Gotta love ZERO RISK in the SP500 = $$$

themickey said:
I was a tad confused at first but S2007S was trading long on an inverse ETF type stock.
He's underwater at the moment, trying to predict this sort of thing is high risk imo.
I would rather trade a reaction than anticipate a reaction, that is, jump on the break of a trend, rather than jumping in front of the train.
But everyone to their own in this game.
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I bought dgaz 3 times, cost average at $4.72 ...I'm even now, going to sell at $6+
3 purchases between Tuesday and wednesday.
 
S2007S said:
I knew it was coming, I cost averaged in DGAZ to $4.72.....started buying at $6.35 all the way down under $3.50
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With the decay of these products, recent volatility and it down again today I say dgaz may never cross $6. Sucks.
 
jasonc said:
With the decay of these products, recent volatility and it down again today I say dgaz may never cross $6. Sucks.
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It's a bad trade idea to start with unless your time frame is a few hours or in really nice trends several days. Going against recent trend and holding overnight is foolish. Fundamentally, there are reasons for natural gas to go up from the sub-$3 level it was recently at, so he's betting against normal seasonality and some supply side fundamentals.
 
jasonc said:
Impressive how fast rallies are sold now. Interesting shift from the past. All it took was a month for sentiment to completely change
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This is so very true. Stock market is up? You better fade it QUICK or your chance is over in 2.74 minutes...
 
jasonc said:
With the decay of these products, recent volatility and it down again today I say dgaz may never cross $6. Sucks.
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It's doing a 1 for 20 reverse split so $120 is now my new prediction after next week...

Just a couple of months ago everyone was talking $100+ oil, within weeks it entered a bear market....not one person was predicting a bear market and just like that it appeared out of no where...


.so let's be real here NG is being hyped up, it winter, it's supposed to be cold...that's the nature of the beast, this isn't rocket science.

I'm not worried one bit. In fact I'll be adding even more shares next week it it drops below $3.00

One mention of a warming trend and above average temps and natural gas will lose a quarter of it's price.....and say NG does get to $7-$8 or even $12 I will probably short as much as I possibly can!!
 
S2007S said:
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I'm not worried one bit. In fact I'll be adding even more shares next week it it drops below $3.00

One mention of a warming trend and above average temps and natural gas will lose a quarter of it's price.....and say NG does get to $7-$8 or even $12 I will probably short as much as I possibly can!!
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There's one problem with your theory...It's gonna' be bloody cold in the Northeast this season. I can feel it in me bones. The abnormally hot summer should lead to an abnormally cold winter. Will the shale deposits be able to keep up with demand?

People here are getting older, and more sensitive to the cold. So they use more gas to heat the homes.
 
Overnight said:
There's one problem with your theory...It's gonna' be bloody cold in the Northeast this season. I can feel it in me bones. The abnormally hot summer should lead to an abnormally cold winter. Will the shale deposits be able to keep up with demand?

People here are getting older, and more sensitive to the cold. So they use more gas to heat the homes.
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In case anyone doesn't know the issue isn't that there isn't enough natural gas in shale because there is more than enough there but instead there isn't enough pipiline to get it our of those regions.
 
jasonc said:
In case anyone doesn't know the issue isn't that there isn't enough natural gas in shale because there is more than enough there but instead there isn't enough pipiline to get it our of those regions.
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Righttttt. Always seems to be the case....just like peak oil conspiracy theories back some years ago.....
 
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