Replies to post #15032 on Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[wz9ytp]

Say ng is 3 now. 3.40 is the target... 13.3333% from here. Forget about contango to keep yhis simple.... 13.3333 time 3 (UGAZ is triple leveraged), gives 40%. So.... 40% of 12.30 is 17.50... give or take a gew pennies....