You very well maybe happy and even happier but that smile may well turn into a big frown.
Years ago in the summer of 2007 I bought 7000 shares of PCYC at $2.92 per share for $20,423 and shortly after that I sold at $2.64 and took my loss. The following year in 2008 in Mar or Apr PCYC was around $0.50 per share and it appeared that I made the right move when I got out when I did at $2.64 per share and I was happy that I avoided taking a much larger loss.
Well fast forward to Spring 2015 and PCYC was bought out for $261 per share and those 7,000 that I bought for $20,423 that I was so happy to unload were worth $1,800,000.
I am not saying or implying that this or something similar will happen with ACAD but your happiness just may fade in a year or two or somewhere down the road.
I agree....holding this ETF period is very risky. I got partially out on Mon 3/7 at $2.50 and then completely out Fri 3/11 at $2.57....I did not make a killing at all but at least I did not lose money.....4% return in 2 months, for the risk it was really not worth it, I'm just glad that I am out. This ETF is just too volatile for me and I don't have the smarts nor the temperament to successful trade this crazy ETF.
....."under President Clinton we practically erased the national debt".....
That statement is TOTAL BS......where do you come up with garbage like this?.....and I am not a Clinton basher at all. I am a person who strives for and appreciates the truth and correct information.
It is true that under Clinton we did have budget surpluses for the first time in almost 30 years in 1998, 1999 and 2000. But the term "budget surplus" or "budget deficit" in regards to federal government spending just means how much tax revenue was taken in during the fiscal year versus how much was spent by the government during that same fiscal year. Andin 1998, 1999 and 2000 while Clinton was president more tax revenue was taken in during those years than was spent by the federal government.....hence we had budget surpluses for the years 1998, 1999 and 2000.
However your claim that under President Clinton we practically erased the national debt is 100% wrong. When Clinton was sworn in to office on Jan 20, 1993 the total federal deficit that had been accumulated by past presidential administrations $4,188 billion and when Clinton left office on Jan 20, 2001 the total federal deficit was $5,728 billion.....so under Clinton's administration the federal deficit increased by $1,540 billion. So while there were budget surpluses in 1998, 1999 and 2000 there were also budget deficits in 1993, 1994, 1995, 1996 and 1997 that not only cancelled out the surpluses from 1998, 1999 and 2000 but added another $1,540 billion to the growing federal deficit.
Now I will say this about the Clinton administration.....over the last 5 presidential administrations Clinton increased the total federal debt percentage wise the least....by only 36.8%. So far Obama has increased the total federal deficit by 77.7%, Bush #2 increased it by 85.5%, Bush #1 increased it by 55.2% and Reagan increased it by a whopping 188.9%.