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DannyUpshaw > Trade Notes

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5 Day 0.00%
15 Day -0.32%
1 Month 38.79%
3 Month -34.71%
6 Month -35.70%
As of: 12/02/08

Member since: May 07

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DannyUpshaw: Trade Notes

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Bought 100 shares of UNG at 40.63

posted 08/04/08 05:05 PM (Note posted about 2 hours after the trade) | Viewed 106 times
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Users Bought (30 Days) 4 (100%)
Users Sold (30 Days) 0 (0%)
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Transaction: Bought
Symbol: UNG
Quantity: 100 shares
Price: $40.63
Value: $4,063.00
Stop Order: No @ $N/A
Target Price: $0.00

 

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1 user tagged it: UNG, stock, buy
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ALPHAJC

Member since: Jan 08
5 Day -21.95%
15 Day -23.63%
1 Month -53.22%
3 Month -63.70%
6 Month -82.79%
As of: 12/02/08
Trades 802
Trade Notes 0
Blog Posts 25
ALPHAJC
Posted August 04, 2008 (10:42PM)

UNG has been oversold for a very long time, breaching every support level it had.

If we end up with another crisis like we had during the Amaranth Advisors implosion and have no hurricanes at all...it could be a continued downward March for natural gas.  However there are some politicians who are listening to Chesapeake Energy and thinking that it may turn out to be a good alternative to running all our cars on gasoline.  

At $40, you've bought it at a good price...be prepared to average down or stop yourself out if you can't do that though.

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