Smoking Securities

Half Baked High Finance

Twitter Ticker ($UNG)

with one comment

UNG090528Today’s StockTwits chatter was dominated by the big move in natural gas. Down nearly 80% after falling for nine CONSECUTIVE months, UNG is beginning to show real signs of life. While it is too early to say the bear market is over in this sector, a new row of X’s and a monthly close higher would go a long way to improving the long term investment opportunity in this space. A target of 25 seems inconceivable, but stranger things have happened.

Advertisements

Written by chucklesamadeus

May 28, 2009 at 5:27 pm

Posted in Finance, Twitter Ticker, UNG

Tagged with , ,

One Response

Subscribe to comments with RSS.

  1. UNG to 17.5 in 2 months , or sooner

    sma20/50 crossover on daily; first time since July 2008

    TrackingCR

    May 28, 2009 at 9:13 pm


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: