Velocityshares Daily 2X Vix Medium Term (TVIZ)

[gldtimer]

CAT Continues to Implode...Down 20%

https://www.crescat.net/wp-content/uploads/CGMC-Report-2017-11.pdf

These guys are certainly not weak sisters locked in what appears to be a 'take-it-to-the-grave' position shorting China and the world. One huge problem for them is obviously redemptions as their investors don't have the stomach for losses the management does.

Interesting that the recent letter to investors says in a nutshell...don't sell is now, you'll be sorry later.

This is the classic use of fear (missing out on the pop), used to combat the fear of further losses to keep investors from fleeing...cute how they used Warren Buffett as an example.

Nasty being a CAT holder faced with the possibility of two negative outcomes.