Replies to post #650 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[dude iligence]

rock nj DGAZ totally de railed last winter at the peak of NG. DGAZ did not perform. The bs excuse was it was tracking NG a couple months out. yeah yeah sure sure DGAZ has never recovered. It is a diluted POS IMO. I's say they will rs it this winter cause of it. Just think if NG goes to $5-$6 what the price of DGAZ will be from here $1 maybe. It happens to all the 3x etf's, just look at a long term chart on them very volitile when they first start trading with out huge volume them when they get massive volume increases the charts flatline. It's happening with UGAZ. less and less responsive to any move in NG

[MJ moneymaker]

That is my plan. I played a swing from 10.28 average to 11.78 exit and am waiting to get back in until the price of the UGAZ is actually the same or less than 3x the actual NG price like it was earlier when NG was 3.58ish and UGAZ low 10.

I think 11.5 or less is a good re entry while gas is mid 3.8's. I will wait patiently.