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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 JustTwiceon Apr 19, 2013 8:47am
175 Views
Post# 21273989

Strategy forward

Strategy forward

I can't bring myself to buy at 52 week highs.  For now looking at low volume retracement that has worked well lately small positions earn some money.  Laws of the market say a 50% correction is coming but from where $5?  That leaves $4 as entry point in this multi yr bull.  Should all this OI exit my view would change until then I'm not fighting it.  I think gas is over valued based on current inventory by 30 cents approx.  Yesterday's huge candle was I think possibly the last of the big bears capitulating at new highs.  No mistake other hedge funds caught off guard.  Will the market turn when injection spread has closed or when storage spread has closed would love to hear some informed opinions on this.  JT

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