Wednesday, August 13, 2008
UNG - Another kick at the Natty can
I stopped out of this NatGas Fund last week for a small loss on a trade. I am giving it another try (@ 38.25) in another account and with a different philosophy. I will allow for a bit more downside with the idea of buying some cheap insurance on another cold New England winter and the speculative games that are sure to erupt in the energy complex whether sooner or later. Aside from a couple wood stoves (not used as frequently as they should be) we heat with oil after all.