Why is the VIX recovering?... The problems are still there... If that does not tell you these inverse VIX products are a scam nothing will. If these problems go away on Monday I will leave TVIX for good. If we go much below 9 no matter what the market does I will be 100% positive this ETN is a somthing the SEC needs to look at real hard.!!! Only a fix fund would drop this much with a base of 6 million traded above $9.65. Its like have a million bucks in a dollar store of $500,00 items you are broke when you. That's TVIX...No logical outcome..right?
Grabbed a bit at $9.39. Six million shares traded over $9.40 should help out with any large drop from here. I still think the correction has not started yet. Good Luck!!!
That's really the only way you can look at it, but even with as little as 100 shares that's still a 5K short term loss that the dividend would take a life time to make up.
I think this is a great excuse for the elite to get out. Top stocks are now below 11X in most respects. Logically, how can any stock with a $150,000,000,000 billion in cash go down at all, much less this much. Who would have the balls to even short this stock? It only takes 1% of there cash to smash these hedge funds.
Icahn since you did not do so good with Apple, take that "core" holding and put a "byte" into VRNG...
A lot of buying $9.70 to $9.90 before open, yet so many people are under they may bail up over $1.50. Buy when it settles down. Hopefully around 9 bucks.
Sold this morning at $10.01. This is a lot of resent volatility, but this thing falls a lot faster then it rises. It may go higher, but this VIX issue is so last minute. We could go from $10 back to $8 on any news real fast.
Because of all the talk about the dollar collapse could put a monkey wrench in AAPL's recovery this time. Hope not...Good luck everyone!!!