tag:blogger.com,1999:blog-85082157353410962652024-03-12T23:54:42.817-07:00OnTheBullDisclaimer: All comments made about any investments or stocks are STRICTLY my opinion and not meant to be investment advice on any level. This blog is not created by licensed professionals. Before making investment decisions always consult your financial adviser.OnTheBullhttp://www.blogger.com/profile/08041777861439629150noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-8508215735341096265.post-20955016040419678522021-06-30T18:52:00.005-07:002021-07-01T13:32:32.347-07:00Bulls on the Block - Revolutionizing what it means to build a community around NFTs<div style="text-align: left;"><i>None of this is financial advice in any way. I am not a financial advisor. Do your own research. </i><b><br /></b></div><div style="text-align: left;"><b> </b></div><div style="text-align: left;"><b>Overview</b><br /></div><div style="text-align: left;">Below is a draft framework and thought piece for managing the Bulls on the Block (BOTB) Community Wallet. An intelligent use of this wallet can play a substantial role in setting the BOTB community apart from other projects, while aiding in the development of community (e.g. around discussions on use of funds) and long term value accumulation.</div><div style="text-align: left;"><br />Thoughts below are based on discussions on the discord channel and are meant to be a starting point / thought piece for discussion, with edits from the community. </div><div style="text-align: left;"> </div><div style="text-align: left;">I do not speak for the BOTB community, or the BOTB Team. <br /> </div><div style="text-align: left;"><b>Summary</b><br /><i>The discussion below relies on a trusted and fair DAO / voting structure to manage the Community Wallet. This requires that voting decisions cannot be ‘gamed’ for the benefit of some Bulls over others, along with preventing theft of funds. I will leave the voting structure and methodology out of this, for now, acknowledging its critical importance. </i></div><div style="text-align: left;"><i><br />Management of the Community Wallet would also benefit from certain trust and fairness requirements, such as limiting the percentage of the Community Wallet funds that can be spent in any particular month/year, or ensuring that any material distribution of value to the community is statistically equal for all Bull holders.</i></div><div style="text-align: left;"><br />Please raise thoughts for discussion in BOTB discord. For direct edits DM comments on the below to @OnTheBull, or leave in comments.</div><div style="text-align: left;"><br />The community is divided on the use of Community Wallet funds for (1) short-term community-building activities and (2) longer term investment of funds / accumulation of value within the Community Wallet. <br />Short-term community building activities include:<br /> - Merchandise <br /> - NFT buybacks (including removed from circulation, donated or used for promotions) <br /> - Marketing initiatives <br /> - Airdrops <br /> - Land in Sandbox <br /> - The list goes on…we have a creative community </div><div style="text-align: left;"><br />Longer-term investment of funds includes growth of Community Wallet through:<br />(1) Accumulating fees from OpenSea transactions (2% of sales) <br />(2) Growth from compounding investment returns </div><div style="text-align: left;"><br />The intent of this proposal document is to help set a framework for balance between the use of Community Wallet funds across both short and long-term options. The particular use of funds for short term activities or long term investment decisions should be voted on collectively by the community.</div><div style="text-align: left;"><br /><b>Benefits of short-term community building activities</b><br />Many of the above-mentioned short-term activities are important to build and foster a sense of community, along with providing short-term economic incentives to drive demand for Bulls. Actions to build a sense of community will benefit longer-term demand, while economic incentives (e.g. air drops) will benefit demand in the shorter term.</div><div style="text-align: left;"><br />Further, ongoing short-term activities will help build an ongoing sense of community, purpose, and discussion around the use of funds. This could end up becoming a core component of the BOTB community over time. For this reason, ensuring a continued flow of funds for short-term activities is critical. A longer-term investment fund could help assist with this over time as funds accumulate, enabling short term initiatives even if trading volumes slow substantially and fee income can no longer be relied on. <br /> </div><div style="text-align: left;"><b>Benefits of longer-term investment fund</b><br />There are two primary reasons to consider longer-term investments as a use of Community Wallet funds. Firstly, they set a floor value for Bulls in the market. Second, a large and growing Community Wallet supports community and long-term belief in the project. </div><div style="text-align: left;"><br /><i><b>1. The Community Wallet sets a price floor for Bulls</b></i><br />Borrowing from finance, the value of a Bull is equal to its intrinsic value plus its extrinsic value. That is, a Bull’s value is equal to its proportional interest in the Community Wallet (1/10,000th of the value) plus the value attributed to being part of the BOTB Community and the utility derived from ownership of a Bull (collectability, aesthetics, etc.). Lets ignore future cash flows for now. </div><div style="text-align: left;"><br />Even if all community is lost, the value of a Bull should not fall below the intrinsic value due the arbitrage opportunity it creates. Let’s say, for instance, that over time the Community Wallet grows to 3,000 ETH through the accumulation of fees and investment income (this is not unreasonable, we are currently generating 20 ETH per day in fees). The value of each Bull, in this scenario, should not fall below 0.3 ETH. This is because the Community Wallet can be used to repurchase Bulls selling below their intrinsic value. </div><div style="text-align: left;"><br />Repurchasing bulls below intrinsic value is accretive, increasing the value of each Bull. For example, continuing on the above scenario, if 5,000 bulls were repurchased for 0.1 ETH, this would cost the Community Fund 500 ETH. The 2,500 ETH Community Fund is now controlled by the remaining 5,000 Bulls. This makes the new intrinsic value of each bull 0.5 ETH. Buying pressure from repurchases would ultimately drive the market floor price of Bulls back above intrinsic value. </div><div style="text-align: left;"><br /><i><b>2. A large and growing Community Wallet supports continued community building activities and long-term belief in the project</b></i><br />If the Community Wallet funds were to be spent immediately, so too would community interest and excitement around potential uses of these funds. This excitement sets the Bulls apart from other projects, and thus it is important to retain this differentiated value driver. </div><div style="text-align: left;"><br />A large and growing Community Wallet demonstrates to everyone that Bulls are here to stay, and are increasing in importance. Excitement and interest in the governance of this wallet will increase in tandem with its size, driving demand and higher Bull prices. This creates a positive (bullish) feedback loop that we need to keep spinning. Sufficient funds must be maintained in the wallet to continue short term community activities for the long term. </div><div style="text-align: left;"><br />In order to accomplish this, the Community Fund would benefit from a structure that ensures longevity of the Community Wallet. In short, the fund should not spend more than it is expected to generate in fees and investment income on an annual basis. </div><div style="text-align: left;"><br /><b>The <i>Bullish</i> feedback loop</b></div><div style="text-align: left;">Unique to the BOTB community is the opportunity to deploy Community
Wallet funds to strengthen demand for Bulls. The Community Wallet can be
used to strengthen community, which ultimately drives higher demand for
Bulls. Higher demand means higher fee income from OpenSea, Community
Wallet value growth, and ultimately more funds for community-building
activities or economic benefits to Bull holders over time. <b> <br /></b></div><div style="text-align: left;"><span face="Calibri,sans-serif" id="docs-internal-guid-22d7c25d-7fff-bae2-95c8-76f932000db3" style="background-color: transparent; color: black; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre;"><span style="border: medium none; display: inline-block; height: 379px; overflow: hidden; width: 624px;"><img height="379" src="https://lh6.googleusercontent.com/XYzaLU2c2bQhPZo1ncAjXnTNDNOstmNYDD5HSlCJOs0faNxEmA-Y2r6-4BzTX2pw4AZIgrxHEvggtOv9aq1qrG5vdM7tHoMr5a6IKVwKFIAjGjbiabkqHCO_SMa6X200dSLHqFs" style="margin-left: 0px; margin-top: 0px;" width="624" /></span></span><br /><br /></div><div style="text-align: left;"><br /><b>The Endowment Fund model</b><br />In order to ensure longevity of the Bullish feedback loop, we should maintain balance between short-term activities and long-term growth of the Community Wallet. For context, Universities or charities often use Endowment Funds to ensure long-term funding for annual activities. The idea with these funds is to spend slightly less each year than what the endowment expects to generate in returns. For example, XYZ University’s $5 billion endowment could target investment returns of 6% per year ($300 million), and might use a slightly lower amount of funds (5%, or $250 million) toward activities that benefit the university. </div><div style="text-align: left;"><br />The BOTB Community Fund can deploy a similar approach, aiming to spend less than what it expects to accumulate each year. Below is a diagram to help aid in the thought process (shout-out to @Carranza for creating this visual). </div><div style="text-align: left;"> </div><div style="text-align: left;"><span face="Calibri,sans-serif" id="docs-internal-guid-cc4b0ca2-7fff-0c77-ca81-4dfa77a73cb6" style="background-color: transparent; color: black; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre;"><span style="border: medium none; display: inline-block; height: 263px; overflow: hidden; width: 609px;"><img alt="image.png" height="263" src="https://lh3.googleusercontent.com/v0Rde1NKoPo51IZyqUBt3EFUd75qekJI4hONd-G7BSDWeDzeFTIdvgxEXN_8_UPTd0j6bg4fWGT-mdzYYGk_uenO_0YlK5zriGRi5YWzidzLvqy_7GB0-01H0Y_DuLxVPsmJ7Wg" style="margin-left: 0px; margin-top: 0px;" width="609" /></span></span><br /><br />Over time, the Community Fund can expect to generate two sources of income: <br />1. 2% of OpenSea transactions, and <br />2. Investment returns from long-term investments </div><div style="text-align: left;"><br />Currently, the community fund sits at 92 ETH, made up of 50 ETH that was promised as part of the roadmap, along with ~42 ETH generated from OpenSea fees in the first two days of launch. Given the excitement during launch week, it is highly unlikely that transaction volume will remain at these elevated levels (~20 ETH per day). However, let’s be super conservative and assume transaction volume falls 90% and that Bulls don’t increase in value over time … that still amounts to 2 ETH per day ... 2 ETH per day gets us to ~730 ETH annually ($1.8 million USD). Clearly we have a lot to play with here, and there is a lot of upside to this figure if we do this right. It is important we are all thoughtful on how these funds are used to ensure the longevity of the community. </div><div style="text-align: left;"><br />Referring to the above diagram, the proposed model suggests we essentially split the Community Fund into two buckets. One bucket will fund short-term spending activities on whatever the community decides is valuable at the time (via a voting mechanism). The second bucket will be focused on accumulating a war chest of capital under an Endowment Fund model, which will be used to help fund short-term spending needs over the long term (even if transactions slow significantly) along with demonstrating the growing value of the BOTB community. </div><div style="text-align: left;"><br />In the early years, the majority of Community Wallet cash inflows will be generated from transaction fees. As a percentage of cash flows, this will slowly decrease over time as the long-term investment portion of the Community Fund grows in size, and is thus able to generate more cash flows from investment returns. <br />The community must decide how much of the transaction fees should be directed toward the long term and short term buckets of the Community Wallet.</div><div style="text-align: left;"><br /><b>Pillars of demand</b><br />Ultimately, the above framework should support core pillars of demand for Bulls. </div><div style="text-align: left;"><br /><b>1. Community: </b>A strong community that individuals value being a part of <br /><b>2. Intrinsic value (community wallet):</b> The current value of the Community Wallet, perhaps even including the value of future fee income generated from sales activity <br /><b>3. Governance / voting </b>power over the Community Wallet <br /><b>4. Differentiation from other projects: </b>Included within this category are the unique aesthetics of the bull community (thanks Rui), the ability for the BOTB community to come together and govern the Community Wallet, and what we hope will become a differentiated community of individuals. <br /> </div><div style="text-align: left;">And of course, since someone will comment on this, unique to the value of individual bulls is variations in rarity and aesthetics, as determined by market forces. </div><div style="text-align: left;"><br /><b>Next steps / points for comment and discussion:</b><br />I could only spend so much time on this today, and there is still a lot to think about. I hope this can be used as a starting point to help the BOTB community think more deeply about this topic. Below are some additional items to expand on in the future. Comment in discord! </div><div style="text-align: left;"> </div><div style="text-align: left;"> - Broader analysis of optimal governance structure. The Community Wallet could get very large, increasing the importance of this.</div><div style="text-align: left;"> - Discussion on the proportion of funds to allocate to short term vs. long term Community Wallet Bucket.</div><div style="text-align: left;"> - Deeper discussion on specific options the community should vote on for the short-term bucket and longer-term bucket </div><div style="text-align: left;"> - Safety rules to ensure funds are not misused. E.g. first community vote should only be X% of wallet funds to ensure a smooth process? <br /> - Something else in mind? Comment in discord channel. </div><div style="text-align: left;"><br />Thanks for reading, <br />@OnTheBull <br /><br /></div>OnTheBullhttp://www.blogger.com/profile/08041777861439629150noreply@blogger.com0tag:blogger.com,1999:blog-8508215735341096265.post-75268022937513143682011-06-04T19:46:00.000-07:002011-06-04T21:19:42.528-07:00Dear Timothy SykesDear Timothy Sykes,<br />
<br />
You have recently responded to <a href="http://onthebull.blogspot.com/2011/06/has-timothy-sykes-become-what-he-hates.html">my previous blog post</a>. A post in which I outlined some similarities between your impact on stocks and the impact a stock promotion has. Followed by this, I was accused of being a "penny promoter," and a "liar." In addition, I was instructed to “<a href="http://twitter.com/#%21/timothysykes/status/76381464777867264">enjoy burning in hell</a>.” I believe this to be more false an accusation than I have made to you, and the latter rather rude.<br />
<br />
Tim responded to me in a blog that threw me in with another that he claimed to be a promoter. I would like to outline the difference between me and this other individual who wrote the article on pennystockalerts.com. At least from what I took from it, this post is to bash your business in an effort to promote theirs, and in effect gain more subscribers. I am not trying to promote any alerts I have, I am a college student not a promoter, and I receive no financial reward for this post. (Though I did make a theoretical $1.87 from Google AdSense) The reason I wrote my previous post was demonstrate my disapproval of your impact on stocks, and to make the problem apparent. In this way I have taken a standpoint from an investor’s point of view, not a competitor bashing point of view. <br />
<br />
In your <a href="http://www.timothysykes.com/2011/06/refuting-17-lies-about-my-being-a-penny-stock-promoter-a-scam/">response</a> Tim, you outlined three "Lies" in my post. I will go through these now and show how I have not lied.<br />
<br />
1. <i> <b>“Lie #6: If you have seen any of Tim’s instructional DVD series, you may have noticed his hatred toward penny promoters</b><br />
Actually I NEED promoters I don’t hate them…there is a difference in that I teach you dumb suckers out there to understand what a promoter is, but if you want profit opportunities, you shouldn’t hate them, you should thank them for their unethical existence….I understand why the author of this article confused but it’s an important point.” (Sykes, 2011)</i><br />
<br />
Perhaps I was incorrect that you “hate” penny promoters. It seems you disapprove of their existence but at the same time are glad they exist. I find this view somewhat contradictory but I can see how one can have this view. However, can you really call my misinterpretation of your view a lie? Oxford dictionary defines a lie as “an intentionally false statement.” It seems that having misinterpreted this fact I could not fall under this definition of a lie.<br />
<br />
2. <i><b>“Lie #7: Perhaps I am incorrect, but there seems to be a resemblance between my description of the alerts by Tim Sykes and the alerts from penny promoters. </b><br />
Yes you are incorrect, promoters send out massive email campaigns to millions of people and coordinate efforts with market makers and company insiders to release news in order to get stock prices up to make their masters happy because that’s what they are paid to do…I simply send out my trades, alerts and research…I have roughly 1,300 subscribers, 1/3 of whom even open their emails. I don’t want to influence stocks I want my subscribers to learn why I’m making a trade…and if I teach correctly, many of my subscribers can anticipate my trades because it’s the same damn pattern over and over.” (Sykes, 2011)</i><br />
<br />
I am afraid you are mixing up the term “resemblance” with the term “identical” or “exactly similar.” By stating a resemblance between your alerts and the alerts of promoters, I state only that there are one or more similarities. Oxford dictionary defines resemble as things that “have a similar appearance to or qualities in common with” something else. Thus, by definition, I can say that the resemblance between these alerts merely have one or more qualities in common with one another but are not identical or exactly similar. It can also be true that there are differences and the differences you have pointed out here can be true. I thus make my point that I have not lied here.<br />
<br />
3. <i>“<b>Lie #8: Some in the Twitter community have blamed the recent decline of $TBBC on Tim’s sale of the stock. Though this cannot be proven with certainty as we do not know what would have happened if he did not sell, it would be agreed by most that some portion of the decline was a result of his sale. </b><br />
I sold BRAINY BRANDS CO INC (TBBC) at $1.60ish and it was already dropping fast before I could even get executed so my exit prices are 1.62, 1.60, 1.59 and 1.57…this all happened BEFORE I even got executed let alone sent out any sell alert…<a href="http://twitter.com/#%21/timothysykes/status/76381464777867264">It is long read it here</a>….The good news is that perhaps thanks to ignorant and intentionally misleading posts like these, I might never have to worry about my subscriber base growing that big :)”</i> (Sykes, 2011)<br />
<br />
This is no more a lie than an economist stating the recent recession may have been aided by an ineffective fiscal or monetary policy. Would one call this economist a liar? It is merely an opinion of what caused the financial crisis. There is no way to prove, as I have stated, what would have happened had you not entered $TBBC. As well, I stated only that many would say “some portion” of the decline was attributed to your sale. Even if it was already dropping at the time of your sale, it is possible your sale could have made it fall further or faster than it originally would have. It is possible for this decrease to have caused more panic than would have originally existed. How much? This cannot be determined. Further, I stated that “many would say some portion” of the decline was attributed to the sale. This does not even guarantee I believe it to be true. This statement merely outlines the belief of the common trader at the time. <br />
<br />
In regard to the comments on my last post, I am not responsible for what people say. I have, however, removed many of the posts that I felt were not only opinion. <br />
<br />
As for the title of the article, I merely asked a question. “Has Timothy Sykes Become What He Hates” is only a title to trigger the imagination and interest of readers. I am afraid this question is not a lie. So you see Tim, I have said no lies in my post. Thus, I argue that calling me a “liar” and telling me to “enjoy burning in hell,” for spreading lies about you is unjust and rather immature. <br />
<br />
P.S. Your emoticons do not match your emotions.OnTheBullhttp://www.blogger.com/profile/08041777861439629150noreply@blogger.com2tag:blogger.com,1999:blog-8508215735341096265.post-66019497444183400402011-06-01T21:18:00.001-07:002011-06-02T14:17:59.487-07:00Has Timothy Sykes Become What He Hates?For those who do not know of Timothy Sykes, he is a well known penny stock trader who has verified gains close to 2 million dollars. This track record gained him a following of traders that respect his stock picks, some even paying 49.95 monthly for his stock alerts. His followers are of course advised that these picks are not to be used to trade on, and are for learning purposes only. However, it seems that his alerts do tend to be purchased by large numbers of his followers. This can be seen by a large volume and price spike that followed the alert of $LEXG and more recently $TBBC. <br />
<br />
If you have seen any of Tim's instructional DVD series, you may have noticed his hatred toward penny promoters. These promoters send out stock alerts to their email lists promoting the purchase of stocks they are compensated for. Those who receive these emails may buy the stock hoping to gain from them. These alerts of course manipulate the stock by creating large increases in volume and often a spike in share price. <br />
<br />
Perhaps I am incorrect, but there seems to be a resemblance between my description of the alerts by Tim Sykes and the alerts from penny promoters. It could be argued however, that the penny promoters know that they are influencing the stock price. A possibility is that the influence on the stock from one of Tim's alerts is just accidental. It may just be a resulting from the volume of followers Sykes has acquired over the years. However, I would not agree that he does not know of this effect. In one of Tim's DVD programs he discusses Jim Cramer's effect on stock prices and mentions that he may some day have a similar effect. For this reason I would like to think that he is not unaware of the effect on the stocks he alerts. <br />
<br />
Perhaps Tim has his followers best interests in mind and that is the difference between him and a penny promoter. I have no statistic on the profitability of those who follow his alerts, but I can only assume that some of them make money. However, I would expect those who were most profitable following his alerts to be the ones first to purchase, as I would expect for a penny promotion campaign. (I am of course not considering those that use the alerts for education only and make their own picks.)<br />
<br />
The volume increase caused by the alerts also has the reverse effect. When Sykes sells his shares of a company, those who purchased on his alert will likely sell when he does too. Thus, instead of a price spike, a sharp price decline results. Some in the Twitter community have blamed the recent decline of $TBBC on Tim's sale of the stock. Though this cannot be proven with certainty as we do not know what would have happened if he did not sell, it would be agreed by most that some portion of the decline was a result of his sale. <br />
<br />
Even if Tim is looking out for his subscribers interests, what would surely set him apart from a promoter would be looking out for the good of the trading community as a whole. I would suggest that stock manipulation, whether for the good of your subscribers or not, is still manipulation, and poor practice in the investment community.OnTheBullhttp://www.blogger.com/profile/08041777861439629150noreply@blogger.com29tag:blogger.com,1999:blog-8508215735341096265.post-51887359817977581592010-06-10T18:17:00.000-07:002010-06-10T18:26:07.966-07:00HNU.TO Update<div class="separator" style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEit1XvWY-uFy25zPpYexYWtAtEU31xQgAn8l45bk-NSBJ7OsQiAdNc9Hldlte1QDpZ20Ze-Yc34429t0rw17y9nYkSjrBpTuvMgiKFBpJAgc-ovMptKHPcKwZYop9pDPmkR63WlGox-uYPO/s1600/HNU.TO.png" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="365" qu="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEit1XvWY-uFy25zPpYexYWtAtEU31xQgAn8l45bk-NSBJ7OsQiAdNc9Hldlte1QDpZ20Ze-Yc34429t0rw17y9nYkSjrBpTuvMgiKFBpJAgc-ovMptKHPcKwZYop9pDPmkR63WlGox-uYPO/s400/HNU.TO.png" width="400" /></a></div><br />
UPDATE: Rising natural gas futures brought HNU up past its resistance at $6.4 and made a strong upward movement. Since then, it has bounced off the bolinger band and is comming back down toward this resistance level. After this breakthrough, it is likely that the price will bounce off of these lows and head back up to our price target at $7.9. This is the next resistance level. <br />
<br />
WHEN TO GET IN: A great indicator in technical analysis is to look for a bounce back off the resistance levels to test its strength. After an uptick from $6.4, this is a good indicator to buy.<br />
<br />
RISK LEVEL: Because HNU is a 2X leveraged ETF, it is not reccomended for investors with a buy and hold strategy. For this reason, I would reccomend investing for a short term gain and getting out while your ahead. Remember that the next resistance level is at $7.9 so holding it into that resistance could be risky.OnTheBullhttp://www.blogger.com/profile/08041777861439629150noreply@blogger.com0tag:blogger.com,1999:blog-8508215735341096265.post-19258827445172737392010-06-04T16:55:00.000-07:002010-06-04T16:55:43.829-07:00On Track: What Happend Last WeekLast week U.S. stocks rose with key benchmark indexes reviving from overall 3 month lows. Key points in the news this week included home sale forecasts and speculation on energy shares, speculation that was somewhat due to the continued coverage of BP's oil spill in the Gulf of Mexico. Overall, the Dow Jones Industrial Average finished ahead by 2.3%, while S&P and NASDAQ indexes increased over 2.5% respectively. All ten sectors ended positively Friday, with the energy sector gaining 4.3% to lead in gains. Additionally, both the financial and materials sectors increased in excess of 3% finishing behind the energy sector.OnTheBullhttp://www.blogger.com/profile/08041777861439629150noreply@blogger.com2tag:blogger.com,1999:blog-8508215735341096265.post-55096241826319462010-06-03T17:24:00.000-07:002010-06-03T17:33:14.834-07:00HNU.TO<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBBfeGdvxi3DOvR6onqI3s_dbc-QNn7v_g6lnyjDIPIl25LKIKrL24j_Z167i53MuqTiaJ1mB62FpaiBrDR788AcV9XOvtnvY0_pxgcagvT4_diBZ-QoFe0sZzUrg61lKcU3eCmcEJz4b4/s1600/HNU.TO.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 303px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBBfeGdvxi3DOvR6onqI3s_dbc-QNn7v_g6lnyjDIPIl25LKIKrL24j_Z167i53MuqTiaJ1mB62FpaiBrDR788AcV9XOvtnvY0_pxgcagvT4_diBZ-QoFe0sZzUrg61lKcU3eCmcEJz4b4/s400/HNU.TO.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5478709574349178594" /></a><br /><br /><br />Amazing turn out in natural gas today! HNU.TO is a 2x leveraged natural gas ETF that I follow closely. Today it has broken through strong resistance at around $6.4. This now becomes the floor resistance! Great buying opportunity. Look for trading above the current close tomorrow as an even better indicator. GET ON THE BULL! This stock is gonna move!OnTheBullhttp://www.blogger.com/profile/08041777861439629150noreply@blogger.com0