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Bullboard - Stock Discussion Forum BETAPRO SP500 VIX ST FTRS 2X DLY BULL T.HVU

TSX:HVU - Post Discussion

BETAPRO SP500 VIX ST FTRS 2X DLY BULL > Something's not right about hvu erosion.
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Post by cavedweller54 on Aug 24, 2015 12:42pm

Something's not right about hvu erosion.

I did a post with my concerns and I think there should be an investigation as to where all that money goes to. They talk about rebalancing but all I see is syphoning off money and saying that's the way these leveraged products work. There's just something wrong with the math here. They did exactly the same thing on their last consolidation. Anybody have any idea what's going on.
Comment by Nakate on Aug 24, 2015 2:20pm
These vix following double etfs are nothing but trouble if you don't know everyting about how they calculate the value of the nav. first off its tracking sept and october vix future and that % changes daily then there is the currency adjustments you have to factor in  then there is the bid ask which does not always truly reflect the price that the instrument should actualy be trading at.  ...more  
Comment by scotyfilms on Aug 25, 2015 8:30pm
I agree;  its a scam.  But my friend has probably made over a tripple in the last few days.  This thing will only work for you in a corrective period.   Like this week so far.  Most of the time you are going to lose.  And yes someone is making a huge pile off of the gambles.  I thought I'd learned my lesson with this but it sucked me in this morning once ...more  
Comment by cavedweller54 on Aug 26, 2015 12:18am
Making a bundle off the gambles is one thing but I think there's something criminal going on here. None of the other levered products go down this much on rebalancing. I'm talking tens of millions. I've been watching this for a long time and there's something illegal going on from the inside. Everyone's money doesn't just disappear. Someone figured out how to scam it and ...more  
Comment by scotyfilms on Aug 26, 2015 11:07am
totally agreed
Comment by scotyfilms on Aug 26, 2015 11:12am
Another thing is What the frik is the value of this thing.  Its got no P/e its got no value.  Its simply a gambling wheel.  I think the laws of Wall Street have eroded WAY too far.  The Stock Market should be a place where good ideas can be funded and prospered upon.  Nothing else!!!  This is nothing more than a contribution to the down fall of society.
Comment by MayorRobFord on Aug 26, 2015 1:28pm
I'd get the F outta HVU if I were holding it. S&P breaking the downtrend.
Comment by Nakate on Aug 25, 2015 8:38pm
the hft trading algos probably get most of it the rest goes to the rebalancing of the future contracts as it constantly rolls over and currency fluctuations. These things are not for the long haul as the erosion will wipe you out quite quickly if you don't sell the winners when you have them. As they say greedy pigs get slaughtered 
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