UNG - Natural Gas ETF - Page 53

That support held nicely, the next break above the resistance currently at $6 will be worth playing.

Leebert, you avatar should be HSMs tag line:

looking good this morning

is this a buy now

http://www.bloomberg.com/news/2011-0...rse-split.html

good news or bad

The reverse split is probably necessary. I could see UNG otherwise sinking below $5 and becoming more difficult to trade. For example, Scottrade doesn't allow you to short below $5 and there are increased margin requirements for low priced stocks.

Because of the way some of these ETFs are structured, they decline in value over time due to rollover rates in the futures.

A reverse split is generally not a good thing, but then again, nobody should be holding stuff like UNG for the long term anyway. UNG is a trading vehicle to play the uptrends in nat gas.

As for the current set up, staying long above $6.15 looks about right, but below that is the gap which may get filled around the $6 level, which is not too bad of a dowside risk target.

im in at 6.29 its gonna get frigid over the next 2 weeks. We are gonna deplete a lot of gas here as they where calling for a mild jan. Well they are gonnna bust big time and i mean big time here. I wonder what that means for this stock

Here we go into gap fill area, lets see how the 4.50 are does on nat gas and $6 on UNG

Where would you set ur stop stock with ung im thinking 5.98

I agree. Especially because UNG loses so much value just having to roll over contracts every month. I do think a NAT GAS price recovery will come in the next 6 - 18 months, but who knows how much value will get burned up in the roll overs before that happens!

nice day

If Natgas can keep on this trend, I would consider a move in UNG over 6.40 as a pretty good shot for some upside for a change.

will see where it goes tomorrow. Does Options exp effect this stock much?

should be a good day another snow storm tomorrow for the north east followed by frigid temps

I would not worry about storms or not storms, cold or warm, its just an excuse but not a trigger for a move in most cases.

If that were the case, natgas would always rally into the winter and sell off into the summer, but it does not.

so whats ur feeling with the price do we move higher or lower from the levels now

Needs to get over those other tops in this range. Sellers kept it down last time, if they step aside this time it can go.

Good pre market action 6.45 now