BetaPro Silver 2x Daily Bull ETF T.HZU

Alternate Symbol(s): HZMXF

Metals & Mining Silver

HZU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times 200 Percentage the daily performance of the Solactive Silver Front Month MD Rolling Futures Index ER the Underlying Index, Bloomberg ticker SOLCSIER. HZU is denominated in Canadian dollars. Any US dollar gains or losses as a result of the ETFs investment will be hedged back to the Canadian dollar to the best of its ability. The Fund If HZU is successful in meeting its investment objective, its net asset value should gain approximately two times as much on a given day, on a percentage basis, as its Underlying Index rises on that given day. Conversely, HZUs net asset value should lose approximately two times as much on a given day, on a percentage basis, as its Underlying Index declines on that given day.

TSX:HZU - Post by User

BetaPro Silver 2x Daily Bull ETF

Bullboard Posts

Post by thefareguruon May 03, 2011 2:55pm

217 Views

Post# 18524162

If I were running this market...

...I'd try to close it very near to $40 to scare the overnight holders. Then have fun with it the next morning with a strong open down, ending up around $12.50 off the $49.82 high.
Now as I write this, I notice that a chart point has been hit. $40.60, exactly $5 off the high for the day. If it can break this, we can have some fun. BTW, I bought HZD today when the contract was around $42.50.
Merde, it looks like the $40.60 is holding. I might sell.

Bullboard Posts

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