buy low, sell high. Not your whole position but some. I will probably sell some if it goes back up to 23.50. then buy more if it drops a certain level.
Your absolutely correct fred. I would short the hell out of this if I had the powder. The fundamentals are not strong and oil has not stabalized. I would love to jump in but now is not the right time people.
Hi Lunco- I attributed the price decline to many valid posts made here; however the larger institutional players, trading a thinly ETN, can easily manipulate for personal gain, which in part happened Friday. That said, great opportunity (once recognized) and profit from it. We're going back up to $24 by Ex-date.
I would cautiously buy in. Bought a 100 at 22.35 myself. The fundamentals of the fund haven't changed, no threat to the divi, when things become irrational, good time to buy. Will unload the 100 once things rebound.
Hi all, can anyone tell me the risk involved with this particular ETN. From my own DD it seems risk is low, because the chances UBS goes bankrupt appears small. However I will probably wait till after the Fed meeting this coming week before taking a position. Thanks for any thoughts.
won't there be a divi run through nex Thursday, at the very least, just like the good ole days
I hear'ya ray (300 at 14.29) but not sure if we get that low, I just wanna make sure I get a small piece of the downturn in case it up-turns and gets away. Wow- was closing in on a 25% yield.. even a cut in half still a great buy.
buying another 150 #$%$ 14.69 and another at 14.29 etc..
thanks for your trade info, I will probably do the same. And yes LINE was a great run I made back some money but still down for the year.