Replies to post #1217 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[Rock_nj]

Halloween is at that end of October. The weeks before Halloween were a great time to buy UGAZ, if a trader sold it on the November spikes. Anyone who held until now is not too happy, but that's because they held.

It all depends on how cold it gets and for how long this winter for this UGAZ trade. Always has and always will. This current drop could be creating another trading opp, as winter hasn't even started or it could turn out to be a bust, if winter is a no-show. Everyone has to make their own trading decisions.

[Rock_nj]

What is your point? Nat gas and UGAZ did rally ahead of and during the November arctic outbreak. UGAZ made a 80% move higher in a matter of weeks from about $10 to $18. A great trading opp for those that traded it. The one thing I have learned is that nat gas tends to trade in anticipation of weather. Just last week nat gas had a huge draw report for November that beat consensus estimates, yet it sold off, because traders were looking towards warmer weather that started showing up on weather forecasts for December. That's how nat gas futures tend to trade.