Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (88800)	7/15/2009 11:21:30 AM
From: Real Man	Read Replies (2) of 94695

UNG is in a bearish trend now, but the market is significantly overshorted, which means big upside gas farts are possible. Right now there are a lot of expiring put options on UNG (that are in the money), and UNG in turn dominates gas futures trading. So? I do think there is a chance of an upside crash either later this week or next week. It's an opportunity short term. Longer term I think gas will trade much higher later this year - perhaps, as much as 60% higher. In fact, that market could do it in a month. Correct the imbalance. <G>

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