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IBDvalueinvestin (98.92)

Complete Panic Selling on UNG at this Hour.

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August 20, 2009 – Comments (5) | RELATED TICKERS: UNG

Going thru the charts and checking how much UNG has fallen in the past intraday. I can say today we have complete Panic sellers at the Decade low prices for natural gas.

http://finance.yahoo.com/q/hp?s=UNG

5 Comments – Post Your Own

#1) On August 20, 2009 at 3:15 PM, IBDvalueinvestin (98.92) wrote:

Natural gas is down -0.18 to $2.94 breaking below $3 for first time in 7 years.

 

http://www.bloomberg.com/energy/

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#2) On August 20, 2009 at 3:50 PM, IBDvalueinvestin (98.92) wrote:

Natural gas will be back over $5 by Dec. 2010 thats nearly a double from current price. UNG is a basement bargain at current price.

 

 http://quotes.ino.com/exchanges/?r=NYMEX_NG

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#3) On August 20, 2009 at 3:55 PM, awallejr (60.99) wrote:

Overproduction and lack of available storage places apparently.

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#4) On August 20, 2009 at 4:13 PM, CoastalTrader (96.58) wrote:

UNG is a dog but I agree with you IBD.  Look for a bounce after Aug. 27 (when Nymex rolls -- UNG has already rolled).  A sell opportunity in both Calls and the underlying asset will present itself

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#5) On August 20, 2009 at 4:16 PM, herztical (27.67) wrote:

I blogged about this last night (before the pain)

 

http://msncaps.fool.com/Blogs/ViewPost.aspx?bpid=245824&t=02009005112621729295#commentsForm

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