Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
June 1 tomorrow. Many decent runs have started June 1. Thinking the report might be the catalyst to a $3.42+ run. This bloodbath is overextended, it will bounce. Also, the European weather ensemble will start printing decent heat anomolies for June 15+ tomorrow, helping the push north. Finally....... man...I forgot...
Anyhoot.. more upside probable from here than downside. The way NGN7 bounced on pit close surprised me, shows there are buyers at these levels. Below we see gap close 3.05, 3.02 and 2.92 (which I doubt we see before Sept)
Surehands.... yes, saw. Pissed that I missed. Had the finger on the trigger, but wasn't expecting that move. Two computers and my phone now on charts. Sold 1/3 of my vix, watching gold and derivs at the same time, plus NG....
Sux! I had a rather long to do list and a nap planned for today.....
Maybe.....
But I just raised to 15.05. I want to be all in today.
Betting we see UGAZ 14 handle before pit close. Big bid in at 14.99
Yup, once the dilution is done, we should be good. Revs up, new grow opp in the works. I'm down about 30% but holding strong. Canada's rec legalization will be awesome for this ticker. Expecting a TWD / CGC type move as of mid June.
edit: yup... support is breaking...again. gonna wait for $3.02's now... (yeah...trying to save my posts! Only 5 left...)
Duhhhh.... holiday on Monday, oil and NatGas inventory reports tomorrow......
Oh well.
Nevertheless....support at $3.074
Edit: Herbster!!! Can't say. No idea. Just going level by level at this point. But watch at 10:30.... oil invemtory could make or break today...
Was gonna bid the F@&! out of 3.07 but Henry Hub now down to $2.95.....
Guess I'll wait for the 1.618 retrace at $3.024... what will that give us? $14.80 UGAZ? Should coincide with me selling my first third VIX for about 20% profit.
Wow!!! 7-s about to print.... already. Gonna see 6's today.
Best of luck to all!!!
3.124 gone sooooo easily! Next hard one is 3.07. Is that breaks.... 2.83?
Henry Hub $3.03 now. For now.......
Man, I wish I could trade these pre-market swings!!! Oh Canada......
And will continue to surprise today by dropping to 7.
Best of trades!
Exactly!!!!
Cash closed at $3.05, July fighting for $3.14. Going to bed but can't wait to see what tomorrow brings!
Good night!!!
" gas prices could hit historic lows, probably as little as $1.50 a million British thermal units, before it stopped them from drilling"
https://www.wsj.com/articles/the-oil-play-that-could-flood-the-natural-gas-market-1496136602
UGAZ @ $1.40!
$3.124 is a decent support level as it's where several trend lines intersect on the natgas continuous chart. $3.124 gives us UGAZ at 16.03. I doubt it goes much lower, important support at $3.07 (15.30ish UGAZ). But at this time of year many will be buying at these levels. Good part is that thia is not September, you'll only have a couple of weeks to wait to regain your $19-20.
NatGas is the wildest commodity to trade. Huge spikes, huge drops, and you just never know. Luckily, it's this time of year. You'll be ok. Won't sleep for a couple of nights but you'll be fine.
Minimum of $22 by June 15. Mark this post.
Raising my bid to $16.03. Should equate $3.124 NatGas
yup. HNU for short term, UGAZ longer term. Did you ever open that Interactive Broker account? I did but failed to follow through on the paperwork......
Same. This capitulation reminds me of late Feb early March.... right before Ugaz jumped from $16 to $22.
I'm buying $15's... order in at $15.89 UGAZ
TVIX and VMAX are great. Being Canadian, I play HVU, similar to TVIX, they trade monthly VIX contracts. VMAX plays weekly contracts. More profit when VIX goes up but more contango decay when it goes down.
I prefer the Canadian plays because I pay no commission and no currency exchange fees (when equivalent, of course..)
Btw.... if you must play pennies, SDVI is my choice ATM. Low float, buy at 7-6, gets you 8-9 fast and is easy to influence. Played loto with it's older sister CWIR but that's a ling shot. Bought1&2's..
A little bit here and a little bit there and a little bit everywhere! Some go up and some go down and......
Why do they close markets? Should all be like bitcoin...trading 24/7
Although.... I'd never sleep.....
I hope it drops to $2.92. Getting UGAZ at $12 would be quite a treat!
Seems you were right. Will they allow it to move freely today? Greece and Italy worries in the air, oil deal a dud, natGas oversupply and less demand than expected....
Lots of red out there at the moment....
But same was said Friday at this time..... and look how that turned out.
They'll have to let it correct eventually.....
Natty might get a little support at $3.12 but I'm still aiming for $3.07.
Dude!!! Good morning! I read your post on the ISBG board before it got deleted. Feel free to play along but theres better, easier money to be made out there. NatGas will be giving is quite the opportunity soon. VIX is also quite the buy at this point. I went in big in VIX last week. As much I as was saying to keep away a while back, now might be a good time to jump in...
Great day!!!
Oh... you haven't met John now, have you. I'd be much richer had I believed what he said here early last year.
Nice to see you sir!
I'm holding a few Canadian Ugaz's from 3.17. Wanted to sell last week when NG hit 3.43ish but market was closed here. I expect a drop to $3.07 (as stated last week), maybe lower, buy will bounce plenty when heat hits the European weather modela next week.
Me, what I'd do, I'd hold knowing that it will bounce back. Others would sell hoping to buy in lower. It's all up to you.
But keep in mind that production is in the very low 70's, Rover is about to announce that they'll never meet the July 1'st pipeline completion deadline and markets are markets. They overextend then bounce wayyyy higher than they should.
I'll be all over $3.07's
My opinion here... for what it's worth!
That is indeed huge! And probably the reason why it dropped so much on open. Can't wait to see how it'll react when retail opens tomorrow a.m.!
I thought it was but seems the market thought otherwise.
This ticker has a history of flying and dropping and flying again. I bought threes and twos, will be selling at 6 and 7, as I've done in the past....
If it ever gets there.
Take care, Dude!
Thank you for time, Stan! Hope we cross paths this summer in Atlantic City. I'll email before we go.
All the best, sir!
Dude!!!! Great to hear from you!!!
This ticker isn't trading anymore. S.E.C. violations. All here are bag holders. I'm down a couple of thousand myself here. Part of trading, you win some and you lose some.
No didn't see that.....
But as far as Alamos goes, not worried, seasonals will bring this back up in no time.
Boring market action today.... gonna go watch the grass grow.
Looks like $3.21's about to break. No floor under $3.19....
Junior minors especially. That JNUG selloff has hurt the entire sector.
AGI needs a good kick in the butt!!! It'd be nice tobsee it break back above $8.80 (CDN)
Again this morning.... cold til mid June....
$3.07?
That def means that it's going down. Data is from last Tuesday.... must keep in mind. But record longs means few longs left to buy... thus going down....
St-Elie for sale / sold... great question. Doubt it, but I'll look into it. I still buy their products weekly at least....
Terribly hard to say at this point, much harder than last year, that's for sure...
But same can be said for the entire market; commodities and equities....
Lol!!!!
Thing is.... I kinda feel it's gonna go lower. European ensemble isn't showing warmth and this week's injection should be in the mid 80's....
I don't think it goes to $3.07 but 3.17 is pretty much a given. Probably lower... $3.12?
Smells like NatGas going down at open. How low?$3 25?