Velocityshares Daily 2X Vix Medium Term (TVIZ)

[gldtimer]

Cat Down -14+%... and Counting.

Article in Bloomberg puts a number on Crescats performance for the year since the company now obscures it talking about performance since inception.

https://www.bloomberg.com/news/articles/2017-08-14/hedge-fund-betting-on-70-yuan-crash-digs-in-as-currency-rallies

Since the article was published things have only gotten worst for the Cat in their 'take it to the grave' trade.

About the Yaun, I don't own it nor would I short it. If you look at the history you'll notice it gives little warning before plunging (this is what Smith is saying in that you can't time the plunge).

However, this is a crazy way to invest suffering all the psychological pain of loosing money until you hit the big one--if you ever do. THE MARKET CAN STAY IRRATIONAL LONGER THAT YOUR CLIENTS WILL STAY WITH YOU.

Look up the five year price history of CYB, and you'll reach probably the same conclusion I have. Don't touch or short it with a ten foot pole.