If you know how it works...think it over...you will know I didn't say it's a scam because I mad at it...whenever the oil spot price is not straight up continually for a while...even just flat...you are making money by shorting it.
-temptemp(N/A);
2008-12-24(#65392@43)
I'm only only talking about HOU...no other Hxx....maybe other Hxx has the same thing, but i haven't look into yet...
-temptemp(N/A);
2008-12-24(#65395@43)
I believe short not works with 单边跌or涨. But if it is up and down then short can make more money.
-tu1990(No 昵称);
2008-12-24(#65451@43)
agree with you ,although hou is trapping 1/10 money of my account , but I won't stop to follow up it. it is not right time to buy if making it as long term, but let us have more discussion when and where is bottum of hou.
-overallbalance(Investor);
2008-12-24(#65400@43)
I bought at 3.00, but with TSX shut down, I could not escape
-overallbalance(Investor);
2008-12-24(#65414@43)
The key is: HOU buy at open contract(44) and be forced to sell(33) at settlement. To long oil, HOU, USO is worst choice. To short oil, HOD is the best.
-ra95.98(_);
2008-12-24(#65402@43)
Do you know what is HOD holding?
-temptemp(N/A);
2008-12-24(#65413@43)
I guess it covered its Jan short at 32 (buy Jan oil 32) and build new short Feb at 44(sell Feb 44)... Doing that month by month ...
-ra95.98(_);
2008-12-24(#65418@43)
I couldn't find the detail of what it's holding...but definitely it's not shorting CLs, i guess it's buying put options on CLs. That's why I don't think it's better than short HOU.
-temptemp(N/A);
2008-12-24(#65420@43)
copied from other website
"Just finished watching BNN, which says that HOU is a good long term
buy (at least 6 months) and that its an easy double up.
-overallbalance(Investor);
2008-12-24{112}(#65411@43)
He figures
(don't know his name) it may go to 1.70, then stabilize, then take-
off. Any news is good news. "
1.7 or so , who agrees?
-overallbalance(Investor);
2008-12-24(#65417@43)
copied from other site
-overallbalance(Investor);
2008-12-24{662}(#65412@43)
I'll give you some good reasons to stay with HOU.
#1: The more it goes down, the more you can purchase. Remember,
think of what oil will be in 2012, not 2009.
#2: Once it starts rebounding, the way up will be a very profitable
one.
#3: Inflation concerns will make $40 a barrel look like $20 a barrel
from the 1990s.
#4: New projects are already being crippled by lack of investment.
These are almost always huge capital projects that aren't going to
reappear anytime soon.
Sometime down the road this is the type of investment you can retire
off of. Hope it continues down in 2009 and continue to buy in if you
can afford to do so.
Long crude oil >< Long HOU, keep this in you mind...if you haven't pay enough tuition fee already...
-temptemp(N/A);
2008-12-24(#65415@43)