The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Crimson Ghost who wrote (102748)	5/1/2009 2:33:44 PM
From: Rarebird	Read Replies (3) of 110194

From yesterday's 52 week low, UNG has now fallen slightly over 80% from its high. Although there is still no confirmation of a bottom in sight, what was most impressive about yesterday's reversal and the rally (thus far) today is that it has taken place on some horrendous news: the most recent Natural Gas Report was +82BCF. That's unbelievable. Industrial demand is way down. Production is up sharply. This is exactly the kind of news I want to hear when I am buying. KOL, which fell over 84% from its high, has now doubled in value from its 52 week low. The same fate awaits UNG. Those who were too fearful to buy UNG when prices are cheap will gather huge amounts of confidence to jump in and buy after it rallies 50% or even doubles from current levels.

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