Replies to post #18219 on Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[researcher59]

NG will almost definitely drop back below $3/mcf by spring or summer .... but that's being priced in by the long term futures so it will be of NO benefit to DGAZ.

The May futures are currently at $2.73/mcf versus the January futures at $4.75/mcf. Huge backwardization.

[cjstocksup]

Finally a investor who get's it!

It was so surreal when DGAZ traded below the spot price of natty. Who ever would have thought? When I saw that immense green bar I figured some funds were caught in a horrible spot and forced to unwind positions. Started adding DGAZ on dip below $3, took some off at $4.25, added more below $3.50.

Now I'm just gonna keep adding on dips until I get ~35% NPV in. That'll be by far the most I've put into one position in a long time.

GL y'all. Dream of a play. Natty has to return to $3, sooner or later. Most likely before spring. When it does, this will be > $12.