Velocityshares 3X Long Natural Gas ETN (UGAZ)

[Taurus69]

$ugaz $10.82 ? 0.0 (0.00%)
Volume: 0 @-

[researcher59]

EIA reports a build of 76 Bcf versus expectations for a build of 79 Bcf and the 5 year average of 78 Bcf.

NG (Nov) drops from $2.47 to $2.45/mcf when the news hits.

Current storage is 3,756 Bcf which is 405 Bcf above the five-year average of 3,351 Bcf.

[researcher59]

EIA reports a build of 66 Bcf versus expectations for a build of 78 Bcf and the 5 year average of 80 Bcf.

NG rises from $2.23 to $2.27/mcf when the news hits.

Current storage is 3,680 Bcf which is 407 Bcf above the five-year average of 3,273 Bcf.

[nssrr5]

It would have to get that low for me - this one is too hard of a game to play and I am sleeping a lot better not holding shares here anymore LOL.

Thanks for all of your post Researcher!

[researcher59]

Congrats on your patience and great timing in finally getting out. After an epic rally this has been a swift collapse in NG prices.

Any interest in getting back into UGAZF if it dips back under $10 ? Or even back to the bottom of $6.75 ???

[researcher59]

EIA reports a build of 89 Bcf versus expectations for a build of 79 Bcf and the 5 year average of 77 Bcf.

NG drops from $2.09 to $2.02/mcf when the news hits.

Current storage is 3,614 Bcf which is 421 Bcf above the five-year average of 3,193 Bcf.

[nssrr5]

Totally. Not looking back either. Good luck.

[Spike5]

Man did we get out at the right time

[Taurus69]

$ugaz $10.82 ? 0.0 (0.00%)
Volume: 0 @-

[price_and_volume]

Anybody moving to BOIL & KOLD?

Both have boards fwiw

[DBS]

That's good news!

I know, it's always something. LOL

[nssrr5]

Thanks for the kind words. sold most at 20 something and my last 500 the other day at 17. Made out very well.

Now getting butt kicked in oil lol. Just hold til it comes back haha.

Thanks again.

[DBS]

I keep meaning to say Congrats on holding for that moon shot!! Hope you were able to sell in the 20's! You sure earned it!

Shoulda done the same myself.

[researcher59]

EIA reports a build of 70 Bcf versus expectations for a build of 68 Bcf and the 5 year average of 68 Bcf.

NG drops from $2.33 to $2.31/mcf when the news hits.

Current storage is 3,525 Bcf which is 409 Bcf above the five-year average of 3,116 Bcf.

[nssrr5]

Thanks

[researcher59]

It's still tracking, but volume is drying up and the bid/ask spread is getting wide ....

https://www.velocityshares.com/etns/product/ugaz/

The 5 day roll from October to November futures begins on Monday.

[nssrr5]

This does not seem to be tracking NG correctly anymore. Yesterday seemed strange.

[researcher59]

EIA reports a build of 35 Bcf versus expectations for a build of 34 Bcf and the 5 year average of 66 Bcf.

NG drops from $2.53 to $2.51/mcf when the news hits.

Current storage is 3,455 Bcf which is 407 Bcf above the five-year average of 3,048 Bcf.

[nssrr5]

Looking like 25 plus today. Wow

[IanBB]

nssrr5 - thank you. good luck to you too.

[nssrr5]

Way to go. Don’t look back and good luck too you. You made out out the other side.

Congrats and good luck.

[IanBB]

nssrr5 - congratulation we did it. Very happy. I sold everything and not only I got my money back but i made a good profit. It may go up tomorrow but to think that I almost sold everything with a huge loss when it went down to 6, I'm very grateful that I held. Congrats to everyone but definitely lesson learned. This was the most stressful investment ever. Moving on to safer stocks.

[surfcat]

These strikes were bought when NIO was slightly below these strikes prices.

[surfcat]

P.S. made great money on 15 CALLs on NIO $4 and $5 dollar strikes plus 1200 shares.

Will allow these UGAZ shares go worthless or get out any big spikes like DGAZ hell I’ll take $200.

[surfcat]

I’m one of those dumbasses and holding 50 shares to see what happens after they delisted.

I’m very very VERY grateful I did not go short DGAZ vs long futures, in a lucky dumbass.

[nssrr5]

Congrats to us dumb asses that held thru the most brutal pull back I have ever experienced.

Wow what a day.

[nssrr5]

Hahahahaha

[food4thought]

Like finally breaking up with that girlfriend that has been slowing draining your soul.

[nssrr5]

Haha same here. We made it though. I just sold half my position. Prob do 25 percent more this week and hold the rest. Man that felt good.

Thanks.

[nssrr5]

Thanks man!

[researcher59]

Congrats for holding on so long - it's been an epic run for UGAZF, up from $6.75 in late June to $24.00 this morning, a whopping gain of 255%.

If it decouples like DGAZF did, then I'll try to get back in just in case it goes crazy !

[food4thought]

Cheers. Not many of us left hanging in this. I’ll probably hold 30-40% of my position depending on what today brings. I almost wrote this sow off near delisting. Glad I/we hung in. GLTY.

[nssrr5]

Smart move and congrats to you as well. I am close to pulling the plug on some shares as well. I am going to keep some but it may be time to claim this gain.

[food4thought]

Got to feel good about holding thru this nightmare. For me, down 20k to up over 15k. Going to start trimming today, but holding for what should be a significant move up with what is going on in the gulf, production interruptions, and winter futures approaching. Congrats on being vigilant. Hit’em long and straight!

[researcher59]

EIA reports a build of 45 Bcf versus expectations for a build of 47 Bcf and the 5 year average of 49 Bcf.

NG drops from $2.68 to $2.67/mcf when the news hits.

Current storage is 3,420 Bcf which is 438 Bcf above the five-year average of 2,982 Bcf.

[nssrr5]

This is beautiful

[nssrr5]

Now is your chance. One hell of a bounce back. Good luck either way. Golfing time for me.

[nssrr5]

You will have your chance to exit today. Good luck to you either way.

[IanBB]

i hope so. thanks for the positivity

[nssrr5]

I still think 30 will happen.

[IanBB]

Thank you nssrr5 but I can't sell now, I need it to go back to at least 22 before I consider selling. Hopefully it goes back up tomorrow. Good luck to all of us.

[Spike5]

Word of advice my friend take your profits this will dry up and you will be effed

[nssrr5]

Yeah it’s pulled back. Please do what you need to do. I am holding long term so I don’t worry about the swings. But if you need the money I would not hold to long. This thing is hard to hold with its ups and downs. Good luck either way. There are a lot of safer plays out there.

[IanBB]

unfortunately today was NOT a good day. I hope we did not make a mistake by not selling when it was 22.70.

[nssrr5]

Looking like another strong open!

[nssrr5]

Agreed

[IanBB]

tomorrow will be a good day

[nssrr5]

You told everyone to exit at 15. Again go away. I don’t care what you have to say. You hold no stock here and no one is left that cares what you have to say.

This is still tracking NG - therefore I will hold. Stop it with your BS walking the fence. You told everyone to sell at 15 and change. Simple as that.

[nssrr5]

From Dude Iligence “This is the relief rally all you guys that were underwater have been hoping for. Dont forget to exit.ng 2.198 ugazf 15.86”

I hope no one was dumb enough to listen to this horrible advice.

Hell selling in the 15’s would have cost me 18k.

Leave me alone dude with your silly posts.

[dude iligence]

nssrr5  Wednesday, 08/05/20 09:32:35 AMRe: Spike5 post# 249010Post #  of 25151 

What they did last friday was a damn scam. How many sharesdid they rob - hopefully we will make it out of this with some green coin. I am almost back to even. GL 


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5% Contango gap up in chart today. That means at some pt when it unwinds ugazf loses 15%. This is why dgazf had a monster run. Ugazf 7 to 22 ng 1.52 to 2.6s. Bulls make money bears make money pigs get slaughtered.

I'm going to be real blunt. It's time for you to eject, sell ugazf and go play golf and dont get back in, you got really really lucky on this run.