VelocityShares Daily 2x VIX ST ETN (TVIX)

[nwsun]

Wouldn't contango eat up a slow melt up? it sure does on the way down. TVIX usually makes a move in Aug and into late Sept when there are very volatile times. The most its made is about an 700-800 rise in 2011 and that was over a 2 month period. Last Aug it was about 400%. If last Aug repeats itself, then $3.50 to 4 is possible and that would fill some gaps.. if 2011 plays out, then those gaps from earlier in the year would be filled in the $11-13 range, but as someone pointed out, the VIX would have to go up like it never has in the past to hit that high number.... But Im dreaming.