HOU is very much NOT a long term investment because of the Double Leveraging and because of the volatility of CL prices.1 g e# K: @8 o6 F& y G) |
It is for short-term trading only.% E3 @. Z5 N# }$ \7 E( j7 z; k
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Long term oil bulls who want to buy and hold are better off buying quality E&Ps or the XEG, or NYSE:OIL, not HOU.