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Sold 1/2 of D at .50
Never left DD. it gets laborious posting every day.......
Watching NG 3.08 ever so closely....
Is all rigged. Then you have site like NGI that provide early Cash spot pricing with fake numbers on multiple occasions.
Dont trust them anymore...
They posted .15 increase
When in reality is only .09 cents...
Im loaded to the gills in DGAZ <24 avg. If NG even thinks of bouncing at 3.08/3.09 im bolting out..
GLTA
Note All time frames are OB
Nice trade Tm...
She may open 8.50 area. However I dont think UGAZ hits 9 this week. I could be wrong...
Im looking to buy the low 8's now that i missed the 7's..
I may buy DGAZ MOn or Tues for a buck or 2 dont know yet!
Usually retraces after roll over pop but we are in winter season so who knows
GLTA
What a pop.
Z17 2.927
F18 2.015
Congrats to those who held UGAZ
Dont know, 1/2 day trading is a great guess/choice! I vote for that!
Splits with ETF is different than a regular stock..Well, providing it starts moving back in your favor you get the same % gains and losses!
GLTU
5.00 seems to be #....I played DGAZ at under 4 last year it went to 8/9 never split. Who knows...
http://www.splithistory.com/?symbol=UGAZ
When a company such as UGAZ conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share. Looking at the UGAZ split history from start to finish, an original position size of 1000 shares would have turned into 8 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into UGAZ shares, starting with a $10,000 purchase of UGAZ, presented on a split-history-adjusted basis factoring in the complete UGAZ split history.
Real big money is selling UGAZ...
One would think those folks no more than us peons.. Timing a falling knife is a dangerous game. Since we dont know how prolific the bounce up will be. Could make folks bag holders for a long time.
I rather wait to see reversal and get a small piece of the pie than get stuck holding for 6 to 8 months.
GLTA
Bear Case:
Dec contracts expire on Tuesday. Warm weather ensemble all over the place. Meaning no roll into Jan 2.92 until Tuesday. For all intent and purposes she is trading Jan contracts right now. What is going to drive NG up when WX is not conducive to pushing it up?
Why buy UGAZ now? When it could be in the 6.9X/7.2X Monday!
MHO
GLTA
BLOCK TRADE [10:48:33] @ $8.35, 480,010 shares=4mil$
Already in the red.....Im, waiting for 7's..Could be here today! If they take more contango out next week UGAZ will be low 7's before a life jacket is thrown at her!
GLTA
The US stock and bond markets will be closed on Thursday, November 23, 2017, and futures markets will be closed that day between 1:00 p.m. ET and 6:00 p.m. ET. Additionally, on Friday, November 24, 2017, stock markets will close early at 1:00 p.m. ET, bond markets will close early at 2:00 p.m. ET, and futures markets will close early at 1:15 p.m. ET.
COT REPORT:LAST WEEK
Summary:
Open interest up 60.9k contracts
Commercial are short 928k contracts
Large speculators are short 909k contracts
Banks are short 2.2 million contracts
Big money is still short folks.. No way to sugar coat this. Weather has to get colder/longer or is down to be sideways/down trading.
MHO
GLTA
The way I see it. If your buying UGAZ you have to time the winter pop just right to maximize profits. Also, hope it does pop.
If you buy DGAZ and your wrong and we get winter pop. You have a safety net (Alleged nothing is certain)knowing that there is an oversupply of NG in industry and very likely will visit NG 2.50 and much lower!..
Today - I bought UGAZ 8.98 and sold 9.20
bought DWT 16.04 and sold 16.20
All these ETF are a scalp now a days. Algos have changed their tempo!
I held DGAZ for 2 months last year.... Dont feel comfortable doing that anymore.
We shall see!
Enjoy your Holidays TT72
GLTU
Did we find a bottom today? Dont know, looks like a hefty retrace. WE all know it could keep going down we are using Fibs a gauge...
If any blue shows up on the HDD req and Wx maps we are going to run back to 10.50/11.00 quickly....
Then we play contango next week. Which usually helps DGAZ,contango is currently at:
~.09
D - 27.94x.09 = 2.5+27.94 = 30.45
U - 9.11x.09 =.81 (9.11-.81=8.30)
GLTA
Yup there is a big difference from having a gas meter every 1/4 of a mile. To having 10 meters every 10 feet!
Your 100% correct. Thats why I never touch UVXY. Burns me all the time. However if you know market direction, They can be very profitable. Case in point XIV~
Note we have 3 hours of trading before report today!
Keyword forecast!