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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

Comment by mikerosoft666on Feb 06, 2009 4:01pm
447 Views
Post# 15759559

RE: RE: RE: RE: Beware of these bs ETFs

RE: RE: RE: RE: Beware of these bs ETFs
Shiningstar

I suspect it's not more of a scam than the Black Jack table with multi-decks because you can't count cards...  so you play and hope that you get lucky and that the odds will still be with you.  But if you aren't catching the cards you have to have the discipline to get up from the table.

I mean what are you tracking that makes you think it's a scam ?

If oil moves up 1.14% and we don't get EXACTLY 2.28% ???? Is that the scam part ? 

As long as I get the 5% - 10% daily swing in the final dollar amount I've invested and don't get too excited that it wasn't the 10.01872456% I was expecting.  But then I only have $100,000 in this game so perhaps it's not as meaningful to me as it must be to you.

Also,  you have to remember to sell high and buy low.  It's almost a fun game trying to figure out what LOW means and what HIGH means.

Today - dumped at 7.55  -  and missed the run to $8.  Bought at $6.76...  6000 shares...  made 4700 after trading fees ($7).  I'm having a really hard time worrying about whether or not it's a scam.  And if somehow I scammed you out of your money today ????  then I truly am sorry...

Gotta run...   WZR just pushed .94¢
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