So forget dilution.
Venezuela descended into chaos in the mid-1980s as i recall, and has been languishing there ever since... once you've bought yourself a TVIX long position, you really need to grab at any straw to justify holding on, as opposed to bailing and cutting your losses.
If you're looking for something to smoke, try smoking TVIX notes. They're not good for much of anything else, but you can a wild buzz off them if you load up the glass pipe properly. Nothing to be ashamed of either ~ some of the longs here are quite addicted, and have been smoking them all day long for years.
Barchart "Chart of the Day" today is "Merkel Corp"... Angela gone public?
i have a thesaurus, but sometimes i just make up words as i'm going along... if you can't outsmart your opponent. try confusing him first.
On the other hand, maybe it doesn't matter anymore. TVIX real share is now so tiny, it may a non-euclidian function, and therefore unpredictable. At this stage quantum mechanics kicks in ~ probability dictates TVIX can be in two share prices at the same time.
bullbreeder ~ AMZN beats too! Wheeeeeeeee !!!!. TVIX plummets from its current .0013 real share price (RS adjusted) to .0009... at .0009, however, i'm a buyer because this market is just manipulated by Janet Yellng.
S&P VIX futures have risen from the low of 14.75 on May 10, to 17.77 (today) -- three points in about a week! -- yet TVIX has gone pretty much nowhere on those three VIX points...
The fact is, not even a rate hike, not even Brexit, would be sufficient for current TVIX longs to regain their recent losses.