Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (88800)	7/15/2009 11:21:30 AM
From: Real Man	Read Replies (2) \| Respond to 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>