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Heat wave across the country......but NG down due to cooling......NO, it's due to manipulation! Should have sold at 33% red, bc now back over -50%. DOOMED....time for ANOTHER RS to make it worse!
Please get back to $33 during all of the games, so I can GTFO of this!!!!! So manipulated......Record heat, Nat gas up every day, but we go down, daily!
Somebody making money off of this, just not US!
Been green, since I bought the put......My amount in the stock is much higher....so keep climbing!
My put expires Apr 15th, so at least we'll be mostly green until then 😌
Boy I cant call catty in for the plunge out for the run
50% down, can't get out😬
There were obviously a lot of puts.....They UN naturally raised the price....It will head back down and stay it's daily red again.
Finally a turn around today. Hope it lasts a while. Like to see 2.25 on natty.
OK, I hope there is someone smart in here!!! We are at the lowest in 10 years. Based on reading, UNG is consistently said to NOT be a long call. HAS the game changed? Will we never go back up based on the new game? Or is the $10K I have invested possibly going to turn into zero or maybe 100K in 5 years? I'm at -50% now. I was at -30% at RS.
IYou might be right I called natty bottom at 2 and 1.8 so my instincts are worth diddly
Unfortunately bottom will be when we get back in the $5s.
Ba k in EOD. Gotta be a bottom in here somewhere
Ba k in EOD. Gotta be a bottom in here somewhere
Took a half position here at an average of 17.07. At least I can sleep nights over here vs my previous BOIL trades. LOL
I got in yesterday and out today quick 12.5% haircut. It is at a 4 year low just figured I had nailed the bottom
Based on my post prior, I'm concerned it never will. 17s and weather is milder.....until July. 2 months of heat and then wait until Dec or Jan. I bought in Spring 22 and it has consistently gone down, no matter the weather.....or how much we drilled, stored, or sent around the world.
Geezus when is natty going to turn?
Natural Gas Futures ETFs Are for Short-Term Bets
Here's where contango comes in. Because the futures contract that expires further out is often more expensive than the one the funds are holding, the funds lose money on that rollover.
Because these funds are almost always losing value, buying and holding futures-based funds like UNG or BOIL doesn't make sense as a long-term play on a commodity. This is one of the key reasons why the funds have underperformed the price of natural gas.
Anyone active in here? Groundhog says early spring. This was so much higher 3 years ago. I don't see how it could ever get back there. Feels like it is continually taken lower and lower.
Started buying this at $19 2 years ago......I just wasn't -40%
And here we go with UNG. I DON'T understand their plan with the split. They had to know that this would go back down to around $5, which puts everyone down over 75%.
Hate to be negative, but I've been screwed by this one since I bought. Once it gets under 20, it will run back down to low single dollars. They had to know this.
Please don't pick on us dummies.....that are at the least waiting for the SP to hit our AVG.
Supply/demand/cold/hot. None of that matters. It has an incredible opportunity to blow up based on a lot of factors. It has not, will not, bc THEY will not let it. So thinking that having a $33 avg and it's ATH is in the $400 range, does not mean it's ever going to even make it past FKing $25 now..
Sold on that last run before the rs, watching it now on the sidelines
I don't see this ending well. 1200 shares to 300. Price is $20+, but I see it going back down since there is more room now.
I have been FKed by every stock split. This is so crazy.
UNG: effective Jan. 24,2024 a one for 4 reverse split:
https://hedgefollow.com/upcoming-stock-splits.php
As long as it's not manipulated....SHOULD for sure!
Should steadily climb from here thru april
Red yesterday.....It's cold AF down here in the south. All they can really use, honestly, is the inventory.....NO NEED to keep lying about mild forecasts.
So many liars in this manipulation. I'm in GA and more days in the low 30s since NOV, than I've ever seen and next Tues, Wed, Thurs, lows are 28, 24, 28. That's not even normal in this area of GA at any time during the winter. AND if WE are experiencing this, then up north is cold AF. How is this MILD? Because those providing the financial news are told to print it. At least six months ago, every other day was the opposite.....now it's just mild winter....
It’l reverse, always does, an it’l run up hard
Thoughts? CAN this even recover. The excuses for it to continue to be beaten down to nothing are numerous. I complained before because every other day was opposite news, getting cold - green, next day, getting mild - red. Now everyday red and as we're sitting in freezing temps, it's red AF!
I've got way too much of this and the lower I buy to average down the lower it goes. This seems to be a loser and now all I can hope is to get back to my average.....hope
Political motive plus over supply, US produced enough to support itself. This index does not track Europe price.
Why is this being manipulated people?
Easy triple he said lmao
Opportunity here for an easy triple! Loading this
$UNG $6.41 I’m buying will hold for potential bust 500% or -50%
Yup - people often get confused about NG prices, thinking that winter is the best time to buy NG - however, a look at 5-10-30 yr seasonality charts tells a different story.
April is normally a good month for Natural Gas.
"Rallies look likely into late May/June." according to Funstrat's technician Mark Newton.
Bought Wednesday at $7.45. I’m going to be well rewarded
It’s dicey, but there’s money to be made. Waiting until spring.
bottom or dead money for years?
Day Low 2.614 @NG.1
Oops, left $ on the table with this one.
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