Bullitt
09-04-2009, 04:33 PM
Huge ETN Euthanized (http://www.thestreet.com/story/10594401/1/huge-etn-euthanized.html)
DXO is soon to be history and I'm sure many others are waiting in line. Heck, pretty much every commodity ETF/ETN is now 'walking the mile'. I made some 20% on a trade with DXO in late 2008, but I've given it all back with UNG.
Here's a link to the what I believe will be the endgame for leveraged ETF holders.
(http://www.entertonement.com/clips/bdhxnqttjj--The-Price-is-Right-Losing-HornsRingtones-The-Price-is-Right-Sad-Yes-)
DXO is soon to be history and I'm sure many others are waiting in line. Heck, pretty much every commodity ETF/ETN is now 'walking the mile'. I made some 20% on a trade with DXO in late 2008, but I've given it all back with UNG.
Here's a link to the what I believe will be the endgame for leveraged ETF holders.
(http://www.entertonement.com/clips/bdhxnqttjj--The-Price-is-Right-Losing-HornsRingtones-The-Price-is-Right-Sad-Yes-)