VelocityShares Daily 2x VIX ST ETN (TVIX)

[eric4x]

Questions regarding the recent "fat-finger" trade.*

There might be no way to get the answers to most of these questions, but I'll ask them anyhow. Regarding the TVIX afterhours trade of June 20, 2012, at 16:24:42, 800,000 shares were traded at $4.7614:

Does anyone know what happened with this 800,000 shares? How was this trade carried out? How could so many shares change hands at one time in an After Hours trade? Was it sold on the bid price or the ask price? How was the price both so unusual and so precise? Why didn't it affect the trades which came later the same night?*

According to chainweight: "large short positions on the ask have been slowly driving this price down." . . . "It's as if a large institution is shorting this thing into the ground only to cover and buy large for the up coming crash."*

This comment seems to be related to the trade in question.*

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76888030
--*

Regarding the question of a Reverse Split, when UVXY went through this I believe it had been down for a while. It takes time to set up the reverse split. It isn't just something that happens automatically when the price dips below 5 dollars. Also, after the reverse split occurred, the price of UVXY just kept dropping and dropping. TVIX didn't drop gradually like it was supposed to, but it dropped very suddenly at a later date.*

The point is that the reverse split seems to precede a downward trend in the price. If there is no reverse split announced, we can only hope this means that the issuers believe the price will not keep falling. If we are waiting to hear an announcement about a reverse split and we don't hear it, we could assume that "no news is good news."*

If we were in a true bull market, the prices of the "bear shares" would just keep dropping, never to recover. This is what was happening in March, and earlier. Since April, every downward trend in our share prices has reversed itself, and come back up to at least the same height as it was before. The trick is to know the overall trend of the market. Everyone on the "bear share" pages predicts a market crash, but this is what the "perma-bears" are always saying. How can we be sure?*

http://i1175.photobucket.com/albums/r625/eric4x/TVIXfat-fingertradeJune202012.jpg