The National Bank MM House 80 Knew this was coming and HOU is NOT moving up responding to the correction in Oil from Jan to Feb futures contracts which went from 33.000 to 44.00 overnight.
In December 2008 the MM sold of 41 Million shares more then he bought, and when you have millions more taking out every bid the stock has no where to go but down. We have been robbed by House 80. Compare this to the increase in the short action, which has increased to well over 6 Million. Its pure manipulation at the expense of HOU long shareholders and money is being made as HOU falls on the short side. Get away from this highly manipulated Horizon Beta ETF. The market maker is capitalzing on this fall, you can count on it.
12:45PM
80 National Bank 1,323,715 2,799,336 2.11 3,135,732 6,560,129 2.09 -1,812,017 3,760,793
Add QEC-T at 1.85 partners include Talisman and Forest Oil, 750,000 acres of Quebec shale gas.
The MM knew this was coming and shorted the stock into the millions...
Horizons BetaPro ETFs to split, consolidate
2008-12-22 17:15 ET - News Release
See News Release (C-HOD) Horizons BetaPro NYMEX Crude Oil Bear Plus ETF
Mr. Howard Atkinson reports
BETAPRO MANAGEMENT INC. ANNOUNCES UNIT SPLIT AND CONSOLIDATIONS
BetaPro Management Inc., the trustee and manager of the exchange traded funds listed in the tables, intends to split or consolidate the units of Horizons BetaPro NYMEX Crude Oil Bear Plus ETF, Horizons BetaPro NYMEX Crude Oil Bull Plus ETF and Horizons BetaPro S&P/TSX Global Gold Bear Plus ETF, as indicated.
SPLIT
ETF Ticker Split ratio
Horizons BetaPro NYMEX Crude Oil Bear Plus ETF HOD 2:1
After the Toronto Stock Exchange has closed for trading on Dec. 31, 2008, the units of Horizons BetaPro NYMEX Crude Oil Bear Plus ETF will be split on the basis of the ratio of 2:1, and will begin trading on a split-adjusted basis on Jan. 2, 2009, and the split will become effective on Jan. 6, 2009, for unitholders of record on that day.
CONSOLIDATIONS
ETF Ticker Consolidation
ratio
Horizons BetaPro NYMEX Crude Oil Bull Plus ETF HOU 1:5
Horizons BetaPro S&P/TSX Global Gold Bear Plus
ETF HGD 1:5
After the TSX has closed for trading on Dec. 31, 2008, the units of the ETFs in the table, "Consolidations," will be consolidated on the basis of the ratio of 1:5, and will begin trading on a consolidated basis on Jan. 2, 2009, the effective date of the consolidations.