Can Start Buying Natty Now

[Landis82]

Patterson Energy (PTEN) earnings out tomorrow before the opening.
(North American nat-gas land driller)

 

[Sequoia]

NG is getting on my nerves LOL
Everytime it reaches my average price, schplaf... collapse back to 6...

 

[bunkinc]

Quote from Sequoia:

NG is getting on my nerves LOL
Everytime it reaches my average price, schplaf... collapse back to 6...

Indeed, NG is a frustrating wench. I am still inclined to be long, and my horrible trading yesterday added .20 to my avg price... now long from ~6.05 and nervous. So easy to take a winning trade to a loser in this game. Though I will be thoroughly suprised to see it trade into a lower range from here. Risk should be to the upside IMO. Still have heat, but looks like tropical has died down, for now.

 

[bunkinc]

Quote from bunkinc:

...Still have heat...

Pardon, there is no more heat.

 

[Landis82]

Dr. Gray's updated hurricane season report is out today from Colorado State University . . . a slight downgrade from his earlier forecast:

http://typhoon.atmos.colostate.edu/

 

[youngtrader]

Looks to be a buying opportunity in oct natty tomorrow if we can drift back to around the 7.00 mark with a small stop.

 

[runningman]

Without the "Hurricane Premium" where do you think NG would be? 5.50? 6?

 

[Surdo]

Quote from youngtrader:

Looks to be a buying opportunity in oct natty tomorrow if we can drift back to around the 7.00 mark with a small stop.

You can as much NGV07 as you want right now @6.677!

It's down .446.


e s

 

[mde2004]

Just grabbed 15 contracts for the ride up. Only cost me: 6.4901 * 15= $97.35

 

[polpolik]

Quote from mde2004:

Just grabbed 15 contracts for the ride up. Only cost me: 6.4901 * 15= $97.35

What do you mean it cost you $97.35? the commissions? I hope you didn't mean the actual "controlled" value.

QG has a multiplier of 2500 while NG has a multiplier of 10,000.