Amazon Is a Promising Short
The bias is still to the upside. I suppose we could refer to it as "buy-us," which is what everyone in the media seems to be saying at the moment.
The lack of fear is still prevalent, although you can't tell it by looking at the VelocityShares Daily 2x VIX Short Term ETN (TVIX) over the last two days. But before you declare yourself a genius for owning this one, take note Credit Suisse is not creating new shares currently. Yes, we have another share issuance suspension creating a premium in a product that really should not be trading at much of a discount or a premium. Shorting these ETNs or ETFs, which pick up a big premium, can be a rewarding trade many times as evidenced by the iPath Dow Jones UBS Natural Gas (GAZ) recently, but I wouldn't jump to short TVIX....345 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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