Replies to post #7591 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Ryantacular]

I shorted this enough until the double bottom. Did a couple shorts after and that's it. Too close to summertime for me, especially in my 401k account, as it's a cash account, and not going to risk missing the ride up.

[Nebuchadnezzar]

if oil is moving higher in the face of over supply and strong dollar, just imagine what it will do when supply falls and dollar weakens.

yes. WTI could rise sharply. those who aren't saving that xtra money from cheaper fuel prices are IDIOTS.

now if oil falls--DWTI looks good the further it falls