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BetaPro Natural Gas Leveraged Daily Bull ETF T.HNU

Alternate Symbol(s):  HNUZF

HNUs investment objective, is to seek daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times 200 Percentage the daily performance of the Horizons Natural Gas Rolling Futures Index the Underlying Index, Bloomberg ticker CMDYNGER. HNU is denominated in Canadian dollars. Any US dollar gains or losses as a result of HNUs investment are hedged back to the Canadian dollar to the best of its ability. The Fund To be successful in meeting its investment objective during the period, HNUs net asset value should have gained up to two times as much on a given day, on a percentage basis, as its Underlying Index rose on that given day. Conversely, HNUs net asset value should have lost up to two times as much on a given day, on a percentage basis, as its Underlying Index declined on that given day.


TSX:HNU - Post by User

Comment by captatedon Nov 17, 2009 9:50pm
347 Views
Post# 16497761

RE: RE: not looking good for my trade.

RE: RE: not looking good for my trade.What was my mistake? First, I bought hnu on the premise that it was still oversold relative to S@P, as evidenced by ung seeming unwillingness to give back a proportionate amount of (ung) gains relative to SP weakness today. Secondly, while I am happy to daytrade I would very much like to catch a larger/longer trend (weektrader), and thought or hoped that indications that ung was holding up under S&P weakness would be indicative of bullish natgas tendencies. So, when S&P tanked and ung followed but did not recover as S&P did toward end of trade, I felt the probability my premise was bad had increased. I'm only here for the beta and want to get my bets right to avoid losses (obviously). My "mistake" referenced idea that ung would not fall as hard as S&P, yet deliver relative outperformance on bullish equities. So far I have not seen consistent evidence of this. Still in but wishing I'd used your plan instead of mine. I just don't understand yours.
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