Replies to post #7240 on VelocityShares Daily 2x VIX ST ETN (TVIX)

[NlikeFlynn]

It's not a stock, it's an ETN. It tracks volatility or a measure of volatility in the market (VIX).

[DownWithPumpers]

why is this stock so bullish?

It's not a common stock.

TVIX tracks the VIX futures. Long-term it's designed to go to zero. But when volatility jumps it temporarily goes higher. There's a 99+% chance that it's below 2.50 within the next year.

Since it's designed to go zero it's hard to consistently trade it very well: that's because when it jumps higher everyone is tempted to sell, since long-term it goes straight down.

Please read and understand the prospectus before you consider buying it.

You can find a copy here: http://www.velocitysharesetns.com/tvix

[gldtimer]

DWP, Please don't be driving our new friends away!--lol.

First let me welcome you to the board, and second tell you their is just a bit of a disagreement as far where the price of TVIX is headed.

DWP puts the price south of $2.50,

...while I,

GLDTIMER puts the price north of $25,000.

One of us will be right the other wrong...obviously.

Do your own research and read every single post since 9/18 on the board to form you own opinion. Then either decide to place your bet or not on TVIX. Trust me, neither DWP nor myself know how this will all turn out...that's what makes this so fun!