Seeking Alpha
  • 1980XLS
    IDCC ripping
    11/14/11
    Reply (15)
    • nasalpancho: tvix is ripping too :)
      11/14/11
    • Eric Stalee: Speaking of TVIX, http://bit.ly/uJiHSk Time to leave so soon? :(
      11/14/11
    • Eric Stalee: Because if Credit Suisse fails...
      11/14/11
    • Demi9OD: I just would not suggest trying to hold it to the bottom. 150 is about as much as one can realistically expect in the case of a crash, IMO.
      11/14/11
    • Demi9OD: Inq7 with his sell @ 400 or 900 or whatever is ridiculous, if it ever gets there you better be sitting on a palette of gold.
      11/14/11
    • Eric Stalee: I actually can see it going to 250 because the summer crash where it went to 112 was insignificant compared to 2008. But I don't see it
      11/14/11
    • Eric Stalee: going past 325.
      11/14/11
    • Eric Stalee: My price target is around 250 though. Unless it skyrockets overnight or something.
      11/14/11
    • Demi9OD: It opened Nov. 30 @ 112, VIX was at 23.5. Wasn't around for the 2010 summer crash.
      11/14/11
    • inquisitivemind7: 250 target is realistic&doable IMHO BUT like he said it can momentarily overshoot to 300+. I doubt it will stay up there that long.
      11/14/11
    • inquisitivemind7: If CS fails, TVIX might be in trouble but it should be okay--slightly concerning :/
      11/14/11
    • 1980XLS: If CS fails they can bail themselves out buying TVIX. Then they won't fail.
      11/14/11
    • inquisitivemind7: lol 1980XLS, someone at CS is probably piling into TVIX to hedge themselves.
      11/14/11
    • inquisitivemind7: "The ETNs and payment of any amount due on the ETNs are subject to the credit risk of Credit Suisse" http://bit.ly/sITezf 2pg prospectus
      11/14/11
    • inquisitivemind7: surprisingly easy to read and very straightforward. didn't read any of the fine print though.CS failing is unlikely, other banks more likely
      11/14/11