Replies to post #27096 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[chrispy2468]

Seems every time a financial stress is "repaired" something new comes along. Looks like it's knocking on our door. This time , and every time the resolution is found after tracing over every inch of the tangled web, and I believe this time, being a word wide issue, it may be sometime before we have all the pieces of the puzzle. Sleep well all, the morning will be here soon enough

[PrecisionTrade$]

UWTI doesnt surprise us , we've been saying low 20's handle all along possibly high teen. Look at all the charts you want. Oil will do what it wants when it wants.OPEC will do what it wants when it wants. Thanks to this poor excuse for a " Commander in Chief' Iran will now do what it wants when it wants. TaaaaaaDaaaaaaa. Not even flipping D or U right now.we'llwait forinsane bottom because thats where we are heading.U will split again. GL

[kamakiri]

Wouldn't surprise me.I'm hedged below $30 AND even more below about $28 level. And I wouldn't do the sub $28 protection if I thought $27 or lower was impossible, right?

Do I want it to go down? No. But I recognize that this manipulated market can do just about anything. Given enough money and fear, almost any price is possible.