Replies to post #15722 on VelocityShares Daily 2x VIX ST ETN (TVIX)

[gumbie05]

This POS is overloaded with options which start to deteriorate rapidly the longer the market "stays" up. I realized this back in August and got out (too soon)- right before that rip to $20 (had a cost avg of $6- $7 but only made $1....ugh)! The trick, as one poster stated perfectly back in August, is to get in the $5s! That's what I'm going to wait for...a entry around $5.75! At this juncture the market "could" technically aim for new highs between now and December! You don't want to be holding this while "they" try to push the Dow (18K), S&P (2,100), and the NASDAQ (5,000). JMHO