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Pastimes : The Philosophical Porch
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From: Rarebird4/15/2009 9:42:45 AM
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Long UNG: Starter position. $14.70

Make no mistake about it: there is risk that UNG may hit new lows. However, UNG is dirt cheap here, historically speaking; it is selling at a tremendous discount to crude oil and the natural gas stocks have rallied recently. In relation to other commodities, Natural gas typically is one of the last to bottom and one of the last to top out.

I expect UNG to double by early next winter. I have a price target of $30.
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