Replies to post #2294 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[Jld3294]

UGAZ is a trade stock with a lot of decay and you shouldn't hold it for more then a month or two max. If your long term bull on Nat gas play UNG

[MJ moneymaker]

Holding any 3x etf long term not a good idea. The decay will kill your return. I would not hold Long term.

The fat lady hasn't sung yet IMO. It doesn't look like it's going back to 10 any time soon but you could possibly come close to getting even if we have some extended cold weather and production drops a little. Next weeks draw report could be a good catalyst of more brutal cold comes after.

It's all up in the air. Just remember it could go higher but also could go lower yet. I know It's hard to decide when to throw in the towel. I lost all my profits from November in December on UGAZ. Hard lesson.