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Jack Haddad
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  • Natural gas is begining to show signs of a bottom. 2 comments
    May 31, 2009 11:15 PM

    Natural gas has come back to life this month, although it is still trading at a far cry below its high from last summer. Current expectations that have been priced in to natural gas might be overly pessimistic. For investors with a long-term perspective, UNG or companies with natural gas exposure might be worth a closer look.

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    Though fundamentals are terrible, wouldnt be surprised that you are totally on the money here. Nat gas broke the downward channel in early May and looks like it came back to test the channel in late May. Now, if it doesn't break lower and continues higher...it could very well run up - just like everything else has.

    So far, Nat gas has lagged everyother economic indicator...not it may be its turn.

    But, the fundamentals are terrible....and I dont think I can get long here unless I buy 100% put protection - which is expensive
    1 Jun 2009, 08:47 AM Reply Like
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    Writing calls against your underlying shares not only infuses capital into your account, but also spares you from time decay. In other words, time decay is your side. It's a great form of a hedge.


    On Jun 01 08:47 AM Macro_Man wrote:

    > Though fundamentals are terrible, wouldnt be surprised that you are
    > totally on the money here. Nat gas broke the downward channel in
    > early May and looks like it came back to test the channel in late
    > May. Now, if it doesn't break lower and continues higher...it could
    > very well run up - just like everything else has.
    >
    > So far, Nat gas has lagged everyother economic indicator...not it
    > may be its turn.
    >
    > But, the fundamentals are terrible....and I dont think I can get
    > long here unless I buy 100% put protection - which is expensive
    1 Jun 2009, 09:50 AM Reply Like
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