Big Dog's Boom Boom Room Message Board

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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: couldawoulda who wrote (117758)	2/13/2009 1:13:14 PM
From: Salt'n'Peppa	Read Replies (4) of 206131

... and now that HOD/HOU have rolled over 100% into the April contract, the March contract rockets back up, currently up almost $4/bbl. They certainly do influence the market in a big way! Sure wish I had understood this rollover procedure before holding these things overnight this week. They have been a great daytrade for a month but I wiped out all 2009 HOU/HOD gains (and more) in just the past two days. :-( I will continue to daytrade these ETFs but will be sure to sell out 100% and accept a small daily loss if I have to, come the 8th day of each month. Better that than a massive loss. I do understand that it is a bit of a casino. I'll be content to just watch the rollover take place and sit on the side lines in future. Buyer beware. Licking my wounds. S&P

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