"Be careful out there."
We thought US Gov finally did something forcing delist of UWTI/DWTI, but then 3 new pairs come out!?
- Thread starter GloriaBrown
- Start date
You guys have managed to completely derail this thread into a P&R gun debate. The OP wanted to know about 3x ETFs somehow being delisted by the government. Fact is, that didn't happen.
However, something similar to the SEC thinking "let's protect investors from themselves" is probably what happened. There are new leveraged oil ETFs out there, and honestly, these ETFs were always lame in the first place; the futures were always superior.
However, something similar to the SEC thinking "let's protect investors from themselves" is probably what happened. There are new leveraged oil ETFs out there, and honestly, these ETFs were always lame in the first place; the futures were always superior.
Hey Gloria, you started off about 3X ETFs, as if they were a bad thing, right?
What is it that you don't like?
That they perform as advertised?
Wild thought, Gloria: just how *do* they get those 3X results, anyway?
Hmmmmm, maybe those derivatives (which anyone can buy/sell) should be *outlawed*, too?
If you don't like those prospects, DON'T TRADE 'EM.
(Or, is that just too simple?)
What is it that you don't like?
That they perform as advertised?
Wild thought, Gloria: just how *do* they get those 3X results, anyway?
Hmmmmm, maybe those derivatives (which anyone can buy/sell) should be *outlawed*, too?
If you don't like those prospects, DON'T TRADE 'EM.
(Or, is that just too simple?)
I thought the delist was mainly because SEC or whatever US gov department involved and "suggest" those 3X oil ETF to delist, but the new 3 oil ETF pair show that very likely NO, just very likely Credit Suisse didn't want to play anymore, then 3 new players see the dominated one would go away then they all start a new one.
Those are ETF that basically going to be $0 for sure in long term. Just with around 5 years time both UWTI and DWTI value go to below 99% of it initial value. Their name is "ETF". Most of the people invest without passion like you and I who would hang around in investment forum and do our own research would not know a normal "ETF" normally trade in stock exchange are not suitable to hold longer than days.
