UNG - another innovative investment ripoff

[vinoveri]

You know, I'm beginning to think this whole "stock" market game is rigged and is for suckers.

NG futures are up 12% and UNG is up <2%


NEW YORK, Sept 14 (Reuters) - United States Natural Gas Fund LP (UNG.P), an exchange traded fund in the natural gas market, said late Friday it would resume issuing new shares late this month.
In a filing, UNG said it would resume offerings of creation baskets, what it calls blocks of 100,000 units, on Sept. 28.
In the filing, UNG warned that its units were trading at a premium to its net asset value (NAV).
"UNG's management cannot predict what impact, if any, the resumption of creation activity will have on the price of the UNG units on NYSE Arca," the filing said.
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http://www.reuters.com/article/marke...0090914?rpc=44

[ricket]

Re: UNG - another innovative investment ripoff

You know, I'm beginning to think this whole "stock" market game is rigged and is for suckers.

And what do you think that would make you?

[MulaMan]

Re: UNG - another innovative investment ripoff

You know, I'm beginning to think this whole "stock" market game is rigged and is for suckers.

Are you anti-American or something?

Next you'll be telling me that America is not actually a free market economy and has not been for many years but is a series of pyramid schemes each headed up by an oligarch protected by your representatives in congress: bankers association, lawyers association, medical association, military, ...

[vinoveri]

Re: UNG - another innovative investment ripoff

And what do you think that would make you?

I would have thought it obvious from my post ..., but am happy it brought you some pleasure by expressing it rhetorically