With shares of US Airways (NYSE: LCC) down 9.5% on volume that is more than 11 times the daily average, it is probably a good thing that airline ETFs no longer exist.
I don't know what the actual financial repercussions were on the holders but my question is, who are they going to sell them to to get their money out of them? With luck the creators of them were ethical enough to at least buy them back at whatever cash and stocks they have in the underlying portfolio are worth. Depending on how well they were created, managed, and the performance of those stocks they might get out without losing too much skin. If it is an index fund, I'd guess, good luck.
Thanks for your reply. I have been holding ETF only in my pool like you suggested since I first visited last year.
BTW, after reading about ocroft delayed AIM and i understand we accumlate the buy side dollar amount until market order is $0 to actually perform the buying. But how does one perform record keeping? Would you give an example? Thanks