nearlybroke

DCR Net Asset Value Now at Zero

How is something like this even legal? I guess as long as they post the risks on their website, there will usually be a sucker like me to take the bait?

DCR Net Asset Value Now at Zero

I'm an idiot for not researching more thoroughly before jumping into DCR early last week. I kept buying on the way down, hoping to lower my cost basis so I could sell at close to break-even on the first day that it went up at all. Then the bottom dropped out. I'm already down 40% in 3 days.

Now I read that if oil is above 120 on liquidation I will lose the rest of my investment? So this is now ALL the risk of an option without the benefit of the potential upside? Good GOD. Do I get out now or wait and hope that DCR might see $3 again (even briefly) before the end of June?