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Bullboard - Stock Discussion Forum BetaPro Crude Oil Leveraged Daily Bull ETF T.HOU

Alternate Symbol(s):  HROZF | HZOZF

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 Discussion

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Post by Benji 2000 on Jul 04, 2020 7:58am

X2 on thursday !!

It's was very fast to go from 2x to 1x....but we have to wait a very long time for the inverse (1x to 2X)...

https://www.newswire.ca/news-releases/horizons-etfs-announces-shareholder-approval-for-proposed-investment-objective-changes-to-hou-and-hod-806837351.html

F
rustrathing !!
Comment by DSurfer on Jul 04, 2020 9:25pm
How Frustrating indeed! But let's hope she drops like a rock before July 9th. Then we will ride her up again at 2x speed this time around. It has been some difficult times for the longs and gamblers like me. Could hit $20 to $25 or even more, who knows. Tell us when to reduce position Mat1791, tks for your expertise and patience with us. Best to all! DS
Comment by Mat1791 on Jul 05, 2020 12:02pm
DS I am only holding half my original position. In my previous posts I had always targeted the 40s as my original goal. As the price approached my lower end I started to lighten up. With the virus ramping up, full economic recovery looking to take much longer and the potential for some of the cuts to be reduced as early as August, I'm happy with my earnings. Pissed it wasn't ...more  
Comment by stocksnbonds on Jul 06, 2020 11:33pm
Glad to see you still in Matt!  For those seeing to still ride higher--- be careful. This seems to me very risky at these levels. I was one of the many who got caught going into negative values for the ETF. Not a good feeling. Was able to get out with about half my investment and I consider myself lucky. When it goes double, the downside will be much more likely than the upside. Just a ...more  
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