Replies to post #11633 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Ryantacular]

Half was buying half was selling. You can't sell without someone buying and vice versa.

Don't judge after hours prices. Mainly volume. Fishing orders get hit constantly pre market and after hours.

I'm sure those 3.50s were fishing orders and some peon waiting until the end of the day for his 3.60 sell order to hit, realized it wasn't, because the big dogs are greedy and won't help them like that, so last minute the peons all said fuck it and sold to the 3.50 fishing buy orders at the end of the day so they can guarantee those profits for the week. (My hunch being they may regret that decision. You can call the hunch biased, because I obviously want that to happen, but that hunch is off the volume and the gaps that uwti left on the fall to 3.00)


I've done this personally with DWTI cuz I'm scared to hold it overnight. I've waited till 3:59pm waiting for my limit to sell, and finally when it didn't, said fuck it, sold at market, took the profits, let the fishing order get their buy in, and I was satisfied with my profits.