i know... CCXI just negotiated a huge milestone-cash JV (huge in relation to market cap). But i think bidders are going to put up a fight while the market is a bit sleepy.
We're on the same page fp ~ i'm just trying to put that Aug "rally" in perspective for the newcomers here... the last reverse split was trading at about 55c in mid-june when TVIX negotiated its 1:10 RS. and anybody holding long from, say April 2015, would have lost 50% even if he/she were sufficiently adept to have sold at $19.90 ($1.99 RS adjusted) in Aug. It's sheer folly to try and time TVIX like that ~ you'd have to anticipate both the bottom and top of the one rally every year that lasts maybe a few weeks. But i guess it's that allure which attracts the newcomers; that combined with incomplete diligence, misinterpreting or ignoring the chart as well as the prospectus.
fp1776 ~ every new TVIX long these days seems to want to refer back to Aug 2015 as the golden moment when TVIX soared to $20. ~ In reality TVIX had closed a 1:10 reverse split just before that happened, so it really "soared" to $2, and anybody who had shorted the note just a few months before Aug 2015 is likely to have earned 50% even if they panicked and covered at the peak of that rally in a tea cup.
If you had shorted just 10 shares (less than $100 worth) of TVIX just five years ago, it would be worth over a $million today. And yet many deluded souls here will try to convince you that buying TVIX is a money-maker. Take a few minutes to look at the chart and read the prospectus before throwing any cash at this scam .
"absolutely terrible advice... NUGT soared" ~Really?
A) TVIX is not NUGT.
B) TVIX has always AlLWAYs hovered around a new all-time low ~ it has shed 97.997% of it s share value after 3 splits in 5 years - it has never NEVER "soared",
C) Anyone who has bought and held TVIX has lost money, and of course not a single cent was ever lost by a short seller.
So what is your good advice? "Buy TVIX"? You know what they say about people who witness the same outcome over and over, yet continue to believe in a different outcome?
only "somewhat" ballsy if you consider that TVIX is worth nothing in real money and will always strive to express its worthlessness by returning to zero. Once you accept that premise, all it takes is patience, even if your momentary timing was a bit off.
"pull back is inevitable" - it happens sooner or later - but TVIX is likely to split twice or thrice, or six times, before the sooner eventuality. Go ahead: dream on.
BTW guys. For those of you wishing to diversify your holdings, i have an investment proposition in the glades; property is under water, but it's a great opportunity ~ eventually the water line will rise, and when it does, you can triple your money easy.
But clearwater has me (and all my fake IDs) banned. Good to see finallytherenow adding to his substantial TVIX holdings... have you been offered a spot on the Credit Suisse board yet?
See, that's my point... anybody dipshyte as clearwater holding this note has got to be the wrong company to be keeping.
That may be true, finally, but i'm a lucky troll because i haven't accumulated 70K shares of TVIX at prices ranging from $8 to $16 ~ If you are an example of smart, then obviously it's better lucky than smart.