Tuesday, April 29, 2008
Trade Alert: UNG
Finally seeing a crack in natural gas. I just tried to short UNG and E-trade said there were no shares available for shorting. Give the recent run up I am betting all those outstanding shares are held long. Riddle me this batman, when all the shares that can be sold have been sold which way is it going next? Keep trying.
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2 comments:
Umm, down?
Yea that's why we wanted to short it, but no shares were available for shorting. Now we are long DUG to short UNG and OIL/USO
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