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UWTI & DWTI are being delisted

Posted on 11/18/16 at 1:27 pm
Posted by southernelite
Dallas
Member since Sep 2009
53174 posts
Posted on 11/18/16 at 1:27 pm
Posted by TexanWhoDat74
Houston
Member since Mar 2013
441 posts
Posted on 11/18/16 at 1:42 pm to
My question is...what the hell do with the shares that I have?
Posted by southernelite
Dallas
Member since Sep 2009
53174 posts
Posted on 11/18/16 at 1:57 pm to
Well, you shouldn't be holding them, but if you are, then you need to liquidate.
Posted by Grits N Shrimp
Kansas City, MO
Member since Dec 2014
646 posts
Posted on 11/18/16 at 2:07 pm to
best worst lesson i learned in "investing"
Posted by raw dog
Baton Rouge
Member since Nov 2011
483 posts
Posted on 11/18/16 at 2:25 pm to
You can still hold to maturity..
Posted by southernelite
Dallas
Member since Sep 2009
53174 posts
Posted on 11/18/16 at 4:06 pm to
quote:

Since the notes will not be called, redeemed, or liquidated owners must sell their holdings by December 8, unless they want to try to do that in an extremely illiquid market, Balchunas adds.
Posted by southernelite
Dallas
Member since Sep 2009
53174 posts
Posted on 11/18/16 at 4:07 pm to
Which one of you downvoted me?
Posted by L S Usetheforce
Member since Jun 2004
22751 posts
Posted on 11/18/16 at 4:07 pm to
I sold for some decent profit a few months ago when oil was at 52....

Why would you be holding it?
Posted by BZ504
Texas
Member since Oct 2005
9431 posts
Posted on 11/18/16 at 7:54 pm to
I made a little bit of money on those this week swing trading.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7123 posts
Posted on 11/18/16 at 8:53 pm to
quote:

best worst lesson i learned in "investing"


this

Posted by TJG210
New Orleans
Member since Aug 2006
28336 posts
Posted on 11/18/16 at 10:52 pm to
Will the etf still track the cost of the underlying commodity until the point it's delisted? I currently have it in my portfolio at a small gain and wanted to hold it until the OPEC meeting at the end of the month with a short stop loss if they fail to come to an agreement.
Posted by southernelite
Dallas
Member since Sep 2009
53174 posts
Posted on 11/19/16 at 12:29 pm to
It will, but you risk liquidity issues from people trying to dump it late.
Posted by TigerDeBaiter
Member since Dec 2010
10258 posts
Posted on 11/20/16 at 7:45 am to
quote:

I currently have it in my portfolio


Seriously dude? Your "portfolio"?

This is a day trading note.
This post was edited on 11/20/16 at 7:47 am
Posted by TJG210
New Orleans
Member since Aug 2006
28336 posts
Posted on 11/20/16 at 11:37 pm to
Christ my account, happy?
Posted by studentsect
Member since Jan 2004
2258 posts
Posted on 11/21/16 at 9:36 am to
quote:

best worst lesson i learned in "investing"


Same here. Good thing it was a small enough amount that I went into it treating it as play money.

Would've been better off just burning half and buying lottery tickets with the rest.
Posted by TJG210
New Orleans
Member since Aug 2006
28336 posts
Posted on 11/21/16 at 12:54 pm to
Cashed out today +15%
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