VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Mokyo Toe]

This will never reach $30 again. A lot of investors just aren't getting how this thing works. This will probably never see $4 again, but it might go sub-$1 and split.

$30 would require oil to reach $208/bbl within a few months, starting from today. If it takes longer to reach $208 (and it has never traded anywhere remotely near that price in history), this won't even break $20.

If oil bounces between $40 and $50 all summer, everyone on this forum will be underwater by the end of August.

Buying and selling single day rallies is the only way UWTI will make you much money.

There are such better ways to play oil than this.