can someone explain what happened to UWTI to me?
reverse split
>>1143150
if you own that get out now you are going to get fucked. they reverse split it every so many months once the price gets low and the time decay drives it into the ground.
seriously you will lose your ass in the next month.
>>1143170
So you're saying short UWTI?
>>1143188
no it will be bad for you long or short. google time decay in leveraged etns like this. 18% down is not the same as 18% up. and these go down hard (especially in this oil environment). it is stupid to buy either of these.
>2016
>going long securities that decay due to negative roll yield
kek
>>1143233
vix is not a bad thing to buy and it has negative roll yield you stupid cunt.
alright thanks everyone, I was kind of excited, I got in at like 1.40 a few weeks ago and I checked my stock today and thought I was buying a new condo. Guess I should get out while I am still 50% ahead.
uwti at 150 screencap this post
>>1143388
>double dubs it must be the truth.
screen-capped it, bruh.
>>1143855
10 old shares become 1 new share
