Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[cjstocksup]

This is what has frustrated the he## out of me also. DGAZ got way oversold with trading by traders and not professionals! It has happened many times over the years in the TVIX also!

How about this price move ??? Any thoughts ?

NG peaked last Wednesday at $4.92/mcf and DGAZ hit a low of $2.81 at the same time.

Now just 3 trading days later NG is $4.58, DOWN 7% from the peak last week .... hence the simplistic view is that DGAZ should be UP 21%.

Is DGAZ up 21% from $2.81 at this point ? It would then be at $3.40. Instead its now at $2.68, DOWN 5%.

The under-performance is horrible ! Instead of being up 21% DGAZ is down 5% due to decay and daily resets.