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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: microhoogle! who wrote (87928)	7/23/2007 1:57:37 PM
From: chowder	Respond to of 206178

Re: UNG ... UNG is in a down trend. If I'm looking to go long, my style of trading calls for it to establish some upside price momentum before entering. Or, at least some buying interest. We have neither at this time. Since I don't try to guess bottoms, UNG is an avoid at this time, based on my style of play.

To: microhoogle! who wrote (87928)	7/23/2007 2:54:20 PM
From: upanddown	Respond to of 206178

From fund management The investment objective of UNG is for the changes in percentage terms of the units’ net asset value to reflect the changes in percentage terms of the price of natural gas delivered at the Henry Hub, Louisiana, as measured by the changes in the price of the futures contract on natural gas traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less UNG's expenses. The near month contract down 6.5% today.