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BetaPro Canadian Gold Miners 2x Daily Bull ETF T.HGU

Alternate Symbol(s):  HZNSF

HGU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the daily performance of the Solactive Canadian Gold Miners Index. If HGU is successful in meeting its investment objective, its net asset value should gain approximately twice as much on a given day, on a percentage basis, as the Solactive Canadian Gold Miners Index when this Underlying Index rises on that given day. Conversely, HGUs net asset value should lose approximately twice as much on a given day, on a percentage basis, as the Solactive Canadian Gold Miners Index when this Underlying Index declines on that given day. In order to achieve this objective, the total underlying notional value of these instruments and/or securities will typically not exceed two times the total assets of the ETF. As such, HGU employs leverage.


TSX:HGU - Post by User

BetaPro Canadian Gold Miners 2x Daily Bull ETF
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Post by mikerosoft666on Nov 21, 2008 4:40pm
323 Views
Post# 15602834

I got killed today...

I got killed today...
I was holding HGD this morning and started averaging down (from $10.69)until I realized this was the event we had all been waiting for...  got out at $7.80 at a $10K+ loss...

Yesterday I sold my 13000 shares of HGU at $4.70 and $4.80 thinking we were really going to rip the bull a new one...  Avg. Cost 5.91 at around $15K loss.

Then played the HXD for a bit but wound up down $5K at the end of the day...

Still holding HXD for Monday...

Now I'm praying for someone to invade Canada and specifically attack the resource sector... LOL...

It's the feeling of incredibly stupidity that is toughest to shake...

Have a good weekend all and CONGRATULATIONS to all the believers...




Bullboard Posts
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