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

CAPS Rating: 1 out of 5

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Member Avatar pchop12316 (75.51) Submitted: 5/20/2015 11:11:18 AM : Underperform Start Price: $0.95 TVIX Score: +7.48

ridiculous ETN

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Member Avatar bbmaven (100.00) Submitted: 5/19/2015 4:53:02 PM : Underperform Start Price: $0.93 TVIX Score: +5.75

We are closing in on the time when TVIX will have to do another 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 optioncoach (93.80) Submitted: 5/18/2015 8:58:51 AM : Outperform Start Price: $1.04 TVIX Score: -15.87

I am buying volatility due to it being so low. It is also a good market hedge.

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Member Avatar john603 (55.99) Submitted: 5/16/2015 10:59:51 AM : Underperform Start Price: $1.04 TVIX Score: +15.87

following bb mavin. volatility bet. very safe short in the long run.

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Member Avatar BlazerMania (96.95) Submitted: 5/15/2015 12:44:07 PM : Underperform Start Price: $1.05 TVIX Score: +16.70

Real money trade via direct short.

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Member Avatar FVelociraptor (99.86) Submitted: 5/14/2015 2:02:34 PM : Underperform Start Price: $1.07 TVIX Score: +18.33

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 MrMighty (97.12) Submitted: 5/11/2015 9:10:34 AM : Underperform Start Price: $1.12 TVIX Score: +22.55

Constant erosion from expenses make this an easy long-term short

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Member Avatar AnsgarJohn (99.33) Submitted: 5/9/2015 12:26:34 PM : Underperform Start Price: $0.94 TVIX Score: +6.01

Daily 2x VIX Short Term

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Member Avatar APJ4RealHoldings (32.78) Submitted: 4/24/2015 7:20:23 PM : Outperform Start Price: $1.11 TVIX Score: -21.16

Bought tvix long at 1.13/share on 4/24 friday

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Member Avatar peteypab (47.28) Submitted: 4/24/2015 12:32:45 PM : Underperform Start Price: $1.13 TVIX Score: +22.79

contango

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Member Avatar TerryHogan (99.95) Submitted: 4/16/2015 2:58:40 AM : Underperform Start Price: $1.27 TVIX Score: +32.23

Futures-based ETFs in general are poor long term investments. 2X ones are even worse.

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Member Avatar Shankapotamus (< 20) Submitted: 3/4/2015 2:32:00 PM : Outperform Start Price: $2.06 TVIX Score: -58.79

time to rumble!

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Member Avatar ayaghsizian (98.28) Submitted: 1/7/2015 4:59:06 PM : Underperform Start Price: $2.79 TVIX Score: +72.91

sux

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Member Avatar craze191st (92.01) Submitted: 10/17/2014 2:32:30 PM : Underperform Start Price: $4.63 TVIX Score: +94.26

Contago will ensure this loses value.

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Member Avatar ruinas (47.97) Submitted: 6/3/2014 5:56:11 PM : Underperform Start Price: $4.22 TVIX Score: +89.84

retest old lows

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Member Avatar XMFDivine (50.03) Submitted: 4/18/2014 1:24:52 AM : Underperform Start Price: $6.50 TVIX Score: +100.72

Contango, constant reverse splits

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Member Avatar gatzbp (89.91) Submitted: 3/7/2014 1:02:42 PM : Underperform Start Price: $9.16 TVIX Score: +109.86

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: -119.00

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

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Member Avatar TulipSpeculator1 (89.48) Submitted: 10/11/2013 12:02:58 PM : Underperform Start Price: $13.99 TVIX Score: +118.90

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

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Member Avatar DLester78 (71.77) Submitted: 7/31/2013 12:48:22 PM : Underperform Start Price: $17.70 TVIX Score: +121.09

beefing up my score

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