Post by
itharami on Apr 22, 2020 9:40am
unbelievable
So what is HOU following right now? What is the price based on? I can't believe, HOU should be way below $1 right now and for that fact I sold yesterday and took a loss, now it turns out I sold at the very bottom. Redicules.
Comment by
mjt2020 on Apr 22, 2020 9:43am
With no new shares being issued by APs, HOU is not directly tracking June futures but it being driven by trading activity. With prices rebounding a bit, part of that is likely a short squeeze.
Comment by
gatman on Apr 22, 2020 9:44am
now trading more or less like an option with premium on the price of crude...place your bets, place your bets!...
Comment by
Mat1791 on Apr 22, 2020 9:46am
Currently and into the future until management resets. This is trading like a stock not a commodity etf.
Comment by
sgates1 on Apr 22, 2020 9:49am
Once we sell we cant buy back right?
Comment by
mjt2020 on Apr 22, 2020 9:54am
Yes, you absolutely can buy and sell as much as you want. I posted something to help explain the morning news yesterday very late last night. Authorized Participants (APs) can't issue new shares right now but that's an entirely different thing than traders being about to buy/sell already issued shares.
Comment by
Mat1791 on Apr 22, 2020 9:55am
Can't believe people are willing to invest and yet don't read anything others are posting to help them???