VelocityShares Daily 2x VIX ST ETN (TVIX)

[gumbie05]

My two cents: The deteriorating factor in these TVIXs make it very difficult to play on the long side! The S&P is "BELOW" it's April's lows in which the TVIX's were trading between $4.50 - $5.00 during the same period! This thing is like trying to trade a sub penny stock in that.... in each and every "rally" there is a flood of "NEW" shares that come into the market making the burden too much to absorb! If these TVIXs continuously issues "new" shares (i.e. Unlimited printing) then the end result is ALWAYS the same (Overall lower prices)! That's why this thing had a REVERSE Split the last time and even if the market tanked by 1,000 points or more it'll NEVER get to it's 52 week high of $19.00 (there's TOO any shares)! FYI- I'm going to unload my position ($ cost avg = $4.30s) in this "next" rally....
- JMHO