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Can you tell me your thoughts on EEH its appears to be an ETN that has skyrocketed and i'm trying to understand why. Do you guys think it will keep going up short term? Looks very tempting but i have no idea why its moving so fast. Is it based on debt momentum?
Can you tell me your thoughts on EEH its appears to be an ETN that has skyrocketed and i'm trying to understand why. Do you guys think it will keep going up short term? Looks very tempting but i have no idea why its moving so fast. Is it based on debt momentum?
The investment seeks to replicate, net of expenses, the SPECTRUM Large Cap U.S. Sector Momentum Index. The index tracks the value of a notional portfolio composed of the ten sub-indices of the S&P 500. It is based on the relative weights of the sub-indices within the index. The weights of the sub-indices that outperform the S&P 500 Total Return Index are increased in the index, which weights of the sub-indices that underperform are reduced. EEH Profile | Aktiebolaget Svensk Exportkredi Stock - Yahoo! Finance
The investment seeks to replicate, net of expenses, the SPECTRUM Large Cap U.S. Sector Momentum Index. The index tracks the value of a notional portfolio composed of the ten sub-indices of the S&P 500. It is based on the relative weights of the sub-indices within the index. The weights of the sub-indices that outperform the S&P 500 Total Return Index are increased in the index, which weights of the sub-indices that underperform are reduced. EEH Profile | Aktiebolaget Svensk Exportkredi Stock - Yahoo! Finance
Yeah i read that from the description too but can you put it in layman's terms and give me your opinion it?
Can you tell me your thoughts on EEH its appears to be an ETN that has skyrocketed and i'm trying to understand why. Do you guys think it will keep going up short term? Looks very tempting but i have no idea why its moving so fast. Is it based on debt momentum?
thanks,
I am not familiar with EEH, but I took a quick look at its snapshot and chart history and would advise against owning it in any form or way. It reminds me of a penny stock that goes from zero volume to massive volume in a second, which is usually followed by a big crash. This recent spike seems to be for no apparentment reason as well. Look at the average volume, it is so low and if you bought, you may have a problem selling your shares at current prices. The market is full of stocks that are working, so I would avoid EEH. Who knows how much higher it will go, but I'd be surprised if it wasn't a fraction of its price a year from now. You would be better off buying some call options in Facebook to play earnings if you want a chance for huge double digit gains. I feel you would be better off playing roulette than investing in EEH.
I am not familiar with EEH, but I took a quick look at its snapshot and chart history and would advise against owning it in any form or way. It reminds me of a penny stock that goes from zero volume to massive volume in a second, which is usually followed by a big crash. This recent spike seems to be for no apparentment reason as well. Look at the average volume, it is so low and if you bought, you may have a problem selling your shares at current prices. The market is full of stocks that are working, so I would avoid EEH. Who knows how much higher it will go, but I'd be surprised if it wasn't a fraction of its price a year from now. You would be better off buying some call options in Facebook to play earnings if you want a chance for huge double digit gains. I feel you would be better off playing roulette than investing in EEH.
If you caught the spread yesterday, the ask price was $130, but the bid was in the $60s. Meaning even if you bought and it went up to $160, you'd probably get $80-90 when you tried to sell it.
It appears to be a tool for brokers and market makers to swindle money from gullible people.
Harleyman123, what type of participant do you expect to be? Short or long-term?
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