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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 by User

Comment by Cartman666on Jan 29, 2009 10:27am
393 Views
Post# 15736554

RE: I guess it would be really really stupid...

RE: I guess it would be really really stupid...Mike, hang in there and don't even think about averaging down here - IF Oil is around $40 as the afternoon approaches, there is a chance the big volume comes in for the potential afternoon rally - that would be the time to roll the dice, IF AT ALL.  The Dow and S&P are holding steady down 1.5 and 2%.  We have to see how the market reacts to the data - my guess is the markets may sell off further.  Of course, it's been a crazy enough week to not be surprised to see the markets close in the green as well.  Bottom line, IF you are considering averaging down, wait for another test and bounce off the $40 mark...
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