GOE? wtf

Discussion in 'Trading' started by Dustin, Feb 20, 2009.

  1. Dustin


    Anyone know the story?
  2. its a gold etn.........should not be making such a move even if its 20x leveraged.......short it if u can.

    unshortable thru IB
  3. [​IMG]
  4. looks like free money to me.
  5. Dustin


  6. [​IMG]
  7. Now trading at 4 times it's NAV.
    Never traded much above 7% of NAV in recent history.

  8. Be careful.
    Only 26,000 shares traded and a $2 spread between bid and ask.

    Should be an interesting close!
  10. Whoever successfully applies to be the LMM to arca and buys a creation unit from ELEMENTS is sure in for a windfall. I wish i worked at a place that offered that.
    #10     Feb 20, 2009