A Giant Bet Against Natural Gas Is Blowing Up

AKUMATOTENSHI · Nov 14, 2019

Look up Amaranth:

https://en.m.wikipedia.org/wiki/Amaranth_Advisors

maxinger · Nov 25, 2019

This winter must be very warm.

price has dropped from 2.9 in 5 Nov 19 to 2.5.

maxinger · Dec 8, 2019

and down it goes to 2.2

what warm winter.

Overnight · Dec 8, 2019

maxinger said:
and down it goes to 2.2

what warm winter.

This is the dip to buy. This is not going to be a mild winter.

maxinger · Jun 25, 2020

Natural gas has broke the world record.
it is getting cheaper and cheaper. now at 1.45

it is sort of like an unwanted product.

Sig · Jun 25, 2020

Overnight said:
This is the dip to buy. This is not going to be a mild winter.

I feel like this prediction didn't age well?

Overnight · Jun 25, 2020

Sig said:
I feel like this prediction didn't age well?

I have not been following NG through the winter, but based on the weather here since that post, and the price from then until now on what was just posted, I cannot see how NG ever went above 2.2. I totally failed on it.

I get to fail horn myself!

Overnight=

Sig · Jun 25, 2020

Overnight said:
I have not been following NG through the winter, but based on the weather here since that post, and the price from then until now on what was just posted, I cannot see how NG ever went above 2.2. I totally failed on it.

I get to fail horn myself!

Overnight=

Only way we learn right? I'll admit I've got some underwater QQQ Dec puts at the moment, although I still might get vindication on that.

Overnight · Jun 25, 2020

Sig said:
Only way we learn right? I'll admit I've got some underwater QQQ Dec puts at the moment, although I still might get vindication on that.

Grrrr...If that means you expect the markets to fall, I hope you fail too! I need them to go up and up before September!

(If you do fail on the puts, I will not horn you though. :-)

)

Sig · Jun 25, 2020

Overnight said:
Grrrr...If that means you expect the markets to fall, I hope you fail too! I need them to go up and up before September!

(If you do fail on the puts, I will not horn you though. )

I look at them like betting on Trump to win in Nov. The odds make it profitable enough that it's somewhat of a consolation if it happens, but most definitely NOT what I want to happen.