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

CAPS Rating: 1 out of 5

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Member Avatar Shankapotamus (22.45) Submitted: 12/12/2014 11:52:14 AM : Outperform Start Price: $2.87 TVIX Score: -22.86

The end of the world is near! :-)

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Member Avatar panda72 (99.83) Submitted: 12/11/2014 11:33:04 AM : Underperform Start Price: $2.41 TVIX Score: +5.81

Volatility tracking index. Contango in the futures markets doom these instruments to decay towards zero over long periods of time. See UVXY for real money short.

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Member Avatar bbmaven (100.00) Submitted: 12/4/2014 4:37:53 PM : Underperform Start Price: $2.17 TVIX Score: -5.00

We are closing in on the time for the next reverse split in TVIX. When ETF's and ETN's get down into single digits, they often do a reverse split to continue trading. TVIX implemented a reverse split on December 21, 2012 issuing 10 shares for each one outstanding when it got down below $1.00; it then executed another 1:10 reverse split on August 30, 2013. I am surprised we haven't heard about the next one yet, but it shouldn't be too much longer.

The volatility ETF's or ETN's (TVIX, TVIZ, VXX, UVXY, CVOL, VXZ, VIIX, VIXM, VIXY, XVZ and some others) are based on VIX futures - some short term, some longer term. When volatility is high, they will spike. However, that averages around 10% of the time over the course of a year and usually doesn't last long. When volatility is low, it costs the funds a great deal to continue to roll both the short term and longer term futures. When the longer term futures reflect more volatility than the shorter term futures (which is true about 90% of the time, the resulting phenomenon is called contango - TVIX will go down even if the vix stays static. The reverse is called backwardation - but is also usually short lived.

In essence, each of these as long term investments are horrible - they WILL go to zero eventually. In fact, their design almost dictates that they do so. They are the safest short on the planet except for one thing - when the spikes in volatility occur, it is tough to maintain the shorts as the shares become extremely difficult to borrow. If one is over allocated, the margin requirements become severe. And there is a good chance that one's short can get closed out at the worst possible time.

This is not a problem in the CAPS game. Each of these will go down in the long term - GUARANTEED.

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Member Avatar craze191st (80.89) Submitted: 10/17/2014 2:32:30 PM : Underperform Start Price: $4.63 TVIX Score: +61.00

Contago will ensure this loses value.

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Member Avatar TerryHogan (99.93) Submitted: 7/15/2014 2:08:51 AM : Underperform Start Price: $2.66 TVIX Score: +18.14

2x short ETFs stink. Futures based ETFs stink. This thing is a rotten long-term holding. Should only be used to lose money by people who think they can time the market (or to make money by people who drive a DeLorean with a flux capacitor)

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Member Avatar ruinas (54.08) Submitted: 6/3/2014 5:56:11 PM : Underperform Start Price: $4.22 TVIX Score: +53.68

retest old lows

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Member Avatar elvisbeatlesfan (37.06) Submitted: 5/27/2014 12:28:07 PM : Outperform Start Price: $3.86 TVIX Score: -47.87

Volatility expected to return

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Member Avatar XMFDivine (38.89) Submitted: 4/18/2014 1:24:52 AM : Underperform Start Price: $6.50 TVIX Score: +76.21

Contango, constant reverse splits

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Member Avatar gatzbp (93.72) Submitted: 3/7/2014 1:02:42 PM : Underperform Start Price: $9.16 TVIX Score: +91.53

seems you can only compete with top CAPS if you short all the levered ETFs, so i'm capitulating and doing that.

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Member Avatar BryanLitchford (< 20) Submitted: 10/14/2013 5:41:56 PM : Outperform Start Price: $14.87 TVIX Score: -106.45

Look to this stock as a safe bet against a United States Government Default

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Member Avatar TulipSpeculator1 (88.58) Submitted: 10/11/2013 12:02:58 PM : Underperform Start Price: $13.99 TVIX Score: +105.75

VXX is designed to go to zero. TVIX is 2X leveraged and sinking even faster

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Member Avatar DLester78 (74.69) Submitted: 7/31/2013 12:48:22 PM : Underperform Start Price: $17.70 TVIX Score: +110.02

beefing up my score

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Member Avatar L0RDZ (78.43) Submitted: 7/11/2013 2:14:15 PM : Underperform Start Price: $22.10 TVIX Score: +114.01

Lordz presents for your entertainment:

Alan Stanwyk: If you reject the proposition, you keep the thousand - and your mouth shut.
Fletch: Does this proposition entail my dressing up as Little Bo Peep?
Alan Stanwyk: It's nothing of a sexual nature, I assure you.
Fletch: Yeah, I assure you.
Alan Stanwyk: One thousand just to listen. I don't see how you can pass that up, Mister...?
Fletch: Nugent. Ted Nugent.
Alan Stanwyk: Alan Stanwyk.
Fletch: Ellen? Charmed. You know, for an extra grand, I'll let you take me out to dinner...

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Fletch: You know, I came this close to buying this place, but then I found out that Hop-along Cassidy killed himself here.
Alan Stanwyk: Who?
Fletch: Hop-along Cassidy. Bow and arrow. Very Weird.
Alan Stanwyk: What, are you doped up now?
Fletch: Don't talk to me like that, ass-face, I don't work for you, yet.

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Alan Stanwyk: Do you own rubber gloves?
Fletch: I rent. I have a lease, with an option to buy.

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Hispanic Housekeeper: Buenos días.
Fletch: Pup 'n' Taco.

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Waiter: Excuse me sir, you are a member of the club?
Fletch: No, I'm here with the Underhills.
Waiter: The Underhills? They are left, Señor.
Fletch: Oh they'll be back. He went out for his urinalysis.
Waiter: Would you like to order something, sir? I will put it on the Underhills' bill.
Fletch: Oh, yes. Very well. I'll have a Bloody Mary, a steak sandwich and a...steak sandwich.

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Fletch: I'm a friend of Alan's. I'm John.
Gail Stanwyk: Ohhhh, John. John who?
Fletch: John C0ck... tos... ton.
Gail Stanwyk: That's a beautiful name.
Fletch: It's Scotch-Romanian.
Gail Stanwyk: That's an odd combination.
Fletch: So were my parents.
...
Fletch: I saw Alan this morning and you know what I can't figure out?
Gail Stanwyck: Alan's in Utah
Fletch: I...can't figure out what I was doing in Utah this morning.
...
Gail Stanwyck: You know, if I had a nickel for every one of Alan's flyboy buddies who hit on me, I'd be a rich woman.
Fletch: You ARE a rich woman.
Gail Stanwyck: See what I mean?

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Fletch: Do you have caviar?
Waiter: Si señor, Beluga, but it is 80 dollars a portion.
Fletch: Well, I better just take two portions of that, then.

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Gail Stanwyk: You ordered lunch to my room.
Fletch: Well, I knew that's where my mouth would be.
Gail Stanwyk: Are you always this forward?
Fletch: Only with wet, married women.

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Madeline: I'm sorry, who are you again?
Fletch: I'm Frieda's boss.
Madeline: Who's Frieda?
Fletch: My secretary.

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Dr. Joseph Dolan: So where do you know Alan from?
Fletch: We play tennis together at the club.
Dr. Joseph Dolan: Really? The California Racquet Club?
Fletch: Yes.
Dr. Joseph Dolan: That's my club too. I don't remember seeing you there.
Fletch: Well, I haven't played in a while because of these kidney pains.
Dr. Joseph Dolan: Right. Now, how long have you been having these pains, Mr. Barber?
Fletch: That's Babar.
Dr. Joseph Dolan: Two bs?
Fletch: One. B-A-B-A-R.
Dr. Joseph Dolan: That's two.
Fletch: Yeah, but not right next to each other. I thought that's what you meant.
Dr. Joseph Dolan: Isn't there a children's book about an elephant named Babar?
Fletch: I don't know. I don't have any.
Dr. Joseph Dolan: No children?
Fletch: No, elephant books.
...
Dr. Joseph Dolan: You know, it's an odd name, Babar...I don't recall seeing it on the club register.
Fletch: Well, I don't formally belong. I'm a guest of my aunt.
Dr. Joseph Dolan: Your Aunt?
Fletch: Yes. Mrs. Smith.
Dr. Joseph Dolan: June or Margaret?
Fletch: Uh-huh, right.
...
Dr. Joseph Dolan: You know, it's a shame about Ed.
Fletch: Oh, it was. Yeah, it was really a shame. To go so suddenly like that.
Dr. Joseph Dolan: Ahh, he was dying for years.
Fletch: Sure, but... the end was really... very sudden.
Dr. Joseph Dolan: He was in intensive care for eight weeks!
Fletch: Yeah, but I mean the very end, when he actually died. That was extremely sudden.
...
Dr. Joseph Dolan: Drop your shorts and bend over.
Fletch: No...we don't have to, I mean, maybe I just haven't been doing enough calisthenics...you know, my kidneys feel a lot better now, maybe if I just bent over like this every morning......
[Dolan inserts his finger into Fletch's anus with an audible "pop" sound]
Fletch: [singing] Moon River......[talking] Whew...ever serve time, Doc?
Dr. Joseph Dolan: Breathe easy.
Fletch: Yeah...breathe easy... Ahh!! Using the whole fist, Doc?!
...
[After the proctological exam]
Dr. Joseph Dolan: Well, I can't seem to find anything wrong with you, Mr. Babar.
Fletch: Well, I'm sure it's not for a lack of looking.

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Receptionist: Can I help you Dr...?
Fletch: Oh it's me, Dr. Rosenpenis. I'm just here to check out Alan Stanwyk's file.
Receptionist: Dr. who?
Fletch: Dr. Rosenrosen, I just need to get to the records room.
Receptionist: What was that name again?
Fletch: It's Dr. Rosen, I want to check the records room.
Receptionist: Dr. who?
Fletch: Dr. Rosen! Where's the records room?

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Pathologist: Ever seen a spleen that large?
Fletch: No, not since breakfast.

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Fletch: Where am I?
Records Nurse: You're in the records room.
Fletch: Oh. Do you have the Beatles' White Album? Never mind, just bring me a cup of hot fat. And the head of Alfredo Garcia while you're at it.

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Member Avatar SmartAce (99.88) Submitted: 5/6/2013 10:59:51 AM : Underperform Start Price: $94.30 TVIX Score: +143.94

short roman numerals

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Member Avatar HoldThatWinner (30.71) Submitted: 3/21/2013 2:06:46 PM : Outperform Start Price: $38.08 TVIX Score: -128.37

I think volatility will spike here as I believe an 8-10% correction starts today.

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Member Avatar StarWitchDoctor (99.42) Submitted: 1/30/2013 1:29:42 PM : Underperform Start Price: $49.75 TVIX Score: +133.29

merry go round

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Member Avatar ryppyaivo (87.03) Submitted: 12/23/2012 3:15:53 AM : Underperform Start Price: $99.40 TVIX Score: +143.52

Leveraged product. Bad expected return.

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Member Avatar bzhayes (99.23) Submitted: 12/13/2012 5:48:12 PM : Underperform Start Price: $146.00 TVIX Score: +147.16

bbmaven

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Member Avatar TMF42 (95.62) Submitted: 10/12/2012 6:38:15 PM : Underperform Start Price: $144.00 TVIX Score: +143.47

Flawed vehicle -- it eats itself, and doesn't even taste good.

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Member Avatar 401King (< 20) Submitted: 6/28/2012 12:22:47 AM : Outperform Start Price: $590.00 TVIX Score: -156.67

Down 90% since October, should gain from near-term volatility. Was up 60% during market drop in May.

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