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Your Questions About Nat Gas and Best Buy
11 Apr 2012 EDT - CNBC.com
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The Fast Money traders always enjoy hearing from you. Following are your questions about nat gas and Best Buy. Find out what they had to say:@HPCOUNTRYQ: Has UNG bottomed out?A: “Nat gas has been a falling knife,” replies technical trader Abigail Doolittle. “Don’t try to catch it. Until you see the UNG go above the 50-day, you’re playing with fire. I wouldn’t go near it.”“I'd watch for production shut ins,” adds trader Josh Brown. In other words, supply must come out of the market. “That alone will determine the bottom.”@NovemberfestQ: Any serious takeovers ideas for $BBY? If not, how soon before they file?A: There are no indications that Best Buy will file for anything,” replies trader Jon Najarian. "However if you’re looking for a trade, watch the 52-week low around $21.21. If it holds– then I’d take a look, but again as a trade.”

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