Replies to post #1428 on VelocityShares Daily Inverse VIX Short Term ETN (XIV)

[MaineMan5]

I have been in and out a few times over the past year or so, but never held for more than a couple weeks to a month, and always came out ahead.......until now. I think this will be very difficult to make much money on until the 15th, when the distribution amount is set at the indicative value. As time goes on here, I expect the share price to converge with the indicative value and track it pretty closely. That is not to say the indicative value won't go up in the next week, and it's already pretty close now, but I've resigned myself just to get back what the value is next week.