Coming in outta the KOLD ... crushing natural gas

Nine_Ender said:
Long the producers has been a far better trade. Earnings season starts now I suspect plenty of upside "surprises" especially in the pure nat gas plays. Dividend increases, share buy backs, debt reductions, earnings beats should all be in play. Whitecap got in early with a 38% dividend increase two weeks ago. Oil producers are good stories but somewhat baked into some stock prices now after a huge run up for two months. Any dividend reinstatements it'll attract new money.

Frankly Canadian energy companies have been the best kept secret in NA markets for a year running.
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SOUNDs like you are right;
+ KOLD is an ETF based on nat gas futs, no dividends, never dividends, no earnings........:caution::caution:
 
Ok this theme is a complete train wreck. KOLD down 22% today, 29% since the thread started. Who could have predicted it ? Well, to some degree I did but I'll never claim to be able to predict short term Nat Gas price moves. As I said Friday, any shorts into Monday were asking for trouble based on the price action I observed.
 
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buying a bit premkt here, nice chart, not a reco

KOLD1NOV.jpg
 
KCalhoun said:
buying a bit premkt here, nice chart, not a reco

View attachment 270366
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Ok so it was at $7.60. Let's see how it moves the rest of the day. My guess is it will close lower then $7.60 and that buy needed to occur last week. You might note that most commodities are up today which is not unusual for a Monday, but that nat gas can be short term contrarian play to Oil. So I'm not saying it's a hopeless trade, just not one I'd take AFTER a big overnight move.

In terms of your calls, I'd say leveraged long Oil as a day trade every time you post buy SCO is a high probability trade. I could go into the reasons why but it suffices to say I explained this kind of trade in reference to S2007S posts several times. You could always alter your approach. Note this is less of a slam against you but an observation of actual results in an area I trade heavily. The fact you keep trying to hit the trades that don't work out for you might be a problem.
 
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Nine_Ender said:
Ok so it was at $7.60. Let's see how it moves the rest of the day. My guess is it will close lower then $7.60 and that buy needed to occur last week. You might note that most commodities are up today which is not unusual for a Monday, but that nat gas can be short term contrarian play to Oil. So I'm not saying it's a hopeless trade, just not one I'd take AFTER a big overnight move.

In terms of your calls, I'd say leveraged long Oil as a day trade every time you post buy SCO is a high probability trade. I could go into the reasons why but it suffices to say I explained this kind of trade in reference to S2007S posts several times. You could always alter your approach. Note this is less of a slam against you but an observation of actual results in an area I trade heavily. The fact you keep trying to hit the trades that don't work out for you might be a problem.
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Um currently 7.95 up .84 so far :D
 
KCalhoun said:
Um currently 7.95 up .84 so far :D
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When you posted it was at 7.60. Closed at 7.90. On a vehicle that went from 8.40 to 5.90 after you said it looked "tasty". Was it a good buy a 7.60 maybe this time but you could also look at SCO, TZA, UVXY, ... and not a lot of them did very well today. So maybe no leveraged short was wise today even though this one worked out.
 
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Nine_Ender said:
When you posted it was at 7.60. Closed at 7.90. On a vehicle that went from 8.40 to 5.90 after you said it looked "tasty". Was it a good buy a 7.60 maybe this time but you could also look at SCO, TZA, UVXY, ... and not a lot of them did very well today. So maybe no leveraged short was wise today even though this one worked out.
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Good point, and they're all down a bit afterhours.. reaction to fed Wednesday will likely help establish direction
 
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