SVXY -- Broken ETF? or Trade of the century?

So as we all know, the $SVXY ETF's panic mode was activated after hours on mon 2/5/18 causing a, to put it lightly, TREMENDOUS sell-off in after hours trading. If SVXY             opens down around the current levels, I am willing to bet that the the SVXY             ETF will not remain 'broken' and will be 'fixed', so to speak, and retrace much of its after hours move (my guess is to the the 600MA? lol)
that's not how this etf works, it emulates the daily move of vix, the loss cannot be recovered unfortunately
@drshoe, that's not 100% correct... longterm (depends on the volatility) SVXY can recover. so after the corrections the volatility will go down again, the VIX will go down and as a conclusion the SVXY will go up again.
drshoe FXFreedomFighter
@FXFreedomFighter, sorry I meant not in the short term. in the long term if the market remain low volatility then it could recover theoretically.
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