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UNG

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Posts: 15
 
Captain
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Joined: Oct, 2006
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Posted: #1
what do y'all think about UNG.  Trends up in summer significantly and it seems like a great entry point.  I've also read some articles that have made me interested in making this trade.
Before I do though, I wanted some feedback if it is indeed a good move for a couple month play....? 
 
Captain
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Posted: #2
no opinions on Natural Gas prices?
 
Veteran
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Posted: #3
I am always weary of ETF's personally.  Not sure how they exactly work.  Seems they always somehow screw the investor.


 
Covers Linesmen
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Posted: #4
I like natural gas for the summer and fall, but like VH says it is risky, but I like it.
 
All-Star
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Posted: #5
Hold Em is right-------no one o the planet can give anything close to an accurate model as to how an ETF is priced. 
 
An ETF like UNG is priced on momentum, fear, and greed-----a market maker's dream to f--k over the little retail guy.
 
Captain
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Posted: #6
thanks guys
 
i understand that there may not be a rhyme or reason to the pricing, however, i think this is probably the purest play on pricing of Natural Gas so I'm going to get in here or below, I still think its a good entry point and that NG will go up. 
 
i know a couple good companies that may be good plays as well like southwestern energy but prefer the straight gas play
 
Captain
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Posted: #7
limit order went through at 14$ the other day.... so now I am in.
hopefully the weakening dollar continues so all my commodity plays, DYY, DXO, UNG, GLD continue to skyrocket
 
Captain
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Posted: #8
UNG up big today.  back up to 15.82 or so.... good bounce for me. looking for it to hit 20$ over summer
 
Captain
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Posted: #9
just bought more..... under 14$
 
 
Captain
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Posted: #10
 
Rookie
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Posted: #11
Still solid. Not up to $15 today, but it reached $14.74 so far.
 
Captain
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Posted: #12
it went above 15$
it hit 15.20 or so, im too lazy to look right now....
im def just gonna keep adding to the position.
i honestly see it topping 50 in the next 6 months
 
last july it was $70+
 
Veteran
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Posted: #13
Quote Originally Posted by pederson16:

it went above 15$
it hit 15.20 or so, im too lazy to look right now....
im def just gonna keep adding to the position.
i honestly see it topping 50 in the next 6 months
 
last july it was $70+


It won't sniff $50 in the next 6 months maybe in 6 years, but doubtful
 
Captain
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Posted: #14

Quote Originally Posted by jaxwhitey:



It won't sniff $50 in the next 6 months maybe in 6 years, but doubtful

agree to disagree

 
 
Covers Linesmen
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Posted: #15
I think it gets there eventually, but it isnt a TRUE play on NG since it rolls futures forward.

Futures roll forward and will price in higher NG prices come late summer, so unless momentum comes back it wont run to 70 unless crude hits 200.
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