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Replies to post #9773 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

Replies to #9773 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)
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wz9ytp

05/12/15 7:29 PM

#9775 RE: LastHand #9773

Nice chart. You didn't adjust for contango, did you?

Watch next week. Everyone wondering why the gap up but no UWTI increase...
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trdwatch

05/12/15 7:57 PM

#9778 RE: LastHand #9773

It's been an unfortunate reality. And with the volume and price this has now its a paradigm we can't compare the past to. Not yet anyway.


btw, I think it hit 4.28 @ 62.55 on the 6th. Hopefully this shoots to $67 in a matter of a few days and it gains a lot of that back.
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RBKissMyAs

05/12/15 8:14 PM

#9782 RE: LastHand #9773

I only had one drink when I pulled up this chart which demonstrates over a long period of time and before the last big tank, that not only did UWTI recoup 50 - 100% on many occasions but that also the overall trend line was slightly up. Hard to see the decay. The only thing I can think of is drastic spikes upward compensate for it.