HNU and GAS

This blog was filed less than a month ago under “Natgas ”. The recommendation was to buy HNU then at $8.42 and at $8.50 Here they are today;

hnu may 18 2012gas may 18 2012

The HNU traded well through $14. and peaked at $14.22 today, so far. GAS peaked at $12.44 We are out, not because we think these ETFs cannot go higher, but because we are not sure. Take the 50% or so profit for the month and move on.

The HNU actually peaked today at 14.74 but closed lower. The trading has all the earmarks of desperation but given all the other excesses who knows what can happen.