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BetaPro Crude Oil Inverse Leveraged Daily Bear ETF T.HOD

Alternate Symbol(s):  HBTPF

ng of shareholders on July 2, 2020 (see Recent Developments). HOD's investment objective, which became effective at the close of business on July 9, 2020, is to seek daily investment resHOD's investment objective was changed after gaining approval at a meetiults, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times (200%) the inverse (opposite) of the daily performance of the Horizons Crude Oil Rolling Futures Index (the Underlying Index, Bloomberg ticker: CMDYCLER). HOD is denominated in Canadian dollars. Any U.S. dollar gains or losses as a result of the ETFs investment are hedged back to the Canadian dollar to the best of its ability. In order to achieve this objective, the total underlying notional value of these instruments and/or securities will typically not exceed two times the total assets of the ETF. As such, HOD employs absolute leverage.


TSX:HOD - Post by User

Post by smallcaptdron Jul 04, 2022 9:25am
182 Views
Post# 34798845

As Oil heads higher

As Oil heads higherWhen Oil heads higher I'll be buying shares to average down I'm already into HOD for 225,000 shares and Oil will go lower at some point and I'm willing to hold onto my shares till the cows come home because lower Oil prices is a certainty. Just look how far Oil can fall in 7 months. 
June 2008 Oil at $140 7 months later Oil was at $42.
June 2014 Oil was at $106 7 months later at $49
And Oil has dropped from highs many other times in a short trading range so one night we could go to sleep while Oil is at $120 and the next morning it starts to head down to $60 and because of the Global rate hikes happening in a month Oil could be easily under $100 and falling and thats why I won't sell but I will add because I'm using money that was made from other trades.
GLTA JMHO  (always DD)
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