To buy HNU or not to buy that is the question?OLD NEWS....LOL
Horizons BetaPro NYMEX Natural Gas Bull Plus ETF (2) (C-HNU) - In the News
Globe says Horizons ETF leveraged to gas price change
2009-06-18 07:07 ET - In the News
Shares issued 32,238,125
HNU Close 2009-06-17 C$ 7.45
The Globe and Mail reports in its Thursday, June 18, edition that Marquest Asset Management manager Andrew Cook recommends buying Horizons BetaPro NYMEX Natural Gas Bull Plus Exchange Traded Fund. Lois Lee writes in The Globe's BNN Market Call column the ETF jumped 36 cents to close Wednesday on the Toronto Stock Exchange at $7.45. Horizons BetaPro NYMEX Natural Gas Bull Plus ETF has an extremely wide one-year range of $5.25 to $192.76. Mr. Cook says: "We believe that natural gas is bottoming and at this juncture offers the best risk-to-reward proposition of all the commodities. This ETF offers leverage to a natural gas price change." In his general outlook Mr. Cook says: "While stocks have rallied significantly from their lows and may consolidate in the near term, we believe that the amount of monetary and fiscal stimulus, the steep yield curve, attractive valuation and cash on the sidelines ensure a continued upward trend in equity markets. Outperformance will continue to come from emerging markets and the resource sector. From a strategic view, we have been taking profits in stocks that are overbought and redeploying the cash into stocks which demonstrate better risk/reward."