My God this thing was supposed to be another wallbanger, yet it continues its trek down. Motley Fool is drooling over this stock giving it a God status with a 5 star rating. Motley Fool has been very quite lately on SWIR. Why doesn't Wall Street feel the buzz???...Anyone?
It needs to be looked into, but its probably a legal sham. A play on words...Read the defination carefully and you will see that a bogus futures contract controls this ETN, not the movement of the VIX. They need to audit the trading taking place to see if any wrong doing has taken place. The problem with this exchange traded note is the VIX is not a true volatility index. Today the VIX is up and TVIX is trading like the VIX is down 2 bucks. Its hard to believe they are able to do this, but they are.
There are a lot of problems, but that's not one of them. Manipulation, hedging, auditing, hidden debt, and bogus accounting. Basically the mining business is full of fraudulent activity. The miners hold reserves, but never buy back stock with it. Even the worst miners make $400-$600 per ounce. Big money manipulates rally's to make money, not to advance shareholder value. They could care less what the share price is. PM's will not take off until they want it to.
I believe they need TVIX to become insolvent before July 1st. That why its been going down so fast lately even on VIX up days. It may not be illegal what they are doing, but its sure the most unethical thing I have seen in 30 years, including most JUNK bonds. If people knew how shaky the derivatives market was it would frighten you because all the money longs have made in the last few years could be gone overnight. Inverse VIX and manipulation in the commodities market is not even the start to the real mess we will face very soon in the future. Only a miracle could save us.
This is young ignorance. You can't get around it. These are the same people that will take over for us soon...Scary Huh!!!You can always tell their age by what they say. Things like writing in CAPS, cursing, phrases that make no sense, do not respect others. Terms like bashing, and LOL...
Major issues in Syria, Iraq, North Korea, Afghanistan, Shaky relations with Russia, can hardly make interest payment on the National debt, which is currently $17,536,123,426,853.16. More than 1 trillion dollar student loan debt, Nightmare Bill HR#2847 goes into effect on July 1st 2014, stock market index’s are at all-time highs without any real correction to create stabilization. I do not think people have any idea how bad things really are because the QE 85 billion is still flowing making it look like things are ok.
Isn't it bad enough that the markets are fixed...Now we have to put our nations security at risk!!! Whoever brought that up needs to be charged with treason!!!
Inflation costs will cause most to make adjustments. Its a problem we all face. PPI and CPI are horrible numbers compared to the reality of inflation.
Something very wrong is going at these mines and shorts must know what it is. Look, we have been in a bull market for more than 3 years and these mining stocks have lost 40-90% of their share values.
Good base of $20.20+ with the volume we normally have in a full day of trading.
Don't feel bad, this stock has been a nightmare for day trading most of the time. Volume is a big factor. It look like people pop in getting fooled by a first glance at the balance sheet and then get trapped, while insiders jump out on any upside.