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Apparently they had something good to say in their webcast? Anyone know what's up here...
Bought some more UGAZ. NG chart looks pretty solid on 4.50 support. Could take off to the upside I'm thinking. But I put a stop in place... because I know how NG loves to surprise me.
Maybe if it R/S's... Even if this thing tracked the spot price exactly and gas went down to 3.25...which is unlikely we will see gas get that low again. That would be a 25% move in gas. Which would be about a 75% move in D. Between $6-7 bucks. This looses value over time, thats why its a terrible long hold. Just look a long chart, it says it all.
Ok, I took a shot. Grabbed some UGAZ, see how it goes...
Oh I've traded it for sure. And I might again if it ever gets some actual people interested again. But some people are clueless on how to make $. Give yah a hint: when the volume drops of take your money.... Wait till it comes back. So many people are worried about missing out on a little profit and wind up losing their a$$ holding. Just trying to help.. Good luck
Are you serious....$19,000 dollars traded today! This things a joke.
That site you found was pretty spot on with there estimate
I'm gonna see where the dust settles for a bit. I'm thinking we might get a great UGAZ buy opportunity. I really can't see it not bouncing back fast. At least for a week or two. 30% selloff in nat gas market is huge. Way oversold right now.
Thinking about putting my $ where my mouth is..maybe jump into UGAZ. I'm gonna wait till the report. If we get a nice dump, I'm gonna grab some.
Sold the rest of my shares right here at 3.73 for a nice 30%. It's too risky to hold into that report. Can't ignore the hammer a support. I think we bounce by monday either way the report goes. Unless it's a huge miss. Still cold in chitown, cold forecast into next week. And gas is too cheap now with storage dropping this low. A draw is a draw, I don't think gas goes much lower till we get an injection.. Good luck everyone
Look at the blogs on the left. Eia storage report blog, someone listed all the top analysts estimates. They vary a lot
A site I often check is saying -101 prediction.
http://www.firstenercastfinancial.com
Took some profits here... We might get a significant bounce at 4.50 gas
That's cause the pps is getting smoked and they are trying anything to keep it propped up.
Today is the last day of trade for march
I guess what I'm getting at is... If we seen this 1.50 move in gas the first ten or so days in the month, we would have seen about a 75% move in Dgaz.
So the first ten day of the month DGAZ should be the most volatile..or trade closest in relation to spot.
Nice find. That's what I was thinking. This run's not over. I think there might be a pause with the low draw expected, but next week we move north a bit. Depending on the draw this week will determine when it picks up steam again. But either way, i think it picks up steam next week with a bigger draw coming and storage at this level. I've been saying this for a couple weeks now...That expiration explains the monster dump too.
I get all that Dude.. I'm just trying to understand the price action better. I learned a while ago to grab your money and go, but sometimes I got a lot going on and I miss the trade. I've actually been pretty spot on with my nat gas calls lately, but if this don't reflect the spot... It don't do me much good. You definitely don't want to go to far when you got a nat gas trade on.
Ok Doc, I got another question. Let me know if I understand this correctly. So this free fall in nat gas the last two days didn't reflect in dgaz price action because it's not tracking march contract anymore. And since the april and farther out contracts are so much lower in price, they didn't move that much. This is also steep backwardation correct? So if this is the case, tomorrow when march contract rolls Dgaz will be more reflective of the spot price. And if we get a big bounce or rally in nat gas... DGAZ is gonna get crushed. Do I have this right?
Been on this board for over a year now and still learning everyday. The biggest thing I learned is how perfectly this is designed not to perform for the customer. I bet this R/S's by next week.
So this is gonna get hammered when nat gas rolls this week if we get a nice bounce and another rally into next week. Probably should get into UGAZ. This really sucks the nat gas free fall happen close to expiration.
I just noticed you said "so I can see it increasing considering the expected polar weather". There's just a lot of people asking questions on this board before they even read what the heck this thing does. Not trying to insult sorry. Good luck
Decent volume.... $ 50,000 traded? This thing is dying, you need volume for a bounce..,
Wasnt even paying attention to this last hour.., should have got out and reloaded. You really have to pay close attention to this. I dont know how much upside is really here with what the future prices are?
You do realize this is inverse right? And that its not a stock....
Nat gas is unraveling big time!
And ugaz was up 18%, i dont think their usually that far apart.
Hey Ray or Doc. I know this is off topic of this board, but I figured you are the guys to ask. Any idea why DGAZ did 14% today when it says in velocityshares fact sheets it tracks 3x the S&P GSCI nat gas excess return which did 7.82 % today?
Yah, thats some bs. It tracks s&p gsci nat gas er which did 7.82% today. So i would think this should be up 23.5%.
Hard to believe it's getting murdered this bad with great earnings..., but, i'm not gonna hang around to see where the dust settles. Money to be made elsewhere, and groupon all seems to give you a chance to get back in cheap from time to time.
I hear yah, it was just something I read this morning and had to go back to find it.
Mark Mahaney, of RBC Capital Markets. Mahaney used Groupon's report and forecast as the basis for cutting his rating on the company's stock to underperform, or sell, from sector perform, and slashing his price target on Groupon's shares to $7 from $11.
It was giving a $7 price target. Ya might wan't to wait to jump in.
Im not trying to discredit this company. But, smart money's not buying this right now. There's no volume here, the chart is ugly, and it's dying a slow death right now. Smart money sold their shares a week or two ago and their not stepping back in until there is volume. I too have bought something and listened to the same ten people on the board talk about how it was going to the moon. But, at some point you have to learn how to trade and read a chart or you will be a bagholder. Stop listening to others and do your homework, there is a ton of people here that are clueless. You guys need some real news, not some article from some small town newspaper.
Oh yah, they are stepping over each other to get in... Look at the volume! Lol... Hilarious.
There it is....nat gas getting smoked right now.. Free fall.
I took a shot here premarket. Wish i would have checked early and got some 2.50s, but i got 2.70. I still think we see a big pullback this week, and probably go back up next week. Either way, in the long run i won't get hurt at this price. Good luck everyone
Yep, no volume... No interest. And all the clueless bustards just waiting watching their $$ go bye bye...