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BetaPro Crude Oil Leveraged Daily Bull ETF T.HOU

Alternate Symbol(s):  HZOZF | HROZF

HOU¿s 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%) the daily performance of the Horizons Crude Oil Rolling Futures Index. HOU is denominated in Canadian dollars.


TSX:HOU - Post by User

Post by mikerosoft666on Dec 04, 2008 2:33pm
270 Views
Post# 15627929

Specboy... my face is serously red here.

Specboy... my face is serously red here.
I hate exposing myself as a moop   (LOL)  but I believe the truth is far better than pretending to be someone else...

I started buying on the way down - perhaps as a contrarian play...  but I thought for sure that we had to see a bounce,  a rally,  a sunspot,  perhaps some chicken guts when strewn on the ground would form an image of an oil derrick with gushers spewing out the top...

I was just telling JimmyRayVan this morning that I think when I saw HOD at $31 and was tempted to buy,  that my instincts were right.

You've been calling the Bear picture pretty accurate but I refused to believe you were actually  GOD !!!   Who knew you were actually  Jesus Christ  and spoke with  GOD  everyday...  LOL

Now I am sitting on some pretty ugly red ink and pretty nervous about switching the game right now...  I suspect there is a small bear rally here and that;s probably where I would like to sideline...  just don't know how much...  can oil retrace to $50 as we get close to Dec. 17th  in anticipation that OPEC will actually take action ?

I listened to McCord on BNN this morning talking about  OPEC's problem is they can't shut down reliably and can't afford to give up the revenue so he doesn't expect they will actually have any control.  And it is highly suspect that the Saudi's wanted to play "wait-and-see".  I'm sure the Americans probably had some influential phone calls before the last meeting...

Doesn't look good right now...  like I said,  I think all speculative fundamentals are upside down right now and I have no confidence as to which way things are going to go...

Burning in hell today on two fronts...    HNU as well...  

Specboy,  I hope you will be Christian in your judgment of me...

:-)


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