RE: Hey Guys/Girls ....This board has turned into a gong show - new posters appear all the time with no idea of how this ETF even works. Been watching it since 2008... most people have lost their shirts.. .how do I know? Because people were posting everytime they bought more HNU shares since it was at $17.00+, then averaging down at $15, then $11, feeling that it can't get any lower.... then they disappear from here. Sadly, NG is an insider's market. Sure, we can all get lucky and make money on this, as I have in the past, but tell what happens if HNU gets down to $3.00 - will you load the boat? Or will you take the hit and never look back? Unfortunately, fundamentals seem to have little influence during the times we are relying on it.
Last year, October to the beginning of December, HNU went from $17.00 to below $8.00, during the time where everyone posting felt it was "the season" for NG to run. Sure you can argue it was the unexpected weather... anything can happen and that is the point. Then from $8.00, it ran back up and everyone on the board was saying "ohhhh, here we go! NG to the moon" - only to see a new low. Please be careful with this board, and don't let ANYONE's opinion influence your buy/sell decision. You know just as much as they do, and vice versa...
Personally I do feel NG is near a bottom and could turn at any time, but I'm hesitant since NG is not rising with the Oil up days... I will wait for a trend confirmation before buying, knowing that I'll miss the first 10% of a run-up...