Post by
Kbextreme on Apr 21, 2020 4:49pm
Everyone please read
The net asset value of a fund is if you add up the total value of a fund's assets and divide it by the number of shares outstanding, you'll get the fund's net asset value per share. By contrast, market value is determined by traders in the financial markets. Just so you all know, the net asset value today was at $4.12. Did we all panic that we were no where near the net asset value? No. We will be fine....everyone exhale.
Comment by
theman0 on Apr 21, 2020 4:51pm
Nonsense! This should have been down 80% or more today, not 25%. Something smells.
Comment by
Mat1791 on Apr 21, 2020 5:00pm
?? Nonesens?? HOU was down from 3.13 to .71. -77.32%!!
Comment by
GunnerG on Apr 21, 2020 5:20pm
Thanks theman, but I will listen to the guy providing a calculation that was bang on. Thanks Mat1791. Backing up "This should have been down 80% or more today" with "Something smells" is as you said "Nonsense". I would suggest that you read through Mat's posts today. Especially the parts on roll overs.
Comment by
theman0 on Apr 21, 2020 5:28pm
and I suggest you wake up fool. Opening number will be .50 cents or less. These guys can roll over into future months all they want, but it won't change the demand and it won't suddenly increase storage facililty's. There is nothing stopping these futures from going negative yet again.