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Article: TVIX Suspension - What It Means
http://seekingalpha.com/article/382971-credit-suisse-suspends-creation-units-in-tvix-what-it-means?source=email_rt_article&ifp=0
it's coming.....just a matter of time.....keep your eyes on N./S. Korea.....I knew CS diluted the hell out of this when she was up around $100....TVIX is a "white-collar" penny stock, but a penny stock just the same - I'm surprised CS hasn't issued a PR stating a share buy-back program, or some lumber / concrete deal in Dubai'!
Kinda hard to get all that excited about a 2 dollar gain,, its ok , 10-15 would get the juices flowing though
If you have TVIX Hold it is going at least a 10-15% higher.
Master This will mean at least a 10-15% increase of price.
This happened to UNG and GAZ when they stopped issuing shares.
Both of witch I owned went up 10-15% Gaz was latter trading with a premiun of 25% that is when I sold.
So If you have TVIX Hold you will see a 10-15% just on this news alone by the end of the week.
That release just reassures me of my play. RED FLAG! Hello we are done giving away multiplyers. Check back in triple digits. Thats what their release amounts to.
Fitch Downgrades Greece 2 Notches to C by @bySamRo http://read.bi/yd3KsR
just posting Info .. I'm Long .. !!
Sounds like a smart move for sussie! Why issure more shares for 1/4 of what they will be worth in 3 months?
ALL, follow the replies to this one >>
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72380167
it's also a Grreat board to Mark as Favs ..
hope this helps some ..
On 2nd thought at current it looks like markets are pegged out after european market outlook. Looks like a green day tomorrow full of Puts and dumpers. Hold tight for the "G" forces that are about to hit
I believe by Thursday the low will be about 15.70 and thats the bottom till mid 2013. Remember the "Y2K bug" scare? It has nothing on the "Mayan Callender" scare thats coming by mid July. Iran Egypt Somalia Greece and jobless reports of the near future will insure that this doesnt see less than $20 after Feb. This is beyond republican democrat presidential hopefuls. This is fear mongering at its peak. I take profits on 10%+ days and thats my strategy. Good luck I may lose it all so dont play off me but im not gonna be the fool holding a security in a doomed market.
No issuance = no decay.
I'm running this as hands on learning experience. This is a new one for me - ETN's, but I'll wait and see what happens. Should be interesting. Started with 5K shares and sold off 4K which covered my cost plus a couple K's. Letting this ride.
I've been building up a positions in SPXU- 10.10 and TYP 10.45 - planning on a pull back.
Some details should be a matter of public record, and some details would not be. If you can get information from a broker, then maybe you could get even more granularity than you really want. But someone should have this information:
When has Credit Suisse issued new shares, and on what criteria? Also, when do they buy back shares? There should be records showing that TVIX was at "X" price, and the VIX indicated it should be at "X +Y" or "X - Y." Then they would have taken a very specific action to adjust the price. We might be able to find out exactly what they did to adjust it, and exactly what effect it had.*
I am assuming that the price is undervalued right now, so there is no reason to issue new shares. The news itself could cause volatility in the price. But over time, I would expect a GRADUAL rise in price, rather than a sudden jump. The announcement indicates that when the price rises of its own accord by trading, Credit Suisse will allow it to rise without "correcting" it downward. That is, until it reaches some level they are comfortable with.*
This avoids the problem of a reverse split, so I don't think we need to worry about that happening.*
The price could jump upward suddenly, if they decide to buy back shares.*
I don't really "know" anything here. I'm just guessing. But if you can get the "professionals" to tell you something useful, I hope you will pass it on to the rest of us.*
I have just reset my limit order to sell half of my shares for in-and-out trading. I was expecting 21 dollars, and then I lowered it to $19.90. Now I don't know what to do with that. I'm hoping to buy back around 17, and keep trading it up and down. But in any case, I will hold onto the other half of the shares, in case it suddenly shoots upward.*
If this news means what I think it means, then anyone expecting to buy back at much less than the current price might have a long wait.*
If anyone has any clue or hears anything in terms of news, please let us all know, this is nuts? Hopefully it will work strongly in our favor. I sent an email copy of the news to my broker. We will see what tomorrow brings. But there is no new shares but our shares I am sure can be traded, right? So if those who have shares hold them then the price must go through the roof, right? Its going to be interesting. GLTA
Higher .. They indicated that it will be bought a premium since there will be less shares available :)
Just goes to show how little I know about TVIX.*
I was under the impression that a certain number of shares were issued all at the same time, when it was created. This announcement implies that notes are being issued on a continuing basis. The price is subject to "levels of supply and demand for the ETNs." The price would also be subject to new shares being issued. I would assume that new shares are issued to bring down the price, whenever the price is higher than the VIX should make it. This is how they "reset" it. If they stop issuing shares, I would assume that the price of the shares would have to go up, because the supply is limited. They very boldly declare that the price might either go up or down. This announcement "may cause the ETNs to trade at a premium or discount in relation to their indicative value."*
Of all the things discussed that may affect the price, the possibility that they would stop issuing new shares was not mentioned.*
Doesn't this mean the share price has to go up?*
They could even buy back shares, to raise the price even further.*
From the CS PR;
Did anyone buy AAPL as I posted on FRI.. ?
I did dabble back into TVIX today at 17.
I have no idea, but this is from the press release:
As disclosed in the pricing supplement relating to the ETNs under the heading "Risk Factors—The Market Price of Your ETNs May Be Influenced By Many Unpredictable Factors," the market value of the ETNs may be influenced by, among other things, the levels of supply and demand for the ETNs. It is possible that the suspension, as described above, may influence the market value of the ETNs. Credit Suisse believes it is possible that the temporary suspension of further issuances may cause an imbalance of supply and demand in the secondary market for the ETNs, which may cause the ETNs to trade at a premium or discount in relation to their indicative value. Therefore, any purchase of the ETNs in the secondary market may be at a purchase price significantly different from their indicative value.
TVIX
GLTA!
Well? How will TVIX trade tomorrow on that CS disclosure?
Credit Suisse Temporarily Suspends Further Issuance of VelocityShares Daily 2x Long VIX Short-Term ETN
http://finance.yahoo.com/news/Credit-Suisse-Temporarily-prnews-3084612990.html?x=0
More naysayer advice from Bill Luby.*
http://seekingalpha.com/article/377841-will-this-vix-etp-go-to-zero
He says, "Retail investors have embraced this product with surprising swiftness in the last week or two." I got into it a month ago. I don't know if that puts me ahead of the game because I was earlier, or behind because I paid too much (19.45). This is called being "too early for the party.*
Will sell half of my TVIX for $19.90.*
I had a limit order set for 21 dollars, but it seems unrealistic at this point. I was going to lower it to 20, but then I thought that it might be a psychological limit, and might not quite reach 20. The plan is to hold half of my shares for any lucky rise in price, while trading the other half. The range lately seems to be between 17 and 20, with a little extra on both ends. I will try to sell at 19.90 and buy back at 17.10, and see if that works.*
This would involve a cycle of several days. Since it has been a month that I held onto this, I want to try to find a reasonable trading range. I only have a small amount, as I am just learning about stock trading.*
I don't have enough in my account to be a day trader. I am hoping to go from being a "weak" trader to being a "week" trader.*
good for you
Article: general overview of TVIX factors
http://seekingalpha.com/article/378851-velocityshares-daily-2x-vix-short-term-etn-4-key-price-drivers?source=email_rt_article&ifp=0
I put in for 1K @ 15.95.
Still holding 1K @ 14.05
Bought up some SPXU also this morning. Obvously I'm convinced that once the details of this Greek deal comes to light, Europe contracting, oil at $105 - climbing.
The market is looking for something to correct on. There is plenty of news out there. The question is will we get 3% down? Might be really shallow.
Thought this would tank after the bailout, I guess it was factored in already. I confidently holding this until it breaks out. It will happen just need patience.
I'm here! Waitng for them to take the market to even more ridiculous levels so I can buy back into TVIX....would love to buy in the 15's. I can't see them pulling the market back until they've hit the numbers ...Naz - 3,000, DOW - 13,000 and S & P - 1400...not that anyone can control the market :0o
Headline: TVIX now beats VXX for highest volume.*
http://etfdailynews.com/2012/02/18/tvix-etn-topples-vxx-etn-as-highest-volume-vix-etp/
Consider the source.*
mattyw78 seems a little bit confused, from what I have been reading.*
Regarding the claim that, "over the last 4 years there should have been deflation," this is an understatement. What he means to say is that we should have been in another Great Depression. He seems very disappointed that this is not the case.*
In his post 1582, he asks: "Is post #1581 talking about holding cash when things come crashing down???? That's the last thing I want to hold when the inevitable fiat currency collapse happens brother is paper backed by a promise of the Federal Reserve. Wake up and look at history and what's been going on with our country over the last 41years."*
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72068547
He is referring to the official ending of the gold standard in 1971. Any profits made after 1971 are considered "imaginary," unless converted into gold or silver. I imagine it's hard to be in the stock market, if you have all of your money in gold or silver.*
It is true that these metals are worth a lot these days, in terms of dollars. But we are free to convert our "worthless paper" back into precious metals at any time.*
There are almost 200 countries in the world. To the best of my knowledge, not one of them uses gold or silver as its standard of money. That ought to tell you something.*
Regarding the oil prices and Iran, oil doesn't care where it comes from or where it goes. Oil is what they call a "fungible" commodity.*
http://en.wikipedia.org/wiki/Fungibility
"Since the United States is the world’s largest importer, it may seem surprising that it also exports around 1 million barrels a day of oil, predominantly petroleum products. Due to various logistical, regulatory, and quality considerations, it turns out that exporting some barrels and replacing them with additional imports is the most economic way to meet the market’s needs."*
http://www.eia.gov/pub/oil_gas/petroleum/analysis_publications/oil_market_basics/trade_text.htm
In short: An oil shortage is an oil shortage. A rise in the price of oil is a rise in the price of oil.*
The main reason for the general increase in oil prices is the expanding world economy. China and India use a lot more of it than they did in 1971. The secondary reason is the demand of oil producing countries for more money, or more power on the world stage.*
If the price of oil jumps suddenly, this is because of a particular reason, such as Iran. The slow, general rise in price cannot be blamed for the sudden jump, which would in this case come from a crisis initiated by Iran.*
It is true what Ron Paul said about the price, in the sense that a silver dime is now worth about 3 dollars. Then again, most of our money is in the form of either paper, plastic, or computer code. A stock certificate is just "paper" at best, and we certainly can't trade it over the Internet with physical silver and gold as our medium of exchange.*
Let us not forget that gold and silver WERE the basis of our money BEFORE 1971. They were given up as the standard, precisely because they were an impediment to proper economic growth. During the massive deflation of the Great Depression starting in 1929, we DID have gold and silver as the basis of our money. It just didn't work.*
What are you talking about? Futures are up 60 lol these retail investors are gonna get a rude awakening when this mkt tanks.. The smart money has been out
Get some sleep because the Freeks are about to get kicked out of the EU How cool will that be.
stock futures continue to fall. It's 1:20am in Germany and 2:20am in Greece. I'm getting tired................
True, 75% of iran,s oil export go,s to asia
For what ver reasons lets just get the TVIX to above 50 and maybe to 100 again! And I think you have valid points, thanks.
Lets not forget that the main reason for higher oil prices is stimulus, bailouts, printing of money and our dependency of foreign oil. Oil was headed higher anyways. Expansion of the money supply is called inflation. Over the last 4 years there should of been deflation but instead prices have either stayed the same or have gone up. Although Iran is relevant and will factor to price spikes, it is being used as the main excuse.
So far I have not seen this to be but I have heard that it is possible, although it seems the market is trending higher based upon a deal being done? There is an awful lt of stuff going on to send this market much lower if not crashing. If I ran has its way, and it looks like its goping to, iol proces will cripple our already floundering economy. If gas prices go sky high, as it seems that they are, people will simply not be able to afford such a thing, we have seen it before, the same with transportation, truckers, etc. IMO- We are headed for a big drop.
glad I held through the weekend then!
More than the European crisis, I feel oil going back up to its old high of $150 a barrel will destroy this already fragile economy. The bank disaster back in '08 created severe damage, however, I feel the real factor in the markets crashing was the insane price for oil. The damaging wake it leaves will send the markets into a tail spin. This summer will be interesting.
My contacts in Europe are saying a default is imminent!!!
TVIX
WAITING GAME
I'm in all cash now. Will start buying when S&P hits 1370 to 1380. Market is to high to start long positions I'll wait with cash in hand. Hope to get back in around 15.
DOGMA
Paper losses don't bother me. I've been green and I've been red here. Green at this time. Things can/do change in a moment! I've been adding as I please and am looking forward to my eventual double---At least!! TVIX
GLTU/A!
Iran cuts off the UK and French oil over the weekend as well as warships going into the Mediterranean. This will no doubtingly send oil a few dollars a barrel higher at already dangerously high levels in foreign markets and Tuesday morning. These oil prices are approaching the "every ones attention" level of $110-$115 a barrel. Volatility will definitely be of higher concern Tuesday am. This oil story will turbo boost the volatility with a 'we need more time' outcome in Europe and will likely help offset a Europe 'here is your money' Greece outcome.
I held my TVIX position over the weekend as I see the upside from the below 20 level being so large I did not want to miss that moment with less shares. These big volatility 'moments' are fast approaching and there was no way I was going to be short over a 3-day weekend.
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