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Good call on the overnight fund run up. The pain is here for the shorts

Kenneth Griffin is my idol. I hear Ken had a satellite feed in his dorm room and would trade in between classes. That's pretty ballsy, I keep my laptop with me in class, but I guess since Ken was doing mostly automated trading and arbitrage he didn't have to always watch the screen. He...

What a great industry. You can lose people all their money and still find gainful employment, hah. I hope he tries to vindicate himself by doing the Amaranth spread again, hehe. I wonder if John Arnold and Ken Griffin are lying in wait. I bet they're salivating. What do you think...

OK, I will set up a target right now for the spread. I am thinking March NG could go over April NG by $0.20-$0.40 if the weather holds at this level for two more weeks (Thinking NG March could go from $7.31 currently to the lower $8's which seems to historically corresponds to $0.25-$0.50...

Someone's puking. Natural gas has been diverging big time from crude the last 40 minutes. Every time I say I'm going to be more patient with my next entry and be cheaper on the move in it will undoubtedly run away from me. I just have to stick with my initial entries. Maybe I should write...

NGG7 hit your $7.050 buy target last couple ticks, bounced off $7.042. Are you still going outright in the $7.05 area? The long march/short april spread went a little sour up to $0.050, I'm sitting on it...in for the long haul. Take care, Gene

Channel trading long march/short april between 0.029 and 0.022 on some size for the half penny. Comanche, if march crude can't hold $54, think that's the end of the retracement and the start of a new downward leg?

Got into the spread at $0.036! Someone was going nuts with their market orders this morning, the spread was nearly a cent and I was the best offer!

ICE is putting some pressure on NYMEX it seems. What's your opinion of ICE? I think Interactive Brokers has to fix the latest update to their calendar spread margin rule system because each time I try to do the above calendar spread it halves my net liquidation value when calculating whether...

The bid moved up and some arb guy did indeed take out my miNY's, thanks for the tip Comanche. I think they have changed the cross margin rules for QG/NG because I have done the above strategy once before when I was long a full size contract and had taken a bit of a loss and needed to reduce...

Good point. I shouldn't be too greedy. Shorts might want to come back in in the morning. Sold @ $7.210 too :-) Comanche, are you considering the buy march/sell april spread trade now rather than @ $7.05? The bid-ask spread looks pretty large on Mar-Apr, I see a 0.005 spread on...

I agree that crude is going to be rangebound the next month between $51 and $53.50 but we're discussing natural gas

Very interesting... very interesting. I hope these buys aren't just weekend short cover panic attacks. Hopefully the shorts are having real panic attacks.

FYI it's snowing here in Princeton, 50 miles south west of NYC.

Ayy Captain Comanche, I sold some crude short last night as a hedge against further NG drops from crude weakness and that is currently what is saving my ass, but like Scotty says I don't know how much longer she can hold captain, she just cannayt take much more of this. The DOE and IEA...

What's the expression... the hardest thing to do when you're in a hole is to stop digging. Forecasts still looking very good... crude is back above $51, let's roll! Gene

Goddamnit, I covered my crude short on Monday for a $0.40 profit to go long on natural gas. Anyhow, is it crude's precipitous drop today that is capping NG gains to near nil today Comanche? Any updates to that prediction?

Good call Comanche

I thought it was a little strange how well natty was holding up. Yesterday I was totally burned by February natural gas. :-( Where do you see February crude going?

Natty has held up nicely under the crude unwinding.