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BetaPro Canadian Gold Miners 2x Daily Bull ETF T.HGU

Alternate Symbol(s):  HZNSF

HGU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the daily performance of the Solactive Canadian Gold Miners Index. If HGU is successful in meeting its investment objective, its net asset value should gain approximately twice as much on a given day, on a percentage basis, as the Solactive Canadian Gold Miners Index when this Underlying Index rises on that given day. Conversely, HGUs net asset value should lose approximately twice as much on a given day, on a percentage basis, as the Solactive Canadian Gold Miners Index when this Underlying Index declines on that given day. In order to achieve this objective, the total underlying notional value of these instruments and/or securities will typically not exceed two times the total assets of the ETF. As such, HGU employs leverage.


TSX:HGU - Post by User

Post by mikerosoft666on Nov 20, 2008 7:59pm
435 Views
Post# 15600347

HGU Tomorrow...

HGU Tomorrow...
I know this for sure... know one knows for sure what   HGU   is doing tomorrow.

When it tanked today I jumped out of the way   STUPID !!!  STUPID !!!  STUPID !!!

Then bought   HGD  while it was high...  fixed that a little later on by buying more at $9.50...    fer chris' sake why can't I get this stuff right...

Lost nearly $13K on the trade...  but made it almost all back on HOD and HXD...

I got out before end of day except for HGD...  I think there is more down because we are in a deflationary period where gold is NOT THE SAFE HAVEN we all want it to be...  it is something heavy that hurts when it drops on your foot or loses it's value quickly because some speculator sneezed while hovering over his  SELL ALL button...

One day,  it and the dollar will behave like we all want it to and   HGU   will rocket skyward but I just don't think that day is upon us.  I wish there was a Horizon's Beta Pro S&P ARMAGEDDON IS UP ON US Bull Fund HAGU...  I would be putting a lot  of money in that one today...

So I am holding my HGD  and hope to repair the money hole I created today buy acting like a little girl just because HGU was down over a buck on 13,000 shares...  I mean really !!!  C'mon... !!!

Now it's time for a nice bottle of Jack Daniel's Single Barrel  -   smooth Tennessee sippin' whiskey...  and oblivion so I don't have to think about how stupid I was today...  Traded like an amateur today...

I can't even Inbox mktneverlies and Panda because I doubt they would be talking to me anymore after today.  Sold my HGU at the day's low...   can u freakin' believe it ?????   AAAAAaaaaaahhhhhhhhh !!!!

In my defense,   I intend to buy HOU around $3.50...  hope that redeems me boys...

See ya'll tomorrow...



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