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