Replies to post #9199 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[CyclicalTrader88]

Incorrect. It will be way way higher.

[napling02]

I think LastHand's projections will be a lot more accurate then CyclicalTrader 88. But CyclicalTrader88 is assuming some velocity in his numbers.

My calculations are similar to LastHand's. My projections have almost been spot on except when the contracts change and I have to update my projections due to the automatic increase in contracts.

Somehow Cyclical is thinking if oil hits $75 then UWTI will be $10-12. However, when UWTI was $3 then oil was about $53-54. It's trading at $61 currently and UWTI is only $3.95. So even if you high ball the projection and assume that UWTI will go up $3.00 per share for every $10 in oil increase then UWTI would be trading at $8.40.

My projection of $75 oil is around $7.30.

When oil was trading at $45 barrel the lowest that UWTI got was $1.80. So when oil increased $15/barrel you only saw UWTI increase by $2.15.

[nealbilly]

I don't think it's going to be much higher cuz people like me cause decay