Wednesday, June 3, 2009

Trade: Added Gafisa and Natural Gas

Quick update: Bought Gafisa (GFA) on the dip to $16.08 just around the 200EMA. See post on seekingalpha.com for more detials. Added to Growth Fund.

Bought United States Natural Gas (UNG) just above $14 on the 10% pullback today. The disconnect between oil and natural gas is very high. If the economy is in fact going to recover, then UNG is the better play at these levels. Huge cutback in drilling combined with more industrial use could squeeze the prices higher. Added to both ther Growth and Hedged Growth Funds.

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