Replies to post #38980 on VelocityShares Daily 2x VIX ST ETN (TVIX)

[leopard messiah]

Agree that it’s gonna drop eventually. But will it crash 10-20%, or more 7% pullbacks like last week?

2nd Q numbers will be abysmal, but could some of that be baked in? In any case, I’m with you and won’t hold longs through reporting. But that’s six weeks away. Plenty of time for exuberance.

Btw, I’m speculating medium-term, not day to day here. TVIX is tricky intraday, although you often get nice scalps off the daily bottom or soon after a morning index gap-up.

If I’m right, I’ll start accumulating TVIX around $100 and and hope for a 50-100% move. Disastrous virus news will gum these works up.

Best of luck.