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re: Oil stocks...are you buying?

Posted on 2/3/16 at 4:50 pm to
Posted by FunroePete
The Big Cheezy
Member since Dec 2012
1531 posts
Posted on 2/3/16 at 4:50 pm to
I thought utwi is essentially a stock that's 3x whatever the change in oil is. Is it purely an oil futures stock that's at 3x?
What made it go up today?
Posted by TigerDeBaiter
Member since Dec 2010
10268 posts
Posted on 2/3/16 at 4:54 pm to
quote:

I thought utwi is essentially a stock that's 3x whatever the change in oil is. Is it purely an oil futures stock that's at 3x?
What made it go up today?


You thought right, but must be looking at yesterdays oil prices? Oil is up over 9% now dude.
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