DJP worries ?

[RustyShackleford]

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 ...

 

[73ss454]

I don't know where it's going but I got out at around 70 bucks. One of the few times I got lucky.

 

[Brat]

The talking heads at CNBC said that traders were highly leveraged on the commodity markets and need cash, they are unwinding their positions.

 

[RustyShackleford]

The talking heads at CNBC said that traders were highly leveraged on the commodity markets and need cash, they are unwinding their positions.

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.

 

[brewer12345]

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.

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.

 

[Dawg52]

One of the few things I got right. Sold mine mid summer.