RE: HNU is coming downThe question is how far will it drop today.
For the benefit of Likslt (if you are reading this post), I have made $ on both HND and HNU this year. I am not married to either one. NG is one of the most volatile commodoties so I trade HND and HNU based on where I think things will go. I also have held HOU, HOD, HFD, HFU, for the exact same reason, I want to make $ regardless of which way the market is going.
I use this BB to test out my assumptions on which way NG will go. For example today it appears as if $4.80 is/was the top side resistance, so I took a position in HND around that level and have since sold it now that it has dropped.
I really don't care whether a person is a bear or bull, what I am interested in is whether there is any logic behind their position. Being a die hard bull or bear in any market is not logical. Nothing goes straight up or down.
So by all means, post your opinions on where NG is going and why, but please stop with the "day traders will be eliminated" etc schtick. It is getting a little old and tired.