When this stock was spun off from Inland Western non traded REIT, the shareholders were totally screwed with a valuation essentially one third the $10 per share that they bought in for. Every shareholder took a major bath and the shares are down so much there is no point in selling. Management belongs in jail.
Sold for $22.17. You NEVER want to hold these reits once they go public. Actually you never want to buy into non traded reits. I kicked my FA in the b@lls.
1177 open contracts. Wonder if this is a harbinger of what is to happen on Friday? I think these positions are short and the MM like nothing better to do than to screw the shorts on OEX. Can they bring TNA below 39.52????
Dumped it in 2008 for about $4.95 which I thought was the lifelong low. Now it is approaching that level again 8 years and the management is still clueless. BTW, this fund is based totally on the price of oil. May as well get into USO!
On a day that TBT fell through the floor (-1.18), LIGRX is down 0.02 !!! My SWNTX is up 0.04! along with big gains in my other bond funds. So glad I dumped this turkey 6 mos ago and moved to OMBIX.
Beyond belief BS and the market did what it has always done. Gone up. Like shooting fish in a barrel. I hope no one notices that Yellen has buyers guaranteeing this will always happen.
Screw the option holders no matter what. 71 Puts close barely in the money and after hours the price for TNA to cover was outrageous. Luckily I bought my TNA at 69.94 to cover my 71 put so I did not have to sit still for the screwing.