Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 61.55

-3.4%

Jan 23 4:00 PM EST

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To: GROUND ZERO™ who wrote (52931)	4/16/2010 12:48:20 AM
From: Mario :-)	1 Recommendation Read Replies (2) of 208037

<< I bought some UNG this morning at 7.45, I think I can just hold it... if it drops much more then I'll just add... this market isn't going to zero... >> Not so sure about zero :-) NG is probably great buy here long term, but these NG etf's are (looks like) sucker bet? I bought some UNG today at 7.16 - but I will be out if it goes bellow 7. Look at this chart. NG is higher some 60-70% (guessing) from lows, but all these etfs are making new low. If you watch closely moves of NG and UNG, you can find many times when NG was up, but UNG was flat/down. I believe, they can go to zero pretty easy.... Edit... just read you are already out. My post was in regard of your possible adding to UNG position if it goes down...

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