This ETF has inflicted major injury to my bullish portfolio. I didn't panic though, even as my entire portfolio tanked mid day. UNG helped keep me well in the red, even as my other holdings made a decent comeback at end of trading day. I remain long and strong, though not as strong. I need a BLIZZARD!!! Are there ANY longs still standing other than me? Will I get all the gap up money Tues?
May be a good time to add to your positions given all of the recent carnage, and an inevitable economic recovery on the horizon. I believe a 3 year outlook is reasonable. A recovery that starts off sluggish from a deep recession will likely act like a locamotive, gradually building momentum, then inertia will keep it going even as the breaks are applied. Nat Gas will rally in a major way, just a matter of when the rally will start, this month, next or early 2010. Hard to tell when, but certainly will have a major run over next 3 years. The weak longs are likely out for now, and will likely see a near term rally this week. Tuck those 300 shares away, and do some dollar cost avg to bring your basis down. Of course, I am only suggesting what I would consider doing. How you invest is strictly up to you. But, nice to hear that there are a a few fearless longs out there. Do