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Web Extra: Burned by Nat Gas

A long position in the Nat Gas ETF looked like a hot trade but all it did was burn Stephen Weiss. So what does he have to say about the play, now?

Weiss made the fateful call on March 22nd as a bet the Japan quake had called the safety of nuclear energy into question and that nat gas would benefit from a swift shift in sentiment.

”We have no energy policy here that's new,” he said at the time. “It had depended on nuclear but I think that's out the window for now. I think nat gas has the biggest move going forward.”

Nat gas had a move all right but the move was lower. Since he suggested a long position shares of UNG have slipped about 5%.

So, what does he have to say about the nat gas trade, now?

Find out in this web extra. Watch the video now!


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Trader disclosure: On April 11, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Adami owns (AGU); Adami owns (C); Adami owns (GS); Adami owns (INTC); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU); Weiss is short (X); Weiss is short (RTH); Weiss is short (IWM); Weiss owns (VZ); Weiss owns (QCOM); Weiss owns (DVN); Weiss owns (COP); Weiss owns (BTU); Weiss owns (JPM); Weiss owns (MSFT); Terranova owns (JPM); Terranova owns (C); Terranova owns (VRTS); Terranova owns (UPL); Terranova owns (TCK); Terranova owns (BAX); Terranova owns (XOM); Terranova owns (AKAM); Karabell owns (AAPL); Karabell owns (BHP); Karabell owns (BIDU); Karabell is long (GOOG); Karabell owns (GS); Karabell owns (MRVL); Karabell Owns (SINA); Seymour owns (AA); Seymour owns (AAPL); Seymour owns (F); Seymour owns (INTC)

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Comcast Is The Parent Company Of NBCUniversal
GE Owns 49% Of NBCUniversal
GE Owns 49% Of CNBC

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