Replies to post #17733 on VelocityShares Daily 2x VIX ST ETN (TVIX)

[ChrisJP]

And as I'm sure you can guess, I got rid of all of my $TVIX today between 6.20 and 6.30.

The percentage moves it makes -- within minutes -- is too much for me.

Chris

[gumbie05]

FYI- Sold very little in the $6.20s to "protect" some profits! This looks like it'll go negative if the "markets" have another rally!! You can't fight the PPT that's been working hard all day today (and yesterday) to prevent the "markets" from dropping much!! the Fed wants to raise rates (for show of course and not by much), but it can't.... unless the "markets" HOLD near their Highs (or surpass them)! If there's so much as a >5%+ "correction" they'll HOLD and won't raise rates which will make them look more like fools than they already are!
- JMHO