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#1 Mike

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Posted 17 July 2009 - 11:09 AM

Charts don't often look this appealing...
http://stockcharts.com/c-sc/sc?s=$NATGAS&p=W&st=1994-05-01&i=p82607364126&a=156126985&r=880.png


A pullback to test the breakout would be just about perfect.
http://stockcharts.c...53256&r=552.png

#2 johngeorge

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Posted 17 July 2009 - 12:23 PM

Charts don't often look this appealing...


Amen Mike

I am getting ready to load up the truck. And thanks for the great chart work. :)

Best to you.
Peace
johngeorge

#3 inamosa

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Posted 17 July 2009 - 12:29 PM

I'm with you guys. Added some UNG early yesterday to my existing positions taken in recent weeks. Avg. cost is $14.49 My position size is still less than half of what it may end up being...but we'll see My intention right now is to hold this as a multi-month to multi-year investment
"Our job is not to predict where the market will go, but to interpret daily price and volume action to ascertain the facts of the current environment and make decisions based on that interpretation."
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months

#4 dharma

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Posted 17 July 2009 - 01:34 PM

right this minute, this looks like the best vehicle to me. oversold diverging. nice work mike dharma

#5 Getting-Smarter

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Posted 18 July 2009 - 09:21 AM

right this minute, this looks like the best vehicle to me. oversold diverging. nice work mike
dharma



I was also looking at UNG, based off a monthly chart but read this. Is there a way to confirm that the UNG fund lost approval to buy Long dated futures on NG?


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The U.S. Natural Gas Fund failed to get regulatory approval to issue new shares. So it can't buy more long natural gas contracts... right at a time when investors are interested in buying hard assets. The fund has grown sixfold since March.

Citigroup says the fund accounts for one-third to one-half of all the gas contracts traded on NYMEX and ICE, possibly propping up gas prices.

Because investors want the fund, but it can't buy more gas contracts, the fund's price has disconnected from natural gas. On Wednesday, for example, the fund dropped 2.3%, much less than natural gas futures dropped.

In their infinite wisdom, the regulators have restricted the market and possibly set up an arbitrage opportunity. Theoretically speaking at least, it appears you might be able to sell short the natural gas fund and go long the futures and collect the spread.

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#6 Mike

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Posted 18 July 2009 - 10:06 AM

Getting-smarter, without issuing new shares UNG will perform like a closed end fund, e.g., CEF. Buy when the premium is low. That said, why did you post all that garbage and mess up this thread? -MK

#7 Getting-Smarter

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Posted 19 July 2009 - 09:25 AM

Getting-smarter, without issuing new shares UNG will perform like a closed end fund, e.g., CEF. Buy when the premium is low.

That said, why did you post all that garbage and mess up this thread?

-MK


I posted the article and link. Sorry, thought it was relevant for those that didnt know that about the UNG fund being discussed. Ill go back to my hole and lurking.

#8 Lysis

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Posted 19 July 2009 - 09:39 PM

Until UNG reaches 11 1/2 it's still not a "bargain."

#9 dasg

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Posted 19 July 2009 - 10:14 PM

Am playing this upl, which has nat gas component in case the market likes oil and gas stocks but not nat gas pure play. thoughts? best, DG

#10 johngeorge

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Posted 19 July 2009 - 10:42 PM

DG

UPL looks like a winner to me. I am presently in UYM and decided to stay with it, as you note in UPL, UYM also has a natgas component.

Best to you.


http://stockcharts.c...0876&r=5191.png



http://stockcharts.c...40562&r=241.png

http://stockcharts.c...0562&r=8489.png
Peace
johngeorge