Monday, November 8, 2010

VXX To Jump Tomorrow!

The one and only VXX, will jump 4X tomorrow.

Nominally that is, as it does  a reverse split. Barclays has the right to do the reverse split if the price falls below $25.

VXX is the dreadful ETN that loses value every month by doing nothing.

Reverse splits used to the kiss of deaths for stocks. Now, they are the gift that keep giving and giving for the issuers of certain ETF horribilis, and leveraged ETFs.

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