VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Jayman1980]

I bet it will be at the Saudis break even point. Somewhere in the mid-teens maybe. I really don't think its possible to go under 12$. I think I am a buyer of UWTI at $20 dollar WTI, to make sure I am in there when it pops hard. Seems the market is into self fulfilling prophecies lately, not so much fundamentals or emotional peaks. Pick up what I can under that. Maybe UWTI@ .60 when $20 comes around. So much fear, good for buying into. Good luck.