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Re: Porgie Tirebiter post# 9556

Tuesday, 01/03/2017 4:33:46 PM

Tuesday, January 03, 2017 4:33:46 PM

Post# of 29821
I do not agree with your assessment that SVXY being destined for the same fate as the UVXY. In fact, if you had purchase 1000 shares back in Oct 1st of 2011 you would have paid roughly 2.72 on two (2:1) forward spit based adjusted cost per share. You would now have 4000 shares today which closed at 97.95 for a tidy 391,800.

Please do your own research on SVXY to confirm the splits and run the value of a 10k investment had you purchased at the inception of this product and you will likely change you view.

I think you know what a catastrophe the UVXY looks like when you plug in that product in the "what if" on what 10k would look like if you bought at inception which was 10/1/2011.