| Recommendations:
1. Cancel and replace your order to sell 100 (or half) your shares in UGAZ at $36.00 or better, to close. NEW PRICE: Sell 100 (or half) your shares at the market to close. 2. Make sure you have entered a protective order to sell 100 (or your remaining) shares at $31.24 stop, good till canceled. |
Dear Member,
As I noted this morning, a pause was likely in natural gas’s rally, and that’s exactly what we are seeing as nat gas suddenly reversed to the downside this morning after reaching a 6-year high.
A pause, however, in natural gas can mean a sharp sudden selloff that lasts up to three days. Hence, why I want you to take profits on half your position.
We were unable to sell half the shares in UGAZ this morning at $36. Per the above, I now recommend selling them at the market. Make sure you have placed your protective sell stop for your remaining shares at $31.24.
Stay tuned …
Larry
