BetaPro Crude Oil Leveraged Daily Bull ETF T.HOU

Reverse Split

[Mat1791]

Was inevitable, needs to stay listed.

Mathamatically neutral.

In normal times no big deal, investor psychology generally hates reverse splits but rebalancing would have negated trader bias.

In these times, where the etf is now trading more like a stock, afraid to say that psychology could increase selling bias.  (opinion not fact)

However, I wouldn't be surprised that more deer in the headlight ,retail amateurs will probably keep buying thinking "oil is too low" helping to support the price.

HOU on April 20th vs HOU today - 100% different beasts...

[mdjbrown]

Different beast is an understatement, Matt A manager of any publicly traded company trading on the TSX would be lynched if they ever attempted 2 share consolidations in a months time. Unfortunately, after the 20:1 split takes place next week, there are no guarantees oil prices will be on the upswing as availability for oil storage will face even greater pressures unless the world gets moving by

[Mat1791]

Well said...

[Nakate]

Do not hold this thing through the reverse split, you won't be able to trade it online and if you really want to sell you will have to bribe your online broker to getter done if you can get one on the phone.  Its a nightmare if it the trade goes bad and from what Ive seen it rarely go in favor of retail. GL and don't do it 3 days maybe more before the new shares show up in your

[JUICE01]

the good this we have until 28th April, I meself will not be holding or trading it at that point. Looking for a pop to get out !!

[Barrhead]

Yes this may pop; Therefore they have added the provisio   'Horizons ETFs reserves the right to cancel or amend this corporate action, if we deem it appropriate to do so, before the effective date.'

[JUICE01]

Good point BH, they slipped that in there just in case the stock runs up ! They its a win win to bring the price right back up !!

[Barrhead]

Or it goes sideways on the managers when they are named in some legal documents, filing by other interested parties or 'they see the light' ...so to speak such as due to extreme market conditions due to geopolictical ambitions or adversaries.

[Mat1791]

Certainly could.  This is the wild west now.  No intrinsic value.  If there is more buyers then sellers, stock will go up.  More sellers then buyers, stock goes down.  Simple supply and demand now.  Uneducated are going to dictate where this goes.   Those in it that don't understand, will get frustrated with it not following oil, like today, and might sell

[Bigpaulbunyon]

They probably did a 20-1 because they know it's gonna drop 7-9 bucks . Even if oil stays at this level . Good chances June contract will go negitive , even with China buying , tension in the Middle East.