So are you gonna hold a core position HOV long term or you just flipping it intermittently?

Took a small position here today in anticipation of another end of the month contango disaster for Natgas. Missed the boat last month. Been a rough few months and I've been a lot more careful lately because of it.

A lot of brokerages that do allow shorting etn often only have shares of the long fund to borrow. This has been my experience with TDA and Scottrade. TDA usually has more availability for shorting stocks and etn in general than Scottrade. I've heard fidelity has a good variety to short. They have stuff available to borrow that many others don't especially inverse / bear funds.

Now that they're merged I'm not sure how it's affected it. I'm currently just using a cash account with options house because the commission is only 5 bucks.

Sold today. Rode it from 38 to 47

This thing wants 50 today. It could happen!

Too bad there's not a banking sector 3x ETF. Those bank stocks are hitting new 52 week highs due to the optimism about Trump election. BAC is up to $20 from like 14 last week.

Powerful move underway here. Still holding.

Man I was looking at buying here when it was $23 but passed due to fear of election outcome causing a big gap down. This thing is out of control.

I hear ya. For what it's worth I'm holding this for an undetermined number of days or possibly weeks because I believe biotechs are in for a big relief rally since Hillary didn't get elected. She's the reason for the recent pullback in the sector but you probably already knew that.

That being said, yes it's risky to hold overnight but since we are both up a few dollars from our entries it's a little bit better than if it closed where you bought it.

Would be like the epic run that the mining stocks had in early to mid 2016. Some of the leveraged ETFs provided 1,000%+ gains. I don't expect that here but it's fun to think about.

That would be incredible

Wow I bought a small lot at $38 this morning. Wasn't sure how much more upside there was today...weeeee! Let's go back over $50!

I'm gonna buy more at some point. Not convinced that now is the time though. Was tempted this morning when it dipped under 26.

But you're right green is green.

Woohoo go Uturd! Lol. I still can't believe I own this piece of crap.

Hell it's been that way for 2 months now. Doesn't make much sense does it? Nobody has cared about storage maxing out. They've all been excited about winter since like September. Pissed me off too because I took a pretty good size loss on DGAZ bc all the bullish hype running it up despite the storage situation being basically same as last year.

Yeah I still feel out of place here but the hedge funds seem intent that this is going to be a bullish winter for ng even though storage will surpass last years record. It's all about the narrative, not so much the fundamentals. I keep having to remind myself of that

Man I wish I'd bought the high 25's earlier. My first buy was 25.55 or somewhere close. I want to add but it looked weak earlier today. Then I ignored it for a couple hours and it's back near 27.

I wish this thing could pick a direction

Nice pre market. I'm gonna add to my position today.

I got some low 25's today. Very small position.

Yeah I'm wary of buying anything til after the election. Natgas is one thing that's probably not affected as much. But it could go either way so I'm just sitting on my hands for now.

Waiting patiently for a great entry here.

I honestly have no idea where this is going til about mid December. Natgas could go to low $2's if weather stays warm. I could also see it getting back above $3 before December. Just depends on what the hedge funds and the other entities that manipulate this trade have in store.

So here I sit all cash. Everything else in the market is also unpredictable right now due to the election.

Hit my stop earlier. I'm out. This thing looks like it's going into Turd mode again. I'm not shorting it though. Not many safe trades out there. I may sit out for another little while.

Oh I'll cut a small loss and re enter lower if it drops much. It just seems like the hedge funds are so convinced that gas is going close to $4 this winter I'd be surprised if they bailed so early on.

My logic in buying was a lot of people will see this as a dip buying opportunity despite the warm weather.

Yeah looks that way. What got my interest is the 40-50% swings in UGAZ and DGAZ. It seems like going with what I think should happen poses money so I figured If i go against my better judgment then I'll get it right.

It's always the wrong time to go long ng if I'm the one going long.

Man I hope it gets back to where the pre market was this morning!

Holding over the weekend!

Well if this Turd can hold its gains maybe I'll actually hold on to it over the weekend.

Volatility...Looks like it! I took a pretty good hit on DGAZ a couple months ago and ran away tail between my legs...now I'm back.

I'm hoping the hedgies keep moving natural gas up after this past weeks contract expiry takedown.

The 50% swings in UGAZ DGAZ are just too good an opportunity to pass up.

Omg I'm actually making money on UGAZ.

Fk it I'm buying the dip today

Man I was afraid we would wake up to a nasty gap up for natural gas.

Fingers crossed for another mild start to winter. NOAA predictions showing a mild year end but idk how accurate that is. I hope the cold fails to materialize and we see a big sell off in Natgas like last year. I know DGAZ isn't gonna hit the mid teens like i was originally hoping for but maybe $10-12? My more realistic goal is now 8-10.

I was on a business trip last week and have been busy as hell trying to catch up at work since I got back. I had an order fill me the mid 5's last week. Im really just looking to get out even or slightly better here at this point. I don't think the 2.70's are out of the question but things sure are different this year (even though storage will likely hit the same level it did last year).

Been awhile since a trade went against me this badly.

Nice find. I have a hard time believing that the November contract is gonna stay above $3 going into October. The builds are only going to increase in the coming weeks IMO.

I'm liking my newly purchased 6.32's. I'm loaded to the gills here. 90% of both my accounts are parked here.

Man these turds driving the contract price up are ruining the rollover! I wanted 5% contango not 3.5...next month spread still 0.23. Hopefully it stays that way.

Ok I got some 6.32's pre market. I'm really about ready for shoulder season...

Yeah I'll buy more tomorrow when this deposit is available for me to trade. Of course it'll probably go back up before I can buy at this level.

I guess it's a win win. It either stays here tomorrow or it goes up but I don't get more shares.

Still frustrated. Why can't we get this big of an intraday move when the build is larger than expected?

This bullshit is getting pretty old.