RNS Number : 0994F
ETFS Leveraged Crude Oil
03 October 2008
A Second Price Monitoring Extension has been activated in this security.
A Second Price Monitoring Extension is activated when the auction matching process would result in an auction price that is a pre-determined percentage above or below the base price.
The auction call period is extended for 5 minutes.For details of how base prices are set for each market, please refer to the Guide to Trading Service at www.londonstockexchange.com
This information is provided by RNS
The company news service from the London Stock Exchange
RNS Number : 0975F
ETFS Leveraged Crude Oil
03 October 2008
A Price Monitoring Extension has been activated in this security.
A Price Monitoring Extension is activated when the auction matching process would result in an auction price that is a pre-determined percentage above or below the base price.
The auction call period is extended for 5 minutes.For details of how base prices are set for each market, please refer to the Guide to Trading Service at www.londonstockexchange.com
This information is provided by RNS
The company news service from the London Stock Exchange
you're quite right. I think the point I was making was that for a long-term hold it may make more sense to buy the non-leveraged ETF because, even if oil prices rise over time, the short-term price volatility of oil is so great that you may actually stand to make a better return without leverage.
i hope you realise that it is possible for crude to get back to $82 and this etf to be worth less than it is today......... i'm currently sitting on a loss on this even though i bought when crude was much cheaper than it is now. this one is not for faint hearted as a long term hold imho. there is potential to make really good on it but not guaranteed to go up just because crude does over a period of time. might be more profitable to try and win on the volatility
I'm still holding this too. It's fun to have a direct interest is oil prices. Of course the DJ-UBS index it tracks is so volatile that in the long run its hard to make any more than with the non-leveraged tracker (I bought when light crude was $78 in June 09 and now I need it to rise to nearly $82 to get back to my original price).
Anyone know which commodities are historically the least volatile?
Hi Peapod999,
Yes, I'm still playing this!!! I love the crazy swings -and if it swings down to much - I just wait a few months!!! long term crude price is always going to go up - even if it takes years, so I only use money I don't need for years!! so far v good results from this ETFS.
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They have not been approved or issued by Interactive Investor Trading Limited.
