I had this for long time, I actually never know what the company of this stock is...Am I the only one being so ignorant???
-bugatlarge(hy);
2009-8-27(#102624@43)
This is not a company. it's a 2x tool to track natural gas future price movement. This is for trading ONLY!!!!!!!. Eventually, it will go to ZERO.
-renchong(人虫);
2009-8-27(#102630@43)
Please advise why eventually it will go to zero??? Thanks!!!
-bugatlarge(hy);
2009-8-27(#102653@43)
Because the price usually moves zig zag. In the procees, for a 2x etf, gain is always < loss.
-renchong(人虫);
2009-8-27{192}(#102659@43)
A extreme example
a stock price 10
a 2x ETF based on this stock,
one day price is up to 15, 50% gain, your 2x ETF 100% gain.
next day stock price drop to 10, 50% loss, 2x ETF 100% loss = 0
See. so basically, you are saying this is a 100% leveraged investment., high risk and high return. The price will not necessarily going south eventually...so I can live with that... thank you for the explain.
-bugatlarge(hy);
2009-8-27(#102666@43)
for trading, not investment. because in a long run, future price is alway up and down.
-renchong(人虫);
2009-8-27(#102669@43)
So how high do u think it would go in the short term? 3? 4?
-bugatlarge(hy);
2009-8-27(#102673@43)
i don't know. I don't have HNU. i only DT it now. i think 3 is possible. but 4 is pretty hard
-renchong(人虫);
2009-8-27(#102675@43)