Replies to post #16896 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[surehands]

Welcome Tim, Im buying $UGAZ around 15.95 hoping it goes lower tomorrow to around 15 to 15.50. Im buying a significant amount. I will not sell these shares until sometime in early or late June for minimum 100% appreciation.

If once I enter a position it goes down to 13.50 or lower I wont panic and sell. I fully expect UGAZ to go to anywhere from 36 to 46 maybe more in June/July.


Hope this helps...


There's a bunch of stickies on the DGAZ and UGAZ board that will educate you a bit regarding trading NG