Post by
BaystreetBrian on Feb 23, 2015 9:02am
HEY clm128
https://metronews.ca/news/vancouver/1294170/constitutional-challenge-of-canadas-medical-marijuana-laws-begins-in-vancouver/
Comment by
clm128 on Feb 23, 2015 9:10am
Thanks Brain, PS good call on ugaz
Comment by
BaystreetBrian on Feb 23, 2015 9:16am
Thanks bud(no pun intended =P)....it was only a matter of time before nat gas responded to the winter freezing...keep your eyes on UWTI today, last time it opened low it bounced...possible day play.
Comment by
Tweedlede on Feb 23, 2015 9:53am
My God what exactly is this UWTI invested in? I get crude is crashing, but not 40 down to 2 bucks and change type of crash! What does "3x Long Crude Etn" mean?
Comment by
clm128 on Feb 23, 2015 10:02am
Its an exchange trade note, look on velocity website for more info but basicly they try to mirror what oil does by 3x, so if oil moves up 2% on the day in theory they move up 6%. it doesnt always work out that way but its usually close, and alot more volatile than the underlying comodity
Comment by
Tweedlede on Feb 23, 2015 10:08am
Thanks man, sounds a little too volatile for me. Which is funny considering my portfolio is all small cap pot stocks now lol.
Comment by
clm128 on Feb 23, 2015 9:21pm
https://www.cbc.ca/news/canada/british-columbia/medical-marijuana-federal-court-to-decide-who-has-the-right-to-grow-1.2967245 intresting read, apparently the trial will last 3 weeks