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VelocityShares 3x Long Natural Gas ETN Message Board

  • cutemike7777 cutemike7777 Oct 28, 2013 9:16 AM Flag

    Hi all..

    I thought this will never go below 15.5 at this time.
    I have 1000 shares at an average of $16. ShouldI add more, or wait.
    Suggestions Please..

    Sentiment: Hold

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    • I cleared my UGAZ position near 13.99-14... Made over 11% in 3 days. I'll take it. Nat Gas report today a little bearish, so will let market digest the report for next day or 2, & one must consider that Nat Gas is up 3 days in a row before this report today, so a pull back is natural... But i'll be interested in buying on a pullback if happens because I still think we see 16+ on UGAZ by about end of November.

    • I'm liking UGAZ here near 14 or less. If it sells off on inventory report Oct 31, then i'd be buying on that (or adding to UGAZ). Maybe sees 11-12 again, but eventually 17-20+... We'll see 17+ in a few weeks, with 20+ possible in 4th quarter.
      I also think DUST in mid 20's is a good spot to start buying.
      All these are for short term daily chart swing trades on multi-week trend basis only for reversion back to higher averages (not saying any of this for long term investing).
      **FYI--- I called DWTI in 20's back in August.... And now is 34-35+. I also called DUST/NUGT (& BRD/SVM)the last few months correctly also for short term trades.

    • derekmiller2001 Oct 28, 2013 11:58 AM Flag

      I am continuing to add to my position at $15 or below. Just picked up 1k shares at 14.96. I think this is a rare opportunity to buy at this time in the year. Nat gas is trending about a month behind last years chart, ugaz will be at 20 in early november. I don't think you are going to see the same prices as last year but ugaz will hit 20 in the next few weeks.

    • Seriously? Really? You come to a message board asking what to do? Mike, I am not going to tell you what to do with you money but if you have a cute girlfriend, I can help you out.

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