Disclosure: I own UNG calls.
Saturday, August 29, 2009
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Welcome to Stock Geometry! This casual music and financial blog typically involves posts of music videos and candlestick stock charts looking at intermediate term trends. Think MTV meets CNBC. My positions fluctuate, but I’ll always disclose positions in posted stocks. You are responsible for your investments! – Dr. pythagoruz
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2009
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August
(19)
- Saturday Rock Blog: Like a Rolling Stone
- Our Hero
- Commodity index GSG cup n handle failed breakout
- Is it time to buy UNG yet? (I think so)
- The Bear Market is Over
- Saturday Rock Blogging: Funky Nassau
- ENDANGERED SPECIES: The Bear (eg TYH)
- A tiny hint of a notion that there might be some w...
- The recent rotation out of smalls caps and in to f...
- Saturday Rock Blog: A Little Help From My Friends
- Rally Monkey Gets Fired
- Bankers: "The recession is over"
- Saturday Rock Blog: Sweet Jane (it's a bull trap!)
- A Chart a Day #19: DTG Parabola
- A Chart a Day #18: Auto Zone Clunked
- WTF: Bankruptcy Filings Soar With Stocks
- Keeping It Simple, Honoring My Stops
- 08/03/09 DX, NG, GC
- Saturday Rock Blogging: You Can't Touch This
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August
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3 comments:
I heard on the radio something about the only natural gas ETF basically is turning into a closed end fund because they will not be creating any more shares, due to the commodity bigwigs grumbling about speculation. And I believe this caused a premium for the ETF.
That is 100% correct. Since the fund managers closed the fund, any shares to be purchased have to come from the outstanding supply of stock. If the fund had remained "open", then the managers would have issued shares to bring down the UNG price to net asset value or "NAV."
More like a rolling pos.
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