I agree with Pescod, Regroup for 2009

S&P/TSX COMPOSITE
8309.76 +60.23
SHANGHAI COMPOSITE
1897.22 -90.53
CRUDE OIL
$39.03 -0.88
To say that we are currently going through historical
times is an understatement and everyone is aware of it.
All of a sudden people are watching BNN and CNN like
crazy for hints of what next on the economy and how
ugly it’s going to get.

We’ve already had one of the biggest crashes in his-
tory and some indexes plunged more in the past year
than they did in 1929. So you have blue-chip stocks get-
ting absolutely beaten up, which means for those in the
speculative market such as we like in the resources, it
has been a total bloodbath.

The concern is that hundreds of junior miners will not
be able to get financed in this market, at a time when
roughly 80 to 85 producing mines are being shut down
and in the oil and gas market, there’s not a lot of folks
that make money at $38.00 oil.

Who it is that survives
this time may well thrive when things do get better. Of
course the big question these days is how far away is
that? Is it a mere six months down the road after a mas-
sive stimulus by countries around the world? Or is one
going to have be much more patient? For sure in the
short-term though, there will be casualties.

These have been absolutely brutal days for many in
the market, but over the next few days, it’s time to get
priorities straight and remember that friends and family
are what makes things go.

We, like everyone else, will be re-grouping over the
holidays hoping to battle on through what could be a
very challenging year next year.
Merry Christmas and all the best to everyone!

The House 80 MM ran ahead of the news and killed HOU in Less then 1 week

I exited the stock with a huge loss, but it would have been even larger if I waited till today...

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.