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UNG - Natural Gas ETF

post #1 of 1352
7/24/08 at 5:09am
Thread Starter 
United States Natural Gas Fund - ETF tracks nat gas

chart.ashx?t=ung&ta=1&p=d&s=l
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post #2 of 1352
7/24/08 at 6:31am

UPL

Well it's July 23rd, 2008 and our UPL position is way down. Do we start adding to our position or wait it out?
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post #3 of 1352
7/26/08 at 2:26pm
I started a position at $42.50 on Friday.
Just evaluating the fund on basic metrics, such as the RSI, MACD, STO's, EMA, etc, the UNG is trading nearly 12% off fair estimates.
I'm looking for the stock inch higher back above $50/share by October.
As a hedge, I bought the XLF common(5:1 spread).

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post #4 of 1352
7/31/08 at 12:48pm
I'm still holding my UNG position. this is the only stock that I am holding. Market are trading at way to rich of a premium. Stocks will come down.

Quote:
Originally Posted by bigbull View Post
I started a position at $42.50 on Friday.
Just evaluating the fund on basic metrics, such as the RSI, MACD, STO's, EMA, etc, the UNG is trading nearly 12% off fair estimates.
I'm looking for the stock inch higher back above $50/share by October.
As a hedge, I bought the XLF common(5:1 spread).
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post #5 of 1352
8/1/08 at 4:15am
Thread Starter 
It is at least encouraging to see that we've halted the enormous gaps to the downside on the open that seemed to happen every 3-4 days.

I think we've slammed so hard into some type of support even the bulls need time to gather their senses.

I'm not sure where else to find short interest, but it looks like the number for the past 15 days on nasdaq.com will update tomorrow. I'm interested to see how many of these red candles are shorters.
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post #6 of 1352
8/30/08 at 1:59pm
Big volume spike two days ago coupled with positive divergence on the indicators suggests that a bottom is in on UNG constituting a low risk/reward.

5-Day Chart


1-Year Chart
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post #7 of 1352
8/30/08 at 2:33pm
if it drops on tuesday after the hurricane effects wear off, I will take a long position. Natural gas usually starts a bullish move into the winter.
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post #8 of 1352
8/30/08 at 3:20pm
I have a position in this. I will also buy UHN later.
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post #9 of 1352
8/30/08 at 5:09pm
Sitting averaged @ 36.749 x 2700
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post #10 of 1352
8/30/08 at 5:15pm
Almost like a bowling ball & pins.

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post #11 of 1352
9/2/08 at 4:26pm
i bought this thing on margin..i got until friday to pay if off...hopefully it will move back up..does anyone thing this thing will go back up tomorrow or thursday maybe back to 35-37?
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post #12 of 1352
9/2/08 at 4:43pm
I think crude will rebound from this massive drop, bringing natural gas up along with it. I think we could see $35 tomorrow
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post #13 of 1352
9/2/08 at 6:28pm
are you buy ung too at this level hermanpu?
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post #14 of 1352
9/2/08 at 11:27pm
yes I bought half today, will fill my other half tomorrow if it goes down more.
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post #15 of 1352
10/31/08 at 2:09am
anyone have any thoughts?

winter is upon us
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post #16 of 1352
10/31/08 at 4:43am
Its been pretty mild up here in the Canadian west, usually if there is no snow by Halloween here it could signal a mild winter, but if it freezes in the east than Nat Gas is on!
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post #17 of 1352
10/31/08 at 5:12am
love UNG at this level, crude is bouncing, winter is coming, bargain price.
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post #18 of 1352
11/11/08 at 7:29pm
Added here on this one!!!
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post #19 of 1352
12/4/08 at 6:43pm
New 52wk low - with a Bang!!!
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post #20 of 1352
12/8/08 at 7:23pm
Could be a bottom here. If it closes above 24 it would be a hammer formation.
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