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

TSIF (99.96) Submitted: 7/12/2012 1:42:29 PM : Start Price: $41.80 TVIX Score: +29.37

I agree with my fellow fools that TVIX is completely broken and should break down. I have played it and other VIX ETF's up occasionally in a completely Foolish gaming it way, using them for market sentiment measurments. TVIX stopped buying new shares leaving it closed end. It then got way out of alignment as "fear" in the market generated risk by those who didn't follow the changes. The ability to 3X a VIX is purely magic that doesn't work well in this world! Decay is rampant. I don't know if this one will reverse split again and continue dropping or fade from existance, but I plan on riding this one DOWN for awhile regardless of how I think the Fear Sentiment in the market is going to run.