VelocityShares Daily 2x VIX ST ETN (TVIX)

[gumbie05]

FYI- I'm back now that the "markets" are looking to do their "rally" and it is likely that the TVIX could be heading back down towards a "Buying" Opportunity!

I hope everyone took advantage of getting the TVIX's in the high $5s (I picked very little last time around) and took advantage of getting out when it hit $10 (I got out in the low $9s)!!

Here's the play: It looks like the CPs (with their CBs) will try to rally/ reflate the "markets" (Dow) run up to 17,200, NASDAQ to 5,000, and S&P to 2,000! In that event the TVIX will see $5s...AGAIN! That's the safe bet: Picking up the TVIXs in the $5s (mid $5s is preferable) and then waiting to see if the "reflation/rally" runs out of steam and then wait for the next drop! Patience is the key with these TVIXs! Wait for your prices and DON'T overpay as these deteriorate rapidly if you're caught wrong!
- JMHO