Tamie buys TVIX 11.75: This drove a small recovery in TVIX on Friday, moving the stock up 25%. There certainly may be more gains to come due to the upcoming economic calendar and instability in Global markets.

Janet Yellen announced that the rate will remain unchanged and focused on the volatility in the Emerging Markets. With the Fed rate decision looming, the ETN experienced a massive upward move before falling just before the decision. The decline seems to have been triggered by the decline in natural gas prices, driven by the weekly inventory data, which showed that supplies increased more than expected last week. However, guidance for the fourth quarter fell short of expectations. Also, as I have no knowledge of your circumstances, goals, and/or portfolio concentration or diversification, readers are expected to complete their own due diligence before purchasing any stocks mentioned or recommended.


Maple:
Monday morning quarterback: I am happy with my decision to make this a quick trade, but I could see buying this company again in the future.

Daphine:
Monday morning quarterback: I am very happy with my decision (the price as I write this article is back to $28ish), but I could see buying this fund again in the future.

Olga:
Monday morning quarterback: I am happy with the entry price and yield.

Olimpia:
Market gave me an amazing price.

Phung:
Always remember, paper gains may come and go, but cash is forever.

Lisha:
But enough of my grandstanding, let's see what happened and you tell me if my strategy has merit.

Amelia:
I was also able to utilize the irrational volatility (especially of Aug 24) to be aggressive in establishing positions in tremendous blue chip companies at big discounts due to limit buy orders.

Kristy:
With the S&P down -5.25% for the month, I was pleasantly surprised to see that my portfolio was only off -1.97% on paper for the month.

Mackenzie:
Based on an average daily trading volume, of 12,804,405 shares, the days-to-cover ratio is currently 0.8 days.

Calandra:
Based on an average daily volume of 5,398,391 shares, the days-to-cover ratio is currently 1.6 days.

Daily 2X VIX ST ETN Velocityshares (NASDAQ:TVIX)
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