Crude oil has been selling off after the unfortunate oil war between Saudi and Russia. So a question i have been getting a lot is will uwt and dwt going to get delisted! In connection with that prior announcement, CGMHI has determined that it will discontinue “creations” of the ETNs.
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Do you know any other Long Crude Oil ETF or ETN that would do exactly the same thing? What will replace UWT and DWT? Thnx
A forty second intro is too long
I was wondering where they went.
there goes my $20 :\
Lost 10 cents I guess
What trade software are you using in this video? I like the layout. Thanks
Hi Ricky Gutierrez , I have a question .
I bought a fews thounsand shares of UWT last week . This morning when I wake up and saw this stock got DElisted . Do you know that any way I can get the money back on Roninhood ? I’m really need help !!! So scared and worry . Just invested a lot of money
i bought in 20000 shares UWT at 0.164 on Apr 1st and what should i do now ? will i get my money back ?
Wow. So i have a wortless share that i cant so anything with i guess
rip
UWT: No heads up from Robinhood at all over the last few weeks as we have been accumulating (late March), not even a linked news article or headline.
Could still BUY as normal yesterday April 02.
It wasnt until WTI spiked +25% April 02 …. and our UWT position did not spike 75% …. that I finally thought WTF?
I get that we as Retailers are "unsophisticated" as ETF industry folks rightly state … but do we actually have to scan the entire internet for news articles and ETF-issuer notices and SEC filings before every single ETF purchase?
Can we really not rely on our Broker or current exaustive regulations to not allow new inflows after a closure is announced?
There have been record new money inflows into UWT over last few weeks probably mostly from myself and other less-informed, less-sophisticated.
Ha-ha stupid Retailers 🤣
I have around $1500 in UWT. Is my money gone completely?
Ricky!!! I Been calling the number of velocity Share, as you said, no answer, im holding the stock, that i bought at 25 cents !! Bought about 30k usd!!! Im afraid!!! What can i do, what do should expect ?????
I have $25,000 worth in UWT, currently its stating on Robinhood.
"This stock is temporarily untradeable"
What's the solution?
Thank you for posting this video. Stuck with it now hoping for the best.
i have seen only now, the etn is delisted, what i can do? i can't sell 🙁
I'm pissed! I have a ton of this trash!
SELL OR HOLD?
SEC investigate this,
Citi has liability
It seems like UWT and DWT were the most popular in terms of volume. Anyone trading here using a comparable 2X 3X leverage oil eft/etn?
Gasx and Gasl disappeared
If I’m at work at the time Ricky‘s going live every, day will I be able to watch a record when I’m home again?
Long $siri
Any other ETF / ETN thinking of doing the same thing?
Just sold UWT, and CitiGroup sent me an email about their contract on UWT expiring in 2031, that it was a renewed contract done in March of this year, 2020, but nothing about their delisting of UWT on April 2, 2020. Does anyone have more info?
You literally could have been on the same tier as graham stephan or meet kevin in youtube status. you look haggard after years of daytrading oil stocks.
Hey Ricky… Other than futures, where is the best place we can go to take advantage of oil as it goes up in the coming months? I'm looking for a 6 month to one year hold.
Bought 7200 shares not knowing that this stock was going to be delisted. Should I hold on or should I dump when market opens?
Alright Ricky, I've been looking at your channel for sometime and I think being a day trader as a profession is fascinating. Im 22, inexperienced with the stock market — Will I be able to learn how to read candle stick charts, trends, and choose stocks wisely through your course?
Realistically, how long does it take for someone learn how to make a living through day trades? I've played with the market for about two months. I've made a few hundred, but if Im honest its risky trading since Im inexperienced with reading charts etc.
Do you have experience in leveraging your trades with bull/bear certificates??
The ETNs are expected to continue to trade until April 2, 2020. The ETNs are expected to be redeemed on April 3, 2020.
The amount payable to holders of the ETNs upon redemption is expected to be equal to the closing indicative value of the respective series of ETNs on the final valuation date of the Optional Acceleration Valuation Period.
The Optional Acceleration Valuation Period will be the period of five consecutive index business days beginning on March 25, 2020 and expected to end on March 31, 2020.