BetaPro Crude Oil Leveraged Daily Bull ETF T.HOU

HOU

[Canadianman72]

There had better be accountability for what has gone on with HOU, I bought lots when oil was less than $5 and the next day oil is at $15 and HOU is down over half from then??? How does that work? I have watched this stock for 12-15 years and it always follows oil by double fairly closely. Something funny going on!!! Cheating investors.

[Stalion1987]

That is exactly what I am wondering, how can HOD and HOU both be down, they are supposed to go opposite direction

[marvelmaker]

If you follow the USO story a few posts back, the issue is storage and futures pricing dealing with the glut. Seems these ETFs are losing money and their NAVs are being written down as the demand is gone for oil

[YetAnother1]

Something funny coing on?. Have you read the papers recently? While it is true that retail took a beating, pros did too. This is not a "horizons bad" situation.

[NoobTrader8]

The problem is HOU moved to June contracts a couple weeks ago.  I think you were looking at the May contract that fell below $5 then into the negative had no effect on HOU.  Effectively, anyone that's holding HOU will lose their shirts because HOU fell a bunch this month following the May contract.  Buyers now will lose as well because Jun contracts prices will fall like May

[Time4gold]

I have contacted Horizons and the ombudsman. I  bought in at 5.00 oil price as well. Somehow we have to get a lawyer on to this. This is disgraceful. 

[YetAnother1]

The first thing a lawyer will do is read the propectus. At $400 an hour. Then she will read the pertinent NR's, heck maybe all of them. $400 an hour so why not.

[Stalion1987]

I got over 100 K in this and spending another 10k on a lawyer does not bother me if Horizon is at fault.I am in.

[YetAnother1]

Oh brother! Maybe I was not clear enough. My point is the lawyer will do what buyers should have done before buying. btw - the lawyer will get back to you with the bill and the opinion that you have no legal footing.