Replies to post #592 on Citi VelocityShares 3x Long Crude Oil S&P ETN (UWT)

[Sgreg]

At the time of that post oil was down 31% but it has bounced now and holding around $32. I think UWT will be ok today and not be broken (go down 100%). 3 times 33.3% down in 1 day is 100% and that would break the ETF. I do not think that will happen but it was something that I feel people should be aware that there is a possibility. That it isn't impossible and keep an eye on that.