VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[stocksnoway]

I don't want to hold overnight because of oil volatility?
I read the UWTI perspective and it said they could yank the rug out from you at anytime and you loose your investment.

Yes it has been a biacth here but I agree with the few that if we have not already bottomed we will be the end of this month. Now if this was trading at 400 2 years ago why can't it trade at 6 with oil in the 40 to 50 range which it goes by YE 2016?


All I hear is decay and don't hold overnight but what I can't figure out is why it got to 400 and now at 1.50 and it's still trading and read this??

http://www.etf.com/sections/daily-etf-flows/most-dangerous-oil-etfs?nopaging=1

Did any of the shorts in this thang sell it overnight and short back the next day?

Seems to me there is a HELL of allot of money to be made but the so called professionals and fund perspective say stay the hell away from a long term trade. BUT LOOK AT THE DAMNED 2 YEAR CHART!

I DUNNO comments either way are WELCOME!