Wednesday, July 1, 2009

Picking Away... (At More UNG)

I bought some more natural gas (UNG) today at 13.60. I'm just continuing to pick away at some small orders while the prices are at these levels. UNG hasn't really been following any pattern. It is strictly correlated to natural gas prices (futures), so the only discussion here really is about natural gas itself. Supply and demand. Lots of supply out there right now. It may take quite some time for the balance to level back off or change, but I feel it will happen eventually.

There is some decent commentary on UNG at the Yahoo Message boards, but you have to sift through a lot of junk posts.

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