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Bullboard - Stock Discussion Forum VelocityShares 3x Long Crude Oil ETNs linked to the S&P GSCI Crude Oil Index ER UWT

ARCA:UWT - Post Discussion

Post by FullReversal on Apr 11, 2017 9:57pm

Full Reversal from March 2017

Was $16, now $22 and heading higher.  What stock is more leveraged that this one.

I would be buying here but I'd rather not worry about decay/fees.

This stock can be pricy at the wrong time.
Comment by PROtrading on Apr 20, 2017 12:21am
Did you sell or are you ridingin it down from 22?  I managed to sell in time based on the ominous charts on UWT.  It seems it was a coup on the May Futures expiration Thursday. https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_product_calendar_futures.html
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