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Web Extra: Burned by US Natural Gas Fund

On 'Fast Money', our traders are always fast, but they aren't always right.

Brian Kelly of Kanundrum Capital, for example, got burned by US Natural Gas Fund . Since having recommended the stock on July 27, it's down 10%. Kelly said he bought UNG, but has since sold it. Despite a hot summer and hurricane season coming up, he would not get back into this trade.

Watch the video for Kelly's full comments on this misstep.


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Trader disclosures for Aug. 20, 2010:

Guy Adami
Adami owns (AGU)
Adami owns (BTU)
Adami owns (NUE)
Adami owns (C)
Adami owns (GS)
Adami owns (INTC)
Adami owns (MSFT)
Adami’s wife works at Merck

Karen Finerman
Finerman owns (AAPL)
Finerman & Finerman's firm owns (BAC)
Finerman’s firm owns (KFT)
Finerman’s firm owns (HPQ)
Finerman’s firm owns (JCG)
Finerman & Finerman's firm owns (JPM)
Finerman’s firm owns (POT)
Finerman's firm is short (IJR)
Finerman's firm is short (MDY)
Finerman's firm is short (SPY)
Finerman's firm is short (IWM)
Finerman’s firm owns S&P 500 puts
Finerman’s firm owns Russell 2000 puts

Jon Najarian
***No Disclosures***

Steve Grasso
Grasso owns (ASTM)
Grasso owns (BA)
Grasso owns (BAC)
Grasso owns (C)
Grasso owns (CSCO)
Grasso owns (JPM)
Grasso owns (LPX)
Grasso owns (MO)
Grasso owns (MOT)
Grasso owns (NDAQ)
Grasso owns (PFE)
Grasso owns (PRST)

Stuart Frankel & Co and it’s partners own (BAX)
Stuart Frankel & Co and it’s partners own (COG)
Stuart Frankel & Co and it’s partners own (CUBA)
Stuart Frankel & Co and it’s partners own (DHR)
Stuart Frankel & Co and it’s partners own (DYN)
Stuart Frankel & Co and it’s partners own (GERN)
Stuart Frankel & Co and it’s partners own (HSPO)
Stuart Frankel & Co and it’s partners own (MERC)
Stuart Frankel & Co and it’s partners own (NWS.A)
Stuart Frankel & Co and it’s partners own (NYX)
Stuart Frankel & Co and it’s partners own (PDE)
Stuart Frankel & Co and it’s partners own (PFE)
Stuart Frankel & Co and it’s partners own (PRST)
Stuart Frankel & Co and it’s partners own (RDC)
Stuart Frankel & Co and it’s partners own (TBT)
Stuart Frankel & Co and it’s partners own (TLM)
Stuart Frankel & Co and it’s partners own (TRV)
Stuart Frankel & Co and it’s partners own (XRX)
Stuart Frankel & Co and it’s partners own (SDS)
Stuart Frankel & Co and it’s partners are short (QQQQ)

Patty Edwards
Patty Edwards owns (PM)
Patty Edwards owns (PM) for clients
Patty Edwards owns (INTC) for clients
Patty Edwards owns (HPQ) for clients
Patty Edwards owns (XOM) for clients
Patty Edwards owns (COP) for clients
Patty Edwards owns (CVX) for clients
Patty Edwards owns (AKAM) for clients
Patty Edwards owns (GE) for clients
Patty Edwards owns (AA) for clients
Patty Edwards owns (ALK) for clients
Patty Edwards owns (LEG) for clients

Doug Kass
***No Disclosures***

Jordan Rohan
Stifel, Nicolaus & Company, Inc. makes a market in the securities of Google Inc.
Stifel, Nicolaus & Company, Inc. or an affiliate managed or co-managed a public offering of securities for Google Inc. in the past 12 months.
Google Inc. is provided with investment banking services by Stifel, Nicolaus & Company, Inc. or was provided with investment banking services by Stifel Nicolaus or an affiliate within the past 12 months.
Google Inc. is a client of Stifel, Nicolaus & Company, Inc. or an affiliate or was a client of Stifel Nicolaus or an affiliate within the past 12 months.
Stifel, Nicolaus & Company, Inc. expects to receive or intends to seek compensation for investment banking services from Google Inc. in the next 3 months.
Stifel, Nicolaus & Company, Inc or an affiliate has received compensation for investment banking services from Google Inc. in the past 12 months

Michael Block
***No Disclosures***

Symbol
Price
 
Change
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UNG
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