Replies to post #16937 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[Swampdude]

And a top of the afternoon to you WZ9,

You must have a touch of Irish in ya. One of my great great grandfathers was traced back to Northern Ireland back in 1802 and it's one of the spots on my bucket list to visit.

Thank you so much for you detailed reply and the NG chart link.
As always your comments are so appreciated to most of the board and especially us old/new folks/me.

I realize that these ETNs are buy and hold only long enough to realize a good potential gain and get out, cause you can always get back into another one on a dip and do it again.

GDX currently closed at 22.67 and another on the GDX board seems to think it might make it up to 31.00. I assume you are saying your selling GDX around 27 to buy U under 17 by April fools day or so. Do you follow the GDX or JDST boards. There are some good guys on there as well.

When is contract expiry?

TIA,

I hope you are having a great weekend,

SD

[tmorr55]

Hey wz...you'll get well below 17 tomorrow. I'm gonna hold out for 15s or lower. I'm surprised at this gap down in NG, actually...with the bullish draw expected this week, but hey...what would Sunday night be without a surprise from natty gas, right? Let's see what kind of bounce they get out of NG this week, but too early to jump in, imho. D is still the play, but wouldn't chase it right now either.