Replies to post #728 on Microsectors US Big Oil Index 3x Leveraged ETN (NRGU)

[Steady_T]

Remember that this is not a stock or an ETF. The values get reset to a degree every day.

The prospectus advises against treating this as anything other than a day trading vehicle.

[dealerschool2006]

oil producers have to fill a gap from 3/24 i dunno why, but since we are almost into tax loss sell off season, NRGU should continue to dive, I woke up and bot DRIP @ 60...I feel much better...producers will rebound, but not anytime soon, sux I know...