Replies to post #22203 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[dude iligence]

Doubledown75 it will be good learning experience for all NG traders to see how the Contango effects the price of your UGAZ shares this week. I will say that in 2015 the chart gapped down hard particularly hard one Sunday/Monday then gapped down the next day then the next for a few days UGAZ lost about 40% from Friday close thru Tues. Chart looked like a bunch of red islands stranding UGAZ holders. No one ever saw the .67 2016 bottom for UGAZ nor would have they believed it in Oct 2015.

$10k invested in UGAZ $12.7 =787 shares UGAZ

Nov NG $2.24
Dec NG $2.44

.20ish Contango

[DBS]

GL too you DD! Sold me other position for a small gain this morning.