GREY:CCZFF - Post by User
Comment by
Techsavyon Jun 11, 2010 11:35am
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Post# 17180729
RE: RE: A couple of week hands left in lower 60's
RE: RE: A couple of week hands left in lower 60'sHi Green, yes perhaps we will see low 50's, I don't believe we will. There are some that have sold and a few are still trying to quietly fade out the rest of their positions. I am holding all of my position, as you know, CCZ with its small float, insider holdings, a P/E of 8.4 will explode out of this channel on any contract/positive news. It will be tough to get a good entry with size.
I don't see CCZ outperforming the Markets (should it collapse) I do believe that CCZ will outperform the Market when it stabilizes and eventually continues it's bullish up trend.
FWIW, US Natural Gas ETF as of today, is up 19% from May 25th 2010