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Comment by Richard Ide on September 7, 2009 at 5:48

I have read some of the negative stuff circulating on this fund. Perhaps some of it is right, but I rather think the steadily dropping price of natural gas is the real villain in the downward movement of the fund shares. Should the NG price bottom, the fund stay in business, and the fund price drop even lower than it now is, the shares should be a wonderful buy - with nowhere to go, but UP.

Richard Ide

Comment by Carter on September 3, 2009 at 17:58

Hopefully, anyone considering buying when this posted took heed of my warning, and took a look at the charts. If you did, you saved a lot of money, as UNG has hit the skids.

Comment by Carter on September 1, 2009 at 11:56

here is the link to full size image, as I did not realize it would show up so small.UNG_Options.png

Comment by Carter on September 1, 2009 at 11:46

Not saying that you shouldn't scale in some UNG right here, but beware this ETF has some problems in short term in addition to Natty continuing to fall, the NAV (net asset value) is $9.18, and today it closed at $10.72 which represents 16.78% premium just for the privilege of owning UNG. As you can see from the options chart below, investors are heavily betting on lower prices in the future, as can been seen by the heavy ratio of puts to call on October strike prices. One thing that has been working a bit of late is accumulating UNG Tuesday and Wed, and selling into the EIA numbers Thursday morning. Typically we are seeing weekly lows into Thursday, spiking up Thursday into the EIA, and then selling off and repeating the process. Not saying it will work this week, but has worked the last few weeks. Otherwise I'd wait for UNG to shed another 10% at least before scaling in.

(disclosure no position in UNG personally right now, but long some GAZ (natural gas ETN in long term account)

Comment by London on August 31, 2009 at 7:12

buy! buy! buy!

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