Opinions
John Hood
HBP NYMEX Oil Bull+ ETF
HOU-T
BUY
Sep 03, 2010
NYMEX Oil Bull+ ETF. He remains bullish on oil and prices are at a Buy level. You have to be careful of this one because the multiplier effect. These are short-term trading vehicles for day traders, not for long-term holds.
$5.820
Stock price when the opinion was issued
E.T.F.'s
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
DON'T BUY
Levered at 2x, hedged to the CAD, holds futures contracts but not shares of oil producers.
If you want to speculate on oil, is this a good vehicle? Very, very risky.
One good thing about being in the stock market is that if you don't get it right, right away, over the long term you tend to get bailed out. Products like this have serious tracking errors. You have to be very careful. Only for very short term. He wouldn't use it. The oil price is manipulated.
Lots of oil stocks are pretty cheap, pay nice dividends, have good shareholder returns. That's what he'd do. It's more boring, but less risky.
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