VelocityShares Daily 2x VIX ST ETN (TVIX)

[gumbie05]

FYI- for those here not familiar with the deteriorating nature of these TVIXs...fun facts:

In mid November when the "markets" had their lowest down draft (S&P at 2020s)- the TVIX hit over $8.00!!

Last Friday's down draft when the S&P closed down big but "Higher" than today (at 2012) the TVIX closed at almost $9.00!!

Today the TVIX closed "LOWER" (@ $7.40s) than those two dates despite the fact that ALL three major indexes (DOW, S&P, and NASDAQ) all closed lower than their respective previous dates!!

Something to keep in mind when taking a "position" in these TVIXs! It should only be bought (for those who position trade) in the $5s....otherwise any upside surprise to the "markets" (i.e. Manipulation) will crush any rally in these TVIXs!
Have a great weekend All!
- JMHO