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All for profit companies need to earn a profit or they go out of business eventually. Any company like this one which appears to have no model to create a profit for themselves or even cover their operating costs is one I certainly wouldn't entrust my money with.

You have to ask yourself if you're trading something as liquid as ES and it works on many different futures, what impact will it have on you if someone "steals" it? Especially if that person is someone making $5 an hour in India (which you know because that's what you're paying them!) It would...

One issue is that it leads to gaming in pro-rata tenders where the rational behavior becomes everyone short tendering an infinite amount.

does that mean the author of this articled is not qualified to chip ice in antarctica?

Definitely a valid reason to look for a reverse split.

Good point.

If you know how to code yourself and just don't have the time, this would work. If you don't know how to code, integration would be difficult and it wouldn't be maintainable. If I was putting my money on the line with an automated system I'd either want to know that I understood how it worked or...

If basic math is ivory tower... Well I can see you will continue to completely miss the point. Some things in life are a bit complicated and believe it or not being educated in the specific field helps you understand them. I'm an electrical engineering undergrad, would you say I'm resorting to...

Yes, I've read the prospectus in detail, this is an ETN I've invested in for some time. You're missing the fundamental aspect of how the ETN works, it does indeed track a fixed formula "One series of ETNs that is linked to the performance of the S&P 500 VIX ShortTerm Futures™ Index TR that is...

You can go somewhere like Quantifiable and program it yourself for free and use their back testing data for free. You'll need to learn rudimentary Python, but I you have any technical bent (which you probably do given your trading interest) you can pick up what you need to know from 10 hours...

First, the inability to find shares to short is a legitimate issue with ETFs that you wouldn't find in spot forex. However ETFs are not subject to the uptick rule, so trading halts would be the only thing to impact you there. As to the original post, I was giving you the benefit of the doubt by...

How do you figure that? ETFs don't have any more counterparty risk than any other cleared security. Perhaps you were thinking of ETNs? And no counterparty risk with spot? If the broker/bucket shop you're trading spot with goes under do you really think you'll get your money back? Unless by spot...

The ETN price is based on the "exposure to a daily rolling long position in the first and second month VIX futures contracts". If the underlying index falls by 10% the ETN falls 10%. Full stop. Doesn't matter if the ETN is trading at 100 and falls to 90 or trading at 10 and falls to 9. Buyers...

If the stock or ETF goes from 10 to 3 it's exactly the same as it going from 100 to 30! Reverse or forward splits are irrelevant. For this ETF specifically it's irrelevant. There are some odd issues with being classified as a penny stock that may increase transaction costs if the per/share cost...

Not sure why the reverse split is at all relevant to anything? Until it goes low enough to trigger some broker's penny stock rule/fees it doesn't make a whole lot of difference.

You too can be "priveleged" if you want to do the work to get into the right undergrad program with the right degree and graduate with a high gpa, work 80+ hour weeks for several years as a spreadsheet jockey/copy boy living in a studio in NYC, do the work to get into the right MBA program and...

What a bizarre disjointed rant, hit the moonshine a little too hard tonight? BTW, insinuating someone is gay is about as insulting as insinuating they're left handed in my world. If it's meaningful in your world than there's a good chance you're surrounded by rednecks, people who believe in a...

It's not related to Siegfried and Roy, but I don't know why in the world I'd be offended if you related me to them. Because they're gay? The fact that you see that as some kind of an insult both says a lot about you and reinforces my original view of you as a 'murican fitting of your handle. Of...

Funny to see Banjo espousing a word coined by Karl Marx!

Clarke's Third Law, "Any sufficiently advanced technology is indistinguishable from magic."