VelocityShares Daily 2x VIX Short Term ETN (NASDAQ:TVIX)

CAPS Rating: 1 out of 5

Recs

5
Player Avatar TMFUltraLong (99.95) Submitted: 8/5/2011 3:21:33 AM : Underperform Start Price: $2,844.00 TVIX Score: +17.45

There are ETF's... and then there's this garbage. Tracking volatility is already an absurd attempt by man... trying to harness it as an investment tool, possibly the dumbest idea ever. This has potentially the worst chance of any ETF in the market of heading higher for any long period of time. Give this a few months and I'll be up. Whether we bottom quickly or it takes a few weeks, I'll be up in due time.TMFUltraLong

Report this Post 2 Replies
Member Avatar bridgeboy0 (31.21) Submitted: 8/18/2011 4:38:12 PM
Recs: 3

I agree with your premise but not your 3 month time frame that you put on this pick.

Member Avatar m9ie3 (32.25) Submitted: 11/11/2011 1:01:04 PM
Recs: 0

I don't think it's that bad. You just can't hold on to it for more than a few hours.

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