Replies to post #6424 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[mattp_160]

I don't care about decay. I'm not holding long. I hold for a few days to a week and flip when I'm up a certain $.

[porgyrusty]

SHHHHH, there's some people that think decay is a conspiracy theory. You don't want to throw them for a loop with some facts.

[RBKissMyAs]

Nobody is disputing decay. All you have to do is look at a multi-year chart and you'll see it's not a huge factor. Many a drop has recouped at least 50%. If you're in under 3 and it goes to 8 or 12 (which is less than a 50% recovery from the last drop), you won't give 2 shits about decay.