I plan to sell my notes for $1000 each after the market crash. I'll use the windfall to buy an 85' yacht outfitted with a GD 30 mm Mk 46 gun system. I'm hoping i can get a deal on the boat and the canons in an 'end of days sell-off'. During the remaining end of days, of course, i plan to do a lot of raiding, pillaging and ravishing in the Gulf and across the Pacific Rim. My whole family - wife and kids - are looking forward to it. It's a dream we've shared for many years.
I can answer that trem. i am the CEO of an online metaphysical corporation with several sibylline assets. our senior sibyl, an oracle with 20 years experience in the high tech sector, has projected a market crash beginning Monday, May 25 (international markets) and Tuesday (premarket 4am) in the USA. The correction will be in the vicinity of 20%, and the prediction is statistically significant within a confidence level of .05.
This doesn't get delisted until the SEC decides it's a scam, which could happen someday, but it won't delist just because the share price is under $1. CS will simply do another reverse split ~ the third one in about as many years. Each RS to date has been 1:10. Last time, CS didn't even wait for it to drop under a dollar before splitting it.
1st Reverse Split 21-Dec-2012 10:1 ~ price before split = $ 0.9
2nd Reverse Split 30-Aug-2013 10:1 ~ price before split = $ 1.68
it isn't a linear relationship. TVIX trading range erodes quickly because of contango, and actually adjusts downward every day. That's why Credit Suisse, the note issuer, strongly advises against anything but a day trade.
i'm not sure, but you may be seeing the two reverse splits. On the other hand, there are occasions (very few) when the markets corrected massively and TVIX rallied likewise. The chances of timing any such event before contango drives it back and the next RS occurs are probably in the same order as winning a lottery.
Rate hike of a few basis points is almost a non issue, if it even happens this year... TVIX will have zeroed and RS at least once long b4 it happens. What are you guys thinking anyhow?
it doesn't matter any more... haven't you noticed TVIX trading range is about 8% lower, regardless of the market? Last week, with SNP at 2127, TVIX would have traded about .95. Now you can't 88c for it.
There will be an orientation meeting for all new recruits in in Conference Room B tomorrow at 5:30 PM. Presentations, wine & cheese. Bring your checkbook.
Yahoo MB doesn't seem to recognize me when i connect thru another server, so all you new Credit Suisse victims can go on extolling the virtues of TVIX and i won't even respond. Keep this in mind though: unless there is a major market correction in the next few days TVIX will continue to erode (as planned) then split 1:10 (also planned). You can expect an extra 10% loss (on top of natural erosion) after the split. So, if you're holding long, cross your fingers and whisper the mantra: "correction-crash, correction-crash".
How is it an election year? There was another guy here, couple of week ago (vietnamese handle, i think), who thought TVIX was a good bet at $1.10 because of the elections in november... he just got his years mixed up. That guy was only around for a few days, though, but he was kind enough to advise us that the market was crashing and oil was going to $30.
spirited, yeah but it's getting old. it's the indignant posturing (and the rampant ignorance) that annoys me most. i'm trying to help them out, but they think i'm a "basher", as if TVIX trades on sentiment.
50-50? Look at the 2015 chart. You don't have to be smart to see the trend. In any case, as i've repeatedly pointed out, Credit Suisse (the note issuer) has advised us in its prospectus that the note will always trend to zero:
“The long term expected value of your ETNs is zero. If your ETNs are a long-term investment, it is likely that you will lose all or a substantial portion of your investment.”
You don't have to be smart to know this... you just have to read the prospectus. And you don't have to believe me. Take Credit Suisse's word for it.
never gets to three cents. as i mentioned earlier, the revers split (usually 1:10) is already engineered into the note. Unless the market crashes this month, you will have many more opportunities to average down.
dollar, you're back! Rain check on that trading lesson you had prepared for me? Still holding long from .98? Have you taken this opportunity to average down?
i don't know if 50c is do-able. these latest TVIX losers may be unique ~ they are buying right into the reverse split. Not surprising, since the comments they make suggest they didn't even realize that RS is engineered into this note, as the note intentionally designed to trend endlessly towards zero.
yadda yadda. You have no idea how many times i've read a post just like yours. Heck, i don't even know ~ thousands have come here before you.