losing your ars.......

    WATCHLIST

    Posted by bbaz1 on 14th of Dec 2009 at 03:44 pm

    Mr/Ms Kutschera,

    I'm likely too late in posting this to you, however .......

    be very careful - certainly use stops - in trading UNG.

    It has been on the watchlist here over the past year and it can kill you if you're not a trader. My wife may be in for the next several years just to recoup her losses.......

    Anyway, there is never a need to be in a hurry to lose money........

    The move in UNG this AM was likely precipitated by XOMs announced purchase of XTO. XTO and several other nat gas stocks jumped huge right out of the gates ..... far more than UNG.

    I'd encourage you to watch XOM as the reaction to its big purchase (they have the money in cash if they wanted to pay in cash, but instead they're paying is stock and thus dilluting their shares, I'd guess) is likely overdone.......

    Finally, pay attention to matt's ideas regarding trading energy stocks in general,...... as indeed, you have arrived at a great website to learn a lot.

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