Issue #96
| Recommendation: For each $25,000 you are trading … Buy 100 shares of VelocityShares 3x Long Natural Gas ETN, symbol UGAZ, at the market and place a protective sell stop at $20.78, stop, good till cancelled. |
Dear Member,
Wild action in natural gas continues, and stopped you out of the long UGAZ position last week.
Nevertheless, my models continue to show the potential for natural gas to explode higher, from its current level of roughly $4.80 to over $6.50 in the weeks ahead. If so, the profit potential in UGAZ is staggering.
I recommend getting back in UGAZ, at the market, but with a wider stop. Given the recent volatility, you will have to take on a bit more risk to capture the profit potential.
Hold all other positions …
Stay tuned!
Best,
Larry
