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02-21-2012, 11:55 PM #1
Is anyone watching this ETF as closely as I am? For those who dont know it is VelocityShares Daily 2X VIX Short Term ETN. The past week the volume went crazy and now I am just about ready to back up the truck and pile on. The only weird thing that I have seen is an article that just got released after close.NEW YORK, Feb. 21, 2012 /PRNewswire/ — Credit Suisse announced today that it has temporarily suspended further issuances of the VelocityShares Daily 2x VIX Short-Term ETNs (Ticker Symbol: “TVIX”) due to internal limits on the size of the ETNs. This suspension does not affect the Early Redemption rights of noteholders as described in the pricing supplement. Other ETNs issued by Credit Suisse are not affected by this suspension.It's not enough to succeed.
Others must fail.
02-27-2012, 01:48 AM #2
Just because it looks cheap doesnt mean it cant go lower
this has an inherent time decay do to the leverage of 2x etf and the use of swaps.
Also even though volatililty is low it can still go much lower. In the past when we have had pomo or liquidity flush injects on nearly a daily basis volatility can go to near nil and the vix culd go to 11.
I'd personally wait till confirmtion. Last year when we had qe2 there was no volaitliy in the markets for months.Kunal Desai