Speculation is a round game; the players see little or nothing of their cards at first starting; gains may be great - and so may be losses. The run of luck went against Mr. N; a mania prevailed, a bubble burst, four stock brokers took villa residences in Florence, four hundred nobodies were ruined, and among them was Mr. N. -- 1838 -- from a novel -- it also describes an IPO of "a company of national importance" for suckers of those days...
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OIL, One Of The Largest Oil ETNs, Will Be Shut Down And Liquidated
- Thread starter kmiklas
- Start date
So I wonder why they never created a new XIV.
I was waiting for a new one after the collapse but they never issued a new one. That would have been free money riding the wave up after that one day significant drop that February 5th!!!
I was waiting for a new one after the collapse but they never issued a new one. That would have been free money riding the wave up after that one day significant drop that February 5th!!!
Yeah, XIV was great. It getting annihilated was exactly what it was designed to be. I had a decent algo for it (before EU prohibited me from trading US ETFs and ETNs).
If I had to speculate the issuer might be afraid of two things:
- Closing out at negative because of thin underlying futures
- Getting regulatory eyes on them for providing a product that lures people in and then goes to zero (fat negative tail)
Heads up, USO is not shutting down, reverse splitting.
https://finance.yahoo.com/news/uscf-announces-one-eight-reverse-114500706.html
With all those capital inflows they are seeing (Primarily from Retail Investors), it would be dump & stupid from them to shut it down. It's a gold mine for them.
https://finance.yahoo.com/news/uscf-announces-one-eight-reverse-114500706.html
With all those capital inflows they are seeing (Primarily from Retail Investors), it would be dump & stupid from them to shut it down. It's a gold mine for them.
If it's NAV goes below zero they can't exactly keep it open no matter how much they want to especially given it's corporate structure.Heads up, USO is not shutting down, reverse splitting.
https://finance.yahoo.com/news/uscf-announces-one-eight-reverse-114500706.html
With all those capital inflows they are seeing (Primarily from Retail Investors), it would be dump & stupid from them to shut it down. It's a gold mine for them.