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09-16-2008, 01:24 PM
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#1
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Recycles dryer sheets
Join Date: Jul 2008
Posts: 401
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DJP worries ?
How concerned should holders of DJP be ? This is an "exchange
traded note" (ETN) which follows a broad commodity index. As such,
it is subject to credit risk on the issuing company. IIRC, this is
Barclays. I seem to hear this name mentioned a lot these days ...
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09-16-2008, 02:33 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,666
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I don't know where it's going but I got out at around 70 bucks. One of the few times I got lucky.
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09-16-2008, 03:29 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 7,070
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The talking heads at CNBC said that traders were highly leveraged on the commodity markets and need cash, they are unwinding their positions.
__________________
Duck bjorn.
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09-16-2008, 03:49 PM
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#4
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Recycles dryer sheets
Join Date: Jul 2008
Posts: 401
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 Quote:
Originally Posted by Brat
The talking heads at CNBC said that traders were highly leveraged on the commodity markets and need cash, they are unwinding their positions.
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Makes sense; I'm happy to "stay the course" as far as that. Buy and hold.
It's the credit risk, of the issuer defaulting, that concerns me. I know
nothing about Barclay.
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09-16-2008, 04:32 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Quote:
Originally Posted by RustyShackleford
Makes sense; I'm happy to "stay the course" as far as that. Buy and hold.
It's the credit risk, of the issuer defaulting, that concerns me. I know
nothing about Barclay.
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Google them and read up. Barclay's is a mammoth British bank that seems to be staying mostly above the mess and is rumored to be plundering Lehman;s corpse this very night.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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09-16-2008, 04:41 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 8,931
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One of the few things I got right. Sold mine mid summer. 
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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