Opinions
Larry Berman CFA, CMT, CTA
UBS ETRACS 2xLvg Lng WF Busn Dev Co ETN
BDCL-N
COMMENT
Oct 31, 2016
$16.920
Stock price when the opinion was issued
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He has never heard of it before. It is a basket of financing companies that get into the equity space. It is two times leveraged. It is not good for long term holds. If you are right you can make a lot of money. It is an exchanged traded note. It means it is a securities issue and you should make sure you have no concerns with the issuer.