So, either today or Monday will be the 1 month mark, (Sunday is the 30th). Let's tally up the score: Buying 8,000 shares of UNG at $12.75 against $11.13 close =-(12,960.00). This is actually very lucky that it is not a much further loss; UNG ran out of shares and is closed-ended for the moment and is trading a generous 16.5% premium to the underlying (it should be trading at $9.29 if they make more shares available, netting a loss of -$27,680.00) Buying 1,589 CHK at $21.40 against $23.59 close =+$3,479.91 Buying 1,433 HK at $23.72 against $21.91 close =-($2,593.73) Buying 1,003 STR at $33.88 against $34.90 close =+$1,028.16 Net gain of $1,914.34 against a UNG net loss (lucky only) of -$12,960 Again, UNG is the shittiest way to play natural gas. Wait until UNG rolls from October futures into November, it's currently over a one-dollar contango spread. OUCH!!!!!!
Natural gas WILL double.. the question is from what level will it double? No one knows that so you simply have to have a very long term time frame and you MUST be nimble and leave yourself a lot of room to add if it goes lower. Now how to play Natural Gas? I still think UNG is the best way even though I think the contango makes it a TERRIBLE vehicle and you're paying a huge premium, however, I'd rather be in UNG simply because I don't want individual stock risk when trying to play a commodity. In my opinion if Natty goes up 100%, UNG should go up minimum 40-60% and I'm more than fine with that kind of profit given there really is no alternative.
http://www.ftportfolios.com/Retail/etf/etfsummary.aspx?Ticker=FCG FCG is a natural gas equity ETF of "exchange-listed companies that derive a substantial portion of their revenues from the exploration and production of natural gas".
Bombs Away! Just broke 10 decisively. 5 % a day for the shorts. When comes capitulation?!!? At this rate, 50 cents a day down, it will be out of business by the end of the month. Free Natural Gas for everyone, hooray, hooray!!!
You CLEARLY HAVE NO IDEA WHAT YOU ARE TALKING ABOUT. Anyone that has an ounce of brain cells can see that the upcoming "roll" in October is gonna be costing the UNG Fund a full $1.00 given the contango. Duh!
Yeah, you sure are MARRIED to it, and I suspect that the DIVORCE will cost you a small fortune. Get ready to move out of your house and into a small garage-style studio apartment.
Yeah, nice rally all right!:eek: It's down 20% since your last post on August 20th, and it's still trading at a horrendous PREMIUM to net Asset Value. Good luck when that premium collapses when new shares are issued. http://www.unitedstatesnaturalgasfund.com/index.asp Some people have NO IDEA what they are investing in. No idea.
Looks like an interesting alternative to UNG, but its price seems to parallel the stock market rather than NG. It also does not have nearly the volume of UNG. UNGs volume is 39,893,500 vs. 518,845 for FCG.