• Dr. Kris
    Nat gas conundrum continues: Anyone know why $GAZ is up 25% today while $UNG is DOWN 2.6%?
    2/21/12
    Reply (8)
    • johnybutts: Not knowing anything about the two funds, maybe they are invested in different geographies - NG has a (relatively) local pricing structure.
      2/21/12
    • 458402: because GAZ is currently being manipulated. It is a $72 million ETN and it looks to have been cornered by a couple of traders.
      2/21/12
    • 458402: not sure how to find out ownership % in the fund...been looking for an hour. Bought puts a few minutes ago being that I don't
      2/21/12
    • 458402: think this manipulation can last but you never know. Chart GAZ and overlay it with GAZ.IV (it's NAV equivalent)....it is quite ridiculous
      2/21/12
    • Ocean Man: I posted the same thing earlier. Very strange. Tried to short it, no shares avail.
      2/21/12
    • Dr. Kris: 458402: The stock action does smell of some sort of manipulation. The website claims a market cap of $49M--small enough to be manipulated.
      2/21/12
    • 458402: 25% of all issued stock was traded today....compare that to a typical BAC day where 3% of all outstanding is traded daily
      2/21/12
    • Dr. Kris: The floats can't even be compared.
      2/22/12