Friday, 22 May 2009

Buying agressively UNG


Buying again UNG tomorrow, today I was busy and I didn't at end of day, after a -9% today is a bargain day. I will double the exposition in UNG and I will arrive to a 7% stake in the portfolio that is 2,75% up in a month or so. I think it can touch even again the lows at 12.50 area, but however the area 14/13 need to be bought because this time a new low in area 12 will be a bear trap and we can see again a rally of 20% at least from that levels.

I see that now I've just 1 subscribed instead of 4, may be people bored to receive few calls, but what to do in an expensive market like this? I'm waiting for a bit retreacement and markets are topping since a month or so. We will buy to lower prices, and today another set up bearish with confirmation of bearish divergences on technical indicators. The premises there are all, it's just a question of time.

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