Microsectors Energy 3x Leveraged ETN (WTIU) News

All the institutional investors probably bailing out. Huge volume. Might settle up the next couple of days

Wow, so crude goes up 25% and this garbage fund goes down 34%. Guessing because it's being shut down and everyone is getting out?

You're like dripping water on the forehead when trying to sleep.

* * $WTIU Video Chart 03-31-2020 * *

Link to Video - click here to watch the technical chart video

Do you think it is worth hanging on to the few shares I have, to see what I get? I never came across something this before like this, not sure how to play it, and I cant find a good answer by googling it. Thanks in advance

UBS Ag already canceled 3 ETN/ETF: HOML, MLPZ, and SMHD, WTIU Will be cancelled on Apr 6.

Nope. You’re wrong. The company made an announcement to cancel this ETN: “ WTIU is an exchange traded note (“ETN”) which seeks to track three-times the daily performance of the Bloomberg WTI Crude Oil Subindex ER. However, as of March 24, 2020, UBS announced that it would suspend further sales of the WTIU and that outstanding shares would be redeemed by UBS on April 9, 2020. UBS has already had three other ETNs undergo mandatory redemptions: HOML, MLPZ, and SMHD, with the announcement of seven additional mandatory redemptions less than one week later: BDCL, HDLV, LBDC, LMLP, MORL, MRRL, and DVHL. These funds all employed leverage and were invested in risky sectors. Investors may seek damages for violations of sales practice rules and regulations, as set forth by the Financial Industry Regulatory Authority (FINRA) in arbitration. However, if you invest with E-Trade, TD Ameritrade, Charles Schwab, Fidelity, or Interactive Brokers or made self-directed trades, this investigation does not apply to you..”

Has Proshares stated that in writing? If so, I would like a link to it.

Thanks

Not true. They will reset it, probably around $25. Your existing shares will be adjusted accordingly

Yep

Well that’s good information to know before putting money into it.

They’re going to Cancel Wtiu ETF/ETN BY the end of Mar. All shares going to Zero.

I would have grabbed some early this morning had my account been funded with Ally bank. It might be funded tomorrow or the next day.

Is NOW a good time to buy? For a short term trade ONLY in my opinion. NO LONG TERM HOLD! I would like shares at $2.00 or less, and would probably set on them until congress can pass their spending bill. I'm assuming that will send the popular indexes higher for a few days, and crude should get a bounce with it.

I could see UCO jumping up then to over $2.50 a share.

BUT ... I would watch events in oil closely. What Trumper can do with the Saudi boys is going to be CRUCIAL, I believe. If he isn't able to change their mind about mass dumping on the open market, then come April a barrel of oil can head to $12 -15 very quickly, and UCO can push $1.00 a share price.

My advice: Don't SLEEP long if you have profits in oil investment/s. Too many unpredictable things going on right now.

Think it’s about time to grab some?

I think it’s where it should be at the moment. But this stock got a lot of attention in the volume section this last week

Now they adjusted it correctly: $.23 ask with Price per barrel being $19.84

They are keeping the price HIGH the last half hour. TRUE price should be down around $.24.

Yep - looking for cheaper oil by mid-April - ish.

Idk it may drop into the mid teens here soon at this rate

Waiting for earl to drop below $20 before buying long.

oi oi

Does this vehicle no longer trade? Scanning for some 2-3X Oil Bull ETF/ETN's

Hit me up if you know of any that aren't exposed to time premium decay

Had DWT on the streamer too from the weekend . .



Slowly learning . . wanted to buy it yesterday but too puss to pull the trigger . .


Should be OK soon. . no worries . . good looking out brother . . next round should be BETTER . .



. . ; )

I bought dwt yesterday.
Normally don’t play with those.
That repo rate adjustment from the fed on the overnight right, was unexpected.

. .



Good call . .





. . ; )

. .


10 4 . .


(You are the best . . Ty always)

Think we missed it...... could swing trade it but I think most of the profit is gone.
I only added 10 sh on Friday to uslv
Goodluck

. .


(are you buying today . . ?)

Don't get it.

$100

Unless major disruption to the oil markets would happen going forward into 2019, I'm betting we'll be looking for oil to settle in the $50 - $60 a barrel range.

We'll see how it unfolds ...

Closed out my short and put all allocated funds in WTIU this morning. Locked in WTIU at $7.75 a share.

Roughly 15 years ago and going back further into history, every time the major markets had a huge selloff, oil consistently climbed. It was seen as a "Safe haven" place to park one's profits, which made it rise it value.

Gold ran a close second to oil, and sometimes even better than oil in upwards momentum.

NOW ... gold is no longer a safe-haven component, and it seems that oil has decoupled from market selloffs and now does what it does all on its own, which makes it a bit more challenging IMO.

Right now it "appears" oil is falling with the big drop in the market. Notice I say "appears". One has NOTHING to do with the other IMO. Oil is dropping simply because HUGE shorts wanted it to drop.

And no matter WHAT the major indexes will do once they reach their bottoms, oil is going to rise primarily again because shorts cover their trades and put their profits into LONG bets.

Though I can't prove it, I believe nations and huge corporations are playing with the oil "Yo-yo." EASY way for them to make guaranteed profits when you're with the oil "in crowd" who truly controls the price of oil.

Got MORE under $10 a bit ago. Might be the low; hard to know right now.

Great!

Cool thanks for the response dude! I've been watching it closely. I'll post my entry if I decide to get in. Cheers!

I'm going to scale down some buys if oil keeps dropping. Big shorts looking to lock in some good end of the year profits is my take.

WTIU ALWAYS a good buy under $10 these days. Keep $10 in focus as a key indicator for WTIU.

Could pick up shares in roughly the $7.00's in a few days, though that would be a SCREAMING BUY if it drops that low IMO. Too early to tell right now. A few days need to play out.

Good luck trading!

WTIU looking very good under $10. (Always)

Might look better at $5.00!

I am inexperienced with crude oil trading. Just wondering your thoughts on if we've bottomed out maybe? Any catalysts upcoming which could drive price? Do they RS this ETF?

Thanks in advance! GL!

Yep

What do you think now? I just showed up having a look, you guys still trading this? looks like some sort of bottom to me... any thoughts? Do they reverse split this?

You guys still trade this?

WTIU buy 22.20



















normal chart




log chart

Took a position in WTID (short) today, just for the heck of it.

Bought shares at $14.00.

Sold all my shares today at $25.50. Will hold cash until January 18th.

Will be looking to share most of my shares in early January. $60 a barrel isn't going to hold very long IMO.

Moving on up to $60 oil. Long and strong.

Loving my 25000 shares I bought several weeks back at $13.25 a share. Share price is $18.50 at present.

Looks like they are pushing firmly for $60 oil.

Anyone know why oil is climbing so quickly?

Exited all shares yesterday. Don't think $50 WTC is in the crystal ball.
Will wait for earl to fall back and take another position once it bottoms again.

Sold my position earlier. Inventory build could be down - we'll hear in a bit - but I don't trust the oil markets. Too much uncertainty and big traders don't like uncertainty.