I hear you trem. I'm shattered as well... i mean, i thought i was the most unpopular character on the message board, but goldo clearly has us both beat thumbs down, and he wasn't even stating an unpopular fact concerning TVIX reality... "The human condition in TV baggerland". Just innocently speculating about XIV price action. TV baggers can be oh so cruel.
I don't understand how you can recycle 8-month-old news into a 170% rally either. Icahn was in the news today disclosing a major position in Xerox, so that may have something to do with it, as irrational as it may be.
Can you say sqeeeeeeeze ??? Market crash begins now !!! Man the lifeboats ~ Women & children !!! Elvis has left the bulding, Alice is down the rabbit hole !!! Huge bubble: 7-year bull run = 7-year itch... sky's the limit ~ to da moooon !!!!!!!!!!!!! Short is looser ~ Wener is long. Goodnight ladies.
Anyhow, as ema the dooshbag pointed out, Russian plane are a turkey shoot these days... everybody's taking a pop at them.
You're just pumping this garbage so you can get your hands on my negs... well, it ain't going to work buster. "I'm wise to you.
Actually techy, if you looked at the extended TVIX chart, you would have noticed that anybody who held short this note for a few years in fact would have come initiated his/her short position at about $90K. But we don't confuse the issue with historical pricing. TVIX is all about emotional investing, like powerball or roulette.
"Just my thoughts as to why I invested into this... why don't you just move on if you don't like the investment?"
Just my thoughts ironman, but did you actually read the prospectus before "investing" in TVIX? Because, Credit Suisse (the note issuer), warns in big bold letters NOT to use TVIX as an investment vehicle. In fact it warns that you will likely lose the entirety of your investment. I've been shorting this note for nearly two years before you traipsed onto the board, but hey, i guess i'll just move along now as ordered.
Why did you crawl back out of the chicaboom?
I've been talking the same game since mid-2014 and i've been short most of that time. I covered at 81c in June, and shorted again this summer at $14.81. Anybody who has been here over that time--and there are a few--knows all this to be true, just as I know you have rarely posted on this board, if ever before.
Meanwhile, I have never shorted KBIO. In fact I have rarely ever shorted any stock but TVIX... I'll admit, i was short HLF and BBRY for a while, but TVIX is the only stock i will short forever. Now, that's true love.
SnP VIX futures trade 24/7 and they have dropped again as of 4:15 to 17.02. Hence TVIX trading down even lower in AH.
This is a dangerous game, and i will freely admit i am too stupid to predict which way the fear meter will tick, and make money day trading TVIX. That's why i just short it and wait patiently for the erosion payout.
OK ~ one more time.
TVIX is designed to track S&P 500 VIX futures at 2:1. S&P VIX futures marked 17.42 at 4pm on Friday. They are now at 17.08. The difference represents a decline of 2% for VIX futures. At 2:1 TVIX would have declined 4% theoretically, based on VIX futures movement, but TVIX also suffers from price erosion and contango... anyhow, with VIX futures down significantly today there is just no way TVIX could have run positive or even flat... it had to shed a minimum of 4% pps. I won't bother explaining this again. I'm sure most of you would rather subscribe to a conspiracy theory.
OK guys, i'm watching streaming VIX futures right now. They are at 17.08 - down 2%. Meanwhile TVIX is at $6.05 - down 4.9%. TVIX is supposed to track S&P VIX futures by 2x so there is a minor discrepancy... in a perfect simulation TVIX should only have shed 4% today. That minor difference could be attributable to an arbitration lag, or plain old contango. Either way, we warned you repeatedly that TVIX is not to be used as an investment vehicle -- heck, Credit Suisse warned you of that in bold black font in its prospectus. Why don't you guys ever listen?
TVIX tracks S&P500 VIX futures first, and the S&P500 next... since the S&P500 is usually right on track with its dedicated VIX futures, there is rarely a discrepancy. You must also consider that the arbitration process generates erosion and so, as time goes by, TVIX pps will always head south in relation to the underlying indices. Or, you could just pretend it's all a manipulation conspiracy if that suits you better.
Shkreli buys under $1 and started selling yesterday at $18. Meanwhile, unaware of this development, the muppets keep chasing it past $40. Congratulations Mr. Shkreli ~ nice pocketful of fast money.
They can't "walk down TVIX". It tracks S&P VIX-F ~ I used to write just "VIX" to keep it simple, but once got attacked for it over a period of weeks by somebody who really just wanted to change the subject.
Here's the thing: In order to manipulate TVIX this "smart money" conspiracy would have to be manipulating the whole freaking index just to steal your TVIX pennies and, if you really believe that, you are hopelessly deluded in Stage 3.
Believe me there is nothing you can ever say or do. TVIX syndrome is a tenacious affliction, and there seems to be no cure or treatment. It just runs it's course, like the common cold.