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The market makers should be letting this thing run pretty soon because the Dow and gold are on the rise!!
Markets don’t lie as Overall markets are up but crude futures not budging. Less risk look for the UWT high of day then jump into DWT for quick day trades.
Uber and Lyft announced 70% drop in ridesharing in last couple of weeks. That’s a huge reserve of gasoline not being used. Jet fuel down to a minimum. Cruise ships anchored. Lots of sitting crude oil accumulating
I disagree the demand will be there in another week we have a cure for this coronavirus.
A doctor in New York cured 350 people in less than a week.
A doctor in Florida cured a patient on his deathbed in two days.
And another doctor in Ohio carried another lady on her deathbed.
And a doctor in France 30 days ago. Six people with the coronavirus and that was the one who discovered the treatment.
CDC just delivered over 80,000 doses to New York City yesterday and they are being administered today. We will know the results by Friday.
This is the French combo with the exact milligrams needed to be administered?:
To cure Coronavirus
In the statement, which was released Sunday, IHU-Méditerranée Infection described the treatment protocol for COVID-19 patients. “A treatment with the hydroxychloroquine combination (200 mg x 3 per day for 10 days) + Azithromycin (500 mg on the 1st day then 250 mg per day for 5 more days), as part of the precautions for use of this association (including an electrocardiogram on D0 and D2)," they write, in the translated statement. “In cases of severe pneumonia, a broad-spectrum antibiotic is also used.”
This all being said America should be back on its feet in 2 to 3 weeks!!
The price per barrel should come back up to $50 by June.
And the Dow should hit 25,000 in the next two weeks!!
That I’ll be in UWT should at least hit $4.00 per share again
They will have to give away free gasoline pretty soon. Demand not there. DWT has been the trade for the months and will continue. Russia and Saudis have to continue to bankrupt US shale so they can have better price control next year
Reminds me of Milk regulation which is up to each State. Ex New York can’t sell a gallon of whole milk for less then $4 but
In South Carolina you can buy a gallon for $1
Haha, I think you did it again. Now trading in the .32's. This is ridiculous. Crude is up, and this POS is down. Unreal Should have bought another 3x, that is actually up.
I seem to tend to buy at the high of the day LOL. UGH. I can't believe it is down. Very strange.
Best to you, this does not trade like a 3x stock at all. Should be up to .40 now, unreal. Oh well, maybe it will run later.
Well I just got my average to .4660. Hope this see that some time soon. Good Luck everyone.
Well I am averaged in above .70 but I am going to average down once again today. I am a little shocked this is down but I am just going to wait it out.
This ETF is broken. Good luck. Not trading this garbage. Should be up 15% rn
Will be above $2.00 for sure by end of week
Shorts better cover, for those going long, better load up! Dont miss the boat.
Good luck to all...
* * $UWT Video Chart 03-23-2020 * *
Link to Video - click here to watch the technical chart video
Thanks RJ - I totally agree - adding as much as I can and will just wait it out. This is insane..
Who knows what to think. You might be proven smart to buy tomorrow. This market is so unpredictable. I hope you are able to add a boatload tomorrow. Best to you. Heck any price under .30 is probably a gift, IF we can get one positive report about Oil Prices. Just one positive item. Enjoy your day.
I cant buy until tomorrow - so pissed I am missing this buy area.
If I understand it correctly, yes, that's what is going to happen.
* * $UWT Video Chart 03-20-2020 * *
Link to Video - click here to watch the technical chart video
Russia amongst the top 10 countries in the World that has the least debt. (The US on the other side the country with most debt in the World). Saudis Arabia is in the middle of the pack with debt but with recent ARAMCO IPO “ debt has skyrocketed “ and equity investments losses around the world have vastly increased.
Here's a quick list of the countries in the world with the lowest debt.
1)Brunei (GDP: 2.46%) Brunei is one of the countries with the lowest debt. ...
2) Afghanistan (GDP: 6.32%) ...
3) Estonia (GDP: 8.12%) ...
4) Botswana (GDP: 12.84%) ...
5)Congo (GDP: 13.31%) ...
6) Solomon Islands (GDP: 16.41%) ...
7)United Arab Emirates (GDP: 19.35%) ...
8) Russia (GDP: 19.48%)
Russia holds all the cards in the Oil Price battle. Unfortunately Saudi Arabia listed its oil company ARAMCO publicly in December and pushed citizens to buy. About one fifth of all citizens bought shares, many taking loans to do so. Right now, Aramco shares are valued 70% less than they were at the offering, and they are plummeting. Saudi Arabia needs to stabilize the oil market and faith in its own oil company or it will have a very disgruntled 20% of its population.
It seems quite likely that at some point, Saudi Arabia will feel pressured to do something to stabilize this market. The biggest question is how Saudi leaders will save face while doing it.
Putin knows this and has won the battle. Chess is a battle Russians know well..
Checkmate...Saudi Arabia..
So in other words, they will give you what it's worth at the end of the last trading day in cash value?
So most likely UWT is a stock to dump?
"Accelerated vesting" allows a company to quicken the schedule by which they gain access to restricted company stock or stock options issued as an incentive. If a company decides to undertake accelerated vesting, then it may expense the costs associated with the stock options sooner.
I think they are liquidating the holdings and sending out a cash payment to anyone holding the ETN equal to the value of the ETN on the closing date. The last day of trading for the ETNs (UWT and DWT) is expected to be April 2, 2020, and likewise The Optional Acceleration Redemption Amount is expected to be paid to investors on April 3, 2020.
More legal information here:
https://www.sec.gov/Archives/edgar/data/200245/000095010320005510/dp124148_424b3-uwtdwta10.htm
Can you translate these in English please?
I read the article and was more confused as to what I was reading.
We'll see what Monday brings...looking for $20.50 minimum and more likely $17/$15 area shortly...
Horse sh*t I’m still scaling in on these dips though
Either way I am buying more next week - I am out of buying power until early next week - I am buying all I can at these levels and will just hold as long as it takes. When this moves back up it will be massive and quick.
No I'm not i just explained why buying underlying companies which are so way oversold is better long term. Oilu is going away and uwt is unraveling.crudes up 1.7% uwt -.05%, oilu +5% mro+4.4% dnr+11%. Dnr moves like a leveraged ETF without the nonstop bleed. Mro is going to be a solid investment for a long term.the 3x etf/n in general are a good way to lose money long term unless u short them
I hope you are in UWT or OILU.
I'm buying oil companies vs 3x garbage which constantly bleeds. I bought DNR .25 MRO $3.6s. Both track the price of crude closely. Mro was $14 in jan. The ceo just bought $191k of stock.this is buy n hold. Pays a 5.8% dividend. Dnr I flipped it twice last week.26 to .44 then .3 to.44. Right when the 3x long crude should be a stellar buy one of them decides to stop trading shows the underlying fundamentals are weak. In a yr or 2 MRO is likely to be u 4 to 5 fold.
Dont intervene just put a tariff on imported oil without addressing the source of oil. Then sit back and watch the problem go away. Then we have crude stable near $55. Now us energy companies can plan longer term. The price of gas would be about $2.5 per gallon.
SEEKING ALPHA! U.S. MAY INTERVENE IN SAUDI-RUSSIA OIL STANDOFF. WSJ
History repeating itself Saudis dump the price of crude this time they say in response to Russia. Reality is they are doing it to put US oil companies out of business like they have done so many times before.
Time to change history forever or become energy dependent on the mideast. Simply put a tariff on all imported oil equivalent to $55 per barrel and keep it there 4EVER! Do that and the price of oil will support the US energy industry and the sandmen can go pound sand. Otherwise we become dependent on mideast oil again they raise the price go back to funding terrorist groups that kill more Americans. I worked the Oil boom in Rocky Mts in the early 80s saw the boom bust cycle and we are falling for the sameole stuff.
It should still follow 3x movements until its eventual death at least that's been my experience. Who knows what happens here. I am actually expecting a nice little run tomorrow. Will probably exit if so.
I have never held an accelerated note. Better to sell or wait for call?
Yea or a mass dumping...
Wow this may actually cause a short covering rally on this ETN.
Most of the oil stocks seeing buying.
You got a nice alert on it. I think it goes big tomorrow imo.
It "looks" like the bottom.
Thanks my first oil buy so learning
I think it will do better than the DOW.
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