RE: RE: RE: RE: Redsterthere is now a little bit too much of a disconnect between the price of HNU and NG. I have seen a large gap over the last few days where HNU is down significantly more than the drop in NG. As I write this HNU is down 3.74% and NG is down only 1.15% so at a proper double it is only 2.30 that we should be down. This means there is about 1.5% more downward pressure on HNU. The market always corrects these imbalances and I think there are a lot of HND that will get caught with their pants down here.
Funny thing, I was at the drs office the other day and the receptionist kept talking about investing and the fact that she was holding HND's and that if they hit $6 she would sell, I said it would be highly unlikly that they would given the recent trading range for NG. So she says to me ya, but you never know the company could report really good earnings! She actually thought she was holding a company and did not even know what an etf is. I think way too many people here are investing in things that they know zero about. The NG market is large but it is not huge and the swings are crazy. This week hnu are singing the blues next week it will probably be the HND, this trade is more about getting into the groove, and NG will probably be trading in the same range next month as well low to high $5 range, so it is a little too early for HND to claom victory, after all in and ETF a victory is but a minute long.