Citi VelocityShares 3x Long Crude Oil S&P ETN (UWT)

[Sgreg]

I sold my UWT for about a $3 a share gain. Also I was in GUSH and sold that as well for about a $4.25 a share gain. Pretty good money. I had accumulated both for several weeks. I am very bullish on oil fundamentally as we have discussed. I am just cautious right here as I feel there might be a move to risk off again in the second half of January. Also I was expecting a big bounce in January but then a pullback into February. Its just a gut feeling. I am watching close and plan to begin accumulation again in a couple of weeks. March through May are going to be very good months for oil IMO.