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Agree 100% Harry!
I said UGH because the last RS was only 1 for 10. Below is the history of RS, which are no-where near a 1 for 20 as it will be tomorrow. GL
BOIL Split History Table
Date Ratio
05/11/2012 1 for 5
05/20/2015 1 for 4
03/20/2018 1 for 5
04/21/2020 1 for 10
Ya, a 1-for-20 reverse stock split. UGH
Nice pop this week from a couple of bullish factors!
1) Bullish build this week Forecast 96B / Actual 84B
2) Rig count is down as well 6/16/23 Gas rigs 130 (-5 this week) vs last year at this time with 150 rigs.
Great buy! Agreed. Missed those 3.60's. :(
GM will be using Tesla's network of superchargers. Chargepoint, Blink and EVGO are all down because of it.
Nice! :)
I hear ya with the OTC. Goodness, it's been brutal for a lot of tickers over there. I'm down myself with a few Uranium tickers even though Spot Uranium is up nicely. Go figure...
You're right though, I think this will make a strong recovery in time.
GL
I only have 3k shares, but love the article just the same! :)
Agreed
Agreed brother!
And... Qtr Revenue of $25.3M is +228.6% Y/Y. I couldn't help myself so I added another 2k at $3.88. I think it's a no-brainer at these levels.
Agreed! Took a starter at 3.98 just now. :)
Agree 100%!
Not crashing? Down 30% in 2 days is NOT ideal...
That's too funny!! And... Exactly why I stopped buying! I've been on the tanking side of NG many times over the decade(s). I finally think I've learned my lesson. Until I get suckered in again, of course... LOL
Ya, it's actually the power of decay here with this ETF. Good observation on your note.
LOL Ya, I wouldn't have been proud of that. Still watching this everyday and still on the sidelines. My NG price is still about $1.80. I will jump in then.
GL
Agreed. Demand is just not there. According to...
Weekly Natural Gas Storage Report - Stocks were 488 Bcf higher than last year at this time and 329 Bcf above the five-year average of 1,601 Bcf. At 1,930 Bcf, total working gas and we're only at the start of injection season.
Plus, the rig count is even up from this time last year 157 vs 143. But, who knows with Natty, we could get a huge relieve rally soon back up to the $3 range.
Actually, the first season build was last week. Draw downs are all done now.
You'll notice when the number has a minus sign next to it like on April 6th, -23B that's a draw down and when the number like today 75B, it's a build. See link below on U.S. Natural Gas Storage site.
https://www.investing.com/economic-calendar/natural-gas-storage-386
GL brother!
Be careful, Bearish build so NG will most likely fall tomorrow... IMHO
https://www.investing.com/economic-calendar/natural-gas-storage-386
Latest Release
Apr 20, 2023
Actual
75B
Forecast
69B
Previous
25B
Will Natty hit $1.85 this week? Looks like it...
I'm not sure that shares have been added since this is not a stock, but you're right about an RS coming soon and not holding for long term.
I'm sure you know this below, but for peeps who do not know why this decays and what holding long term looks like, here's a good snip-it below.
Daily Leverage Introduces Volatility Decay
Another feature of the BOIL ETF is its 2x daily leverage. Levered ETFs have two key features that investors should be aware of. First, they have 'positive convexity' in the direction of the bet. What this means is that one's exposure to a given underlying asset grows if the price action is in one's favour. For example, assume you invested $100 in BOIL. If the underlying index returns 5% on day 1, the position will grow to $110 (2 times 5% return). If the index returns 5% again on day 2, the position will grow to $121. This is more than twice the theoretical 2-day compounded return of 10.25% or $120.50.
If the return experience is +5% followed by -5%, investors end up with $99.00, significantly less than twice the 2-day compounded loss of 0.25% or $99.50. This slippage is due to 'volatility decay', a second feature of levered ETFs. While the 'volatility decay' may seem small on a 1-day basis, over the long-run, this can turn into very significant underperformance, especially for a volatile asset class like natural gas futures.
The BOIL ETF combines the 'roll decay' of a rolling-futures fund with the 'volatility decay' of a levered ETF. No wonder it has a 10Yr average annual return of -41.3%!
Lots of decay though Harry. Back in March when NG hit 1.94, Boil was in the $3.40-3.50 range, now NG is 2.02/2.03 and Boil is $3.03/3.04 range. IMHO of course.
Very tempted here since markets are closed Friday! They may gap it down then gap it up on Monday. Decisions... Decisions...
All time low on UNG...
Ya, it's been very cold here in CA. Well, I mean for CA. LOL It even snowed here in So Cal last month where we are. Your right, 70's & 80's comith!
Never mind! :) They are still withdrawing so actually it was a small bullish draw. I read it wrong.
Be careful. A Bearish build for the first week of the injection season! 3 Bearish withdraws in a row and now a bearish build. UGH! They honestly might want to take this down below $2.
https://www.investing.com/economic-calendar/natural-gas-storage-386
Agreed! Boil is holding up quite well considering it's a 2X ETF.
GL Brother I jumped in this morning and jumped right back out. LOL
Now just watching...
Just got back and see we ARE lower, which makes sense with the bearish draw. How low can we go?? LOL
Another Bearish Draw of -47 vs forecast of -54 and now injection season will be starting!
I did however jump in at 3.39 to see how this plays out today.
Crazy Volume today!
Agreed!
Agreed. This is what I said yesterday. Should see a pop. Can we hold it? We'll have to see how bullish or bearish the draw is tomorrow.
The forecast is -54B
I'll take luck anytime! I wanted to pull the trigger at $3.48, but just couldn't bring myself to hit that Buy button.
There are virtually no catalysts on the horizon... Having said that, we could see a small up day tomorrow, then back down.
That's Awesome! Got me beat. LOL Out of three trades, I'm only up my last two times and breakeven on my first one.
Gees! That 6mo & 1yr chart looks Devastating!! Natty holding true to it's Widow Maker name so far this year...
At this point, that's inevitable. This is not a penny stock so the risk of everyone dumping before an RS is not in play here. The price of Boil tracks Natty.
Actually the real threat is Decay here. Because of how leveraged ETFs are constructed, they are only intended for very short holding periods, such as intraday. Over time, their value will tend to decay even if the underlying price movements are favorable.