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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (2452)	4/14/2010 12:59:53 PM
From: sandiegobear	Read Replies (2) \| Respond to of 222267

The problem with UNG is that they roll over every month and the contango has been so strong lately that it has destroyed almost half their holdings per share over the past year. In other words even if NG went back to where UNG was trading at 60, UNG itself would only be trading at 30. Stay away from UNG, it is guaranteed to do worse than the fute. If the NG contract is too expensive, there is a mini (QG) that only has about a $10K notional value.