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BetaPro Natural Gas Leveraged Daily Bull ETF T.HNU

Alternate Symbol(s):  HNUZF

HNUs 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 Percentage the daily performance of the Horizons Natural Gas Rolling Futures Index the Underlying Index, Bloomberg ticker CMDYNGER. HNU is denominated in Canadian dollars. Any US dollar gains or losses as a result of HNUs investment are hedged back to the Canadian dollar to the best of its ability. The Fund To be successful in meeting its investment objective during the period, HNUs net asset value should have gained up to two times as much on a given day, on a percentage basis, as its Underlying Index rose on that given day. Conversely, HNUs net asset value should have lost up to two times as much on a given day, on a percentage basis, as its Underlying Index declined on that given day.


TSX:HNU - Post by User

Post by Veritas_vinciton Sep 17, 2009 11:08am
419 Views
Post# 16314586

HOLDING

HOLDINGWell I am holding my position for a day or so at least.  I will come out on top at that time with a nice profit.  Patience is key.  I was in at 2.81 (aka 14) or so and I thought it was a too high of a position but holding that will still pay nicely in a few days.

The other reason for holding is that:  "For all clients who held HNU.TO or HND.TO at the market close on Tuesday: recent unit adjustments are not accurately reflected in your account. TO CLOSE ONE OF THESE POSITIONS TODAY, please contact the trade desk directly...If you do not intend to close one of these positions today, the recent adjustments will be reflected in your account as soon as possible."

In other words no electronic trading is allowed for now.
Bullboard Posts