I still like UNG, obviously not for long term holding (R U NUTZ???); but, instead, for some day trades. Today it looks like it may be setting up for some type of bullish run, small, maybe, but eventually likely. There's a beautiful gap on the chart that is just aching to be filled (that's what gaps do). Not to mention, there was a literal boatload of buyers and sellers, yet, the price maintained a relatively level price throughout the day. I wouldn't be surprised if CNBC, or whatever, scared a lot of small investors into selling their shares by saying gas would continue to fall do to the minimal effect hurricane Gustav had; while, bigger players who are short on UNG are covering their positions at a sweet price. Nothing like the bottom.
Of course, this all speculation. I'm not God, or a demi-god, an insider, nor a computer. Just a humble investor with nothing more than two pennies to rub together.
Trade well, but most importantly be safe!
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