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New supply hitting the market on Wednesday.
Oil could rise overnight!!!
IM SORRY TO HEAR, YOU BOUGHT A PIECE OF TRASH AND YOU LOST IT ALL WHILE COWBOYS MADE BILLIONS OFF THIS GARBAGE CAN,THEY SCREWED US ALL HERE,
THE DIRTY COWBOYS ARE DUMPING ALL THERE SHARES, FILLING UP THERE POCKETS AND SCREWING YOU ALL
THIS PIECE OF TRASH IS GOING TO COLLAPSE TO TRIPPLE CHERRIES, THE DIRTY COWBOYS SCREWED US ALL
Taking a starter position on this. Coming off bottom.
https://finance.yahoo.com/news/russia-plan-bankrupt-u-shale-000000331.html
NEW BOARD!!
Home > Boards > Commodities > Energy > Crude Oil Discussion Board
Story found on discussion board ETF ETN 1X 2X 3X
FUND CLOSING
Elective acceleration
ETF ETN 1X 2X 3X discussion board
Completed list of updated ETF ETN funds including new closures
Addition of BULL crude oil
Can be found at ETF ETN 1X 2X 3X discussion board
But that was just the tip of the iceberg. Over the past couple of weeks, nearly 30 leveraged or inverse ETNs and ETFs have closed up shop (or will be closing shortly).
* * $UWT Video Chart 03-27-2020 * *
Link to Video - click here to watch the technical chart video
Thank you. Yes I do need to get help. This was a real bone head move. I might as well try to sell it now to retain a bit of it. Like 3% of it. :(
This is a buy imo at .16-.18 to flip around .25-30 again. That being said I'm not buying till I see what oil looks like Monday!!
you'll get what the share price is at the end of that day. You're screwed basically. This etf might bounce but this is a flip play, not a long hold. You need to let someone help you with your $$ you can't just let it disappear holding crappy etf's.
Hello,
Sorry to bother you. I am brand new to Investors Hub and am wondering if anyone may be able to help me with a question I have. I saw the post about UWT and was hoping to gain some knowledge from the group. I am not sure if I try to sell my position which has going from 15 dollar to .20. Or do i wait until April 3 to get some $ back. I just don't want sell at such a loss when maybe I will receive a bit more with the redemption amount. When you say .30. Do you mean on April 3rd I may get back .30 on my original investment? So for example if it was 10k invested I would get back 3k. Or am I looking at it wrong?
I should never have bought into this. Big error on my part.
Any help is appreciated.
It's garbage it's going to get liquidated too
This is trash. You'll be lucky to see .30
It will be delisted on April 2. Citi is a bunch of crooks.
* * $UWT Video Chart 03-26-2020 * *
Link to Video - click here to watch the technical chart video
Everybody buy and hold today stop selling. We can drive it back to a dollar. They done robbed everbody on morl, mrrl, smhd, and etc ETN income stocks.... this is the last mohican right here
I went on and took my loss - good luck everyone. Didnt want my money trapped.
Good question, I’d like to know as well. When UWTI shut down it was pretty easy to understand.
Is this for UWT? Because I’m looking at the prospectus and I do not see the liquidation notice
And the lower the price is the less they have to pay you. Hint hint anyone still long deserves the beaten they are going to get from this coming apart at the seams.
* * $UWT Video Chart 03-25-2020 * *
Link to Video - click here to watch the technical chart video
They will liquidate fun and automatically cash you out?
The last day of trading for the UWT and DWT ETNs is expected to be April 2, 2020.
Citigroup Global Markets Holdings Inc., the issuer, has filed a registration statement (including a pricing supplement, a prospectus supplement and a prospectus) with the Securities and Exchange Commission (“SEC”) for the offerings to which this communication relates. Before you invest, you should read the pricing supplement, the prospectus supplement and the prospectus in that registration statement (Registration Nos. 333-224495 and 333-224495-03) and the other documents Citigroup Global Markets Holdings Inc. has filed with the SEC for more complete information about Citigroup Global Markets Holdings Inc. and these offerings. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request the pricing supplement, prospectus supplement and prospectus by calling toll-free 1-877-858-5407.
© 2020 Citigroup Inc. Member SIPC. All rights
Last day to get out today without your money being played with it looks like
VelocitySharesTM 3x Long Crude Oil ETNs
NYSE Arca
UWT
17325E291
S&P GSCI® Crude Oil Index ER
VelocitySharesTM 3x Inverse Crude Oil ETNs
NYSE Arca
DWT
17325E309
Holders of the ETNs will receive a cash payment per ETN in an amount (the “Optional Acceleration Redemption Amount”) equal to the closing indicative value of the respective series of ETNs on the final valuation date of the Optional Acceleration Valuation Period. The Optional Acceleration Valuation Period will be the period of five consecutive index business days beginning on March 25, 2020 and expected to end on March 31, 2020. The payment upon optional acceleration is based upon a declining exposure to the ETNs’ underlying index over the Optional Acceleration Valuation Period. The closing indicative value of the ETNs will be calculated on each day during the Optional Acceleration Valuation Period so that the applicable leverage of the ETNs does not reset after the period begins. The Optional Acceleration Redemption Amount is expected to be paid to investors on April 3, 2020. More information on the manner in which the Optional Acceleration Redemption Amount will be calculated, including the circumstances in which the dates specified herein may be postponed, is available in the pricing supplement for the ETNs, which is available at the following hyperlink
DWT popping up 7% UWT down to 17 cents soon. Be advised fund closing April 4
I have not received this letter from E*TRADE.
Added TRGP Tuesday. The 3x long crude garbage is falling apart. I said last week buy the underlying companies which are steadily moving higher. They will explode higher when trump puts a tariff on imported crude after he gets my letter. Thank me later when crude is $55.
* * $UWT Video Chart 03-24-2020 * *
Link to Video - click here to watch the technical chart video
Fund owned by Citi..Big Banks pay 10% fines for there criminal practices on 3x leveraged funds and taking your money is 90% profit. They make the rules and nothing the SEC going to about it as they are in bed with the Big Banks.
Wall Street Casino will take your money especially on 3 x funds. Are you a good gambler.
The ETW’s will be liquidated, not the symbol or the company!!
UTW will continue trade on 2 separate platforms ( markets )
ETW’s will trade starting tomorrow til the 4/3
This should be fun!!
Because Russia can’t their prices down with China for long...
Russia will back out any day now and crude oil per barrel will skyrocket!!
I’m thinking $30 to $40 in the next month!!
Never will happen last Oil fund UWTI screwed over investors run by Credit Susie, another shady Big Bank, after that shady Citi started UWT another investor rip-off
I just read thru the posts below & per this link, UWT & DWT both are going to be liquidated on 4/3 by Citigroup Global Markets Holdings Inc.(not just by the issuer).
https://www.businesswire.com/news/home/20200319005840/en/Citigroup-Announces-Acceleration-Series-ETNs
I just read thru the posts below & per this link, UWT & DWT both are going to be liquidated on 4/3 by Citigroup Global Markets Holdings Inc.(not just by the issuer).
https://www.businesswire.com/news/home/20200319005840/en/Citigroup-Announces-Acceleration-Series-ETNs
I just read thru the posts below & per this link, UWT & DWT both are going to be liquidated on 4/3...phew.
https://www.businesswire.com/news/home/20200319005840/en/Citigroup-Announces-Acceleration-Series-ETNs
Unfortunately it doesn't have anything to do with Fidelity, it has to do with the actual creator / issuer of the fund. They are basically 'killing' the fund. You will not have the option to keep your shares, no one will. They said it is all in the prospectus, their right to do it...still it screws people who are wanting to hold long term.
I sold this afternoon @ $0.227, my avg cost was $0.47 so I took a 50%+ haircut.
It amazes me, I been trading since 1999, I'm 53 now, and I'm still finding new ways the big guys screw the little guys...smh but I remain undaunted, best of luck to you in all your trades!
Thank you - undaunted.
1) Is this with just Fidelity or other issuer's as well(like etrade etc)
2) After 4/3, are they going to liquidate the portfolios or just block trading.
3) Me, I better stay stuck than selling now as mine is under water anyway(-90%). Sure, it will come back soon & I prefer stay stuck.
Any other's having any addtl info, please pitch in.
I got one too in my email. I called the Fidelity desk this morning, this will not be tradeable either on or after April 3rd. Per the issuer's right, they are calling all shares back. They will determine the price based on a formula based on the week of 3/25 to 3/31 or something like that...my eyes glazed over listening...the long and the short of it is me, you are getting royally screwed. Better to sell right now, cause if you get stuck they couldn't tell me exactly what would happen except it could be awhile before it got resolved.
And in summary, me, you are getting screwed.
Bond/CD Redemption Notice.
Call type: Full Call
What does this mean? received from Fidelity today(reg. my UWT shares).
Why CRUDE instead of SILVER?
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.
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