Replies to post #21390 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[bankin9]

Timely reality check researcher59. Thanks

[Pandemonium75]

Indeed it does, and it might pop over $70-80 next winter, it's a sure thing the decay will happen, but the high of next winter will surely be more than $50...what happens to this in 2-3 years, move on to something else and this goes away? Or will the play be in the $15-30 ranges?

[surfcat]

Ha! I can not believe I rode that roller coaster up with UGAZ and down with with QG, g

why did I choose this commodity? I started shorting mini QM in 2008 high and watched NATGAZ tank just as hard, so that is why I choose NatGas thinking it would bounce and since UGAZ was like a CALL option without expiration and TIME decay, I choose UGAZ as a vehicle, boy was that a mistake.....long futures short UGAZ is was the way to go.

but still made few grand doing the opposite

[nssrr5]

We all understand that but this is still going much higher. I have 4000 shares at 36.19 and I am going to sell them hopefully close to 100. Time will tell. 52 week high considering split is 260.23. It will most likely get to half of that at a minimum. Good Luck!

[Poor Trader]

Yes it does have a huge fee assessed daily that makes it impossible to hold long term. shorting dgaz at 6% upfront fee might be better than going long ugaz.

[DeafTrader2]

Read this one that researcher59 was posting last April. He was really mad.

[ybnormal]

Yep...short term trading vehicle only