Grinding
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I'm sure we won't get the truth. Could get ugly though
A classic case of penicillin. A blunder turned great!
Kneel before the UWTI gods.
I agree with that, but in the prospectus of UWTI on the credit suisse site, the overall indicative value gets divided by the total number of outstanding shares. So if they keep adding shares, the price gets diluted a lot, unless the remove some of those shares. If they start removing them on a bull run, it would cause an extreme price jump, vice versa if they add shares on a bull run, it would make the run not as powerful as it could have been untouched.
Yeah I have screen shots on my phone back from April and May where I was trying to screen shot the outstanding shares daily, where the outstanding shares were decreasing. I have since removed all the pictures from my phone and placed on PC for memory purposes, as I do almost monthly because I've been taking so many pictures of my babies haha. When i get home I can check my PC and post some of those screen shots.
All the dilution and then the drop decay. It can see above 3.00, but would take something political. cuz it will take 63.00 WTI to see 3.00 UWTI right now.
I see a lot of new people here with the recent action, so here you go. Live in 30.
http://ir.eia.gov/wpsr/wpsrsummary.pdf
You're right. Look back at post 13199. I point out how they added 50m shares Monday. Well yesterday they added an additional 60m shares! so 60m of that volume was just them unloading magic shares.
As of today: ETNs Outstanding 442,971,607
Yesterday: ETNs Outstanding 382,621,607
Signals adding up for a move tomorrow. I'm still rooting for later in the week for my cash account.
20m just bought
Counting on it myself since I ended up selling out yesterday. 401k cash account.
Lose less if you sell and buy back cheaper. Actually end up adding shares that way.
I'm just looking at the rise from that red circled area. Was never fully covered. Is debatable.
more below as well.
47.20 and of course, 42.00, the double bottom.
Long term oil price trend line makes me believe 47.20 is the lowest possible one to get hit, and the 42.00 won't be seen.
here's the chart for why I don't see it going lower than the 47's. Dates back to 1999.
down to 49.60s
The bleeding continues.
I said I would link back to yesterdays post.
I don't disagree that it's above what it could/should be. But it's definitely down from the previous week.
Gas prices down in Houston. 2.39 last week, 2.18 today.
If only I knew sooner that it was that easy.
Bunny rabbit bring Tuesday rise, but I'm hoping Friday brings us sub 2.00. Check our other play. It's adding time. News bashing it down, sure to go up though.
Perfect!
Not a bad number to start averaging down at.
Man I should have kept my 59 DWTI you advised! Oh well.. sigh.
And yeah I was debating on selling on rabbit foot day. But I cant afford to risk that. Better to just cut those losses and miss the rabbit foot if it happens, then to risk a repeat day.
however I expect a bounce, even temporary, sometime this week. Drop too big to not cover some gaps.
I hope so now that i'm on the sidelines. I kept 1k shares in both my personal account and my 401k from 2.45, just in case. but im ready to average down hard.
I tried to catch the falling knife at 2.45, but sold at 2.34, sidelines now.
Agreed
ETNs Outstanding: 333,121,607
Compare that to the front page of what it was last week.
That number will be alot higher tomorrow I bet. 100m volume. So many are credit suisse dumping shares.
Will link back to this tomorrow to show the difference in shares in just 1 day.
Super bloody
Wouldn't be surprised now if 2.30 breaks honestly.
It definitely has.
That's my gamble too.
just got past the 4th of july weekend. So maybe. Did anyone else drive for vacation besides me?
Ouch!I see last week F%$ked a lot of people...
maybe it will work out and we drop to 1.99 and you buy back more shares than you started with. we kind of have to root against what each other wants right now. That sucks so bad damn...
Oh shit? You have margin? Buy that shit right back so you only lose trade fees.
Fingers Crossed from me for sure. I'm bagging shares at 3.01, investing on vacation like a dumb a$#
Averaged down today at 2.45.
Average = 2.71
:(
Here's that double bottom, lets see if there's a reversal
Come on back down to daddy Mr. AMD. lets get some cheapies this week.