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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: comorgan ⎊  😊 😞
Number: of 15054 
Subject: Re: BRK.b 1.674 x book
Date: 02/21/2024 9:35 PM
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No. of Recommendations: 3
Final day it was open, I think it was down about 94%.

I was only following on paper with SVXY, but the backwardation strategy of S&P 500 VIX futures introduced on the old MI board some years ago would have gotten real money out a day or two before Volmageddon. *

From 1Q16 when the signal went green to then, it was around a 7-bagger. Of course, if you missed the sell signal, you broke even only a couple of months ago. If you held XIV, you had no such luck as the ETN folded.

I stopped following, but IIRC, the SVXY calculation changed such that the strategy will not work the same as when introduced.

Chip

* That's the only real-time MI signal I recall that was arguably more spectacular than Jim's bottom call in March 2009.
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