Replies to post #1570 on VelocityShares 3x Inverse Crude Oil ETN (DWT)

[MJ moneymaker]

I've been loading today too. UWTI and DWTI are in April contract now which is trading at $33. As the next couple of weeks pass the time premium on that contract will decay (the April contract value will converge down toward spot price)

This benefits DWTI and hurts UWTI. I have some short shares of U for longer term trade to take advantage of the beta decay there. My D shares are for shorter term.

Almost definitely see $300 again if not 350 or 400.