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Agreed. Nat gas didn't move the way I expected overnight so I exited at 3.82 for a small loss.
The 75% short interest in DGAZ yesterday would suggest a pop is coming but risk/reward isn't there anymore.
DGAZ 75% short interest today.
Date Symbol Name Short Volume Long Volume Total Volume Short%
2014-09-16 DGAZ 3X Inverse Natural Gas ETN Velocityshares 4757558 1622608 6380166 75
2014-09-15 DGAZ 3X Inverse Natural Gas ETN Velocityshares 1965153 1863161 3828314 51
2014-09-12 DGAZ 3X Inverse Natural Gas ETN Velocityshares 741266 2457984 3199250 23
2014-09-11 DGAZ 3X Inverse Natural Gas ETN Velocityshares 1004656 5956024 6960680 14
2014-09-10 DGAZ 3X Inverse Natural Gas ETN Velocityshares 1055850 928057 1983907 53
2014-09-09 DGAZ 3X Inverse Natural Gas ETN Velocityshares 2991530 2589911 5581441 54
2014-09-08 DGAZ 3X Inverse Natural Gas ETN Velocityshares 1748201 1169927 2918128 60
2014-09-05 DGAZ 3X Inverse Natural Gas ETN Velocityshares 663645 1623543 2287188 29
2014-09-04 DGAZ 3X Inverse Natural Gas ETN Velocityshares 1296208 4829037 6125245 21
2014-09-03 DGAZ 3X Inverse Natural Gas ETN Velocityshares 574392 4310593 4884985 12
Was sweating a bit when I was down almost $2K but the plan came together in the end.
Flipped to the bearish camp for a day (or hopefully less), I'm expecting nat gas to test the 50DMA for support in the 3.91 range overnight. If it does I'll set a stop to protect against any bounce back up.
Only for tomorrow though as I'm generally bullish on nat gas thru April 2015.
A couple nice 20K share buys EOD is positive.
DGAZ
Even if nat gas continues North after hours it will pull back and test the 50 DMA for support IMO.
Removed my stop and holding overnight. Would love to see a gap fill on UGAZ around 13.90.
Grabbed a starter position here today, XONE can't stay beaten down forever.
Man, had my finger on the VHC trigger at 7.75 this morning but didn't buy.
Congrats to the bottom feeders here today.
Bought 3.86's with a tight stop, let's see what happens.
DGAZ
EDIT-short interest yesterday was 51%, surely that number increased today. Could set up for a nice pop tomorrow if nat gas pulls back overnight.
I'm out 33.02, buying DGAZ for a pullback in nat gas IMO.
DRIO does have a viable product but it is being released into a very saturated blood glucose testing market. IF Dario provides a better user experience than what's currently on the market than the CEO's prediction of 3% market share could be realized.
I'll wait for the necessary raise in A/S and further dilution before I jump back in. A R/S will be required but it won't be proportional to the O/S so further dilution is a given IMO.
See it now?? .05 is coming again.
DRIO
Makes no sense, UGAZ is up 6.5% but GASL still tanking on pop in nat. gas prices.
I guess these illiquid plays are easy to manipulate on low volume.
Tempted to buy more here but already down $1.5K from Friday's purchases. Will stop out and take losses if this breaks into the 28's.
What exactly does GASL trade in relation to because it is completely disconnected from daily movements in Nat Gas futures??
Gas goes up, GASL continues down
Short sales on DRIO goes down every Friday and WAY back up on Monday historically.
A drop in DRIO PPS from .19 to .127 this week is NOT positive Btown. The chart has broken down with consecutive lower highs and lower lows all week.
News better come next week.
Good luck
If I were short I wouldn't hold through the weekend so hopefully we get some covering EOD. Grabbed 400 more, the price is right IMO.
Agreed. I grabbed 600 GASL for a starter, 31.16 average with no stop.
I'm sure short interest will be up today from yesterday's 65%, it always reverses hard on the chart and a nice short squeeze is imminent IMO. Monday should be bounce time but if not I think 29.25 will be rock bottom.
Good luck,
Sumo
Traders must be salivating at the prospect of a triple bottom around 1180 for Gold, I'd be inclined to short DUST or load NUGT if Gold approaches the 1195 range, possibly even utilize margin if the chart sets up perfectly. Looking at the weekly chart a triple top formation around 1790 resulted in a massive drop in Gold prices.
Let's hope we get an equally impressive but opposite move North if Gold does breach below 1200.
good luck to all,
Sumo
Huge volume here today.
Got stopped out but looking to re-enter short.
LULU
EDIT- back in short 44.60 with a tight stop
Shorted the pop at 45.29, so far so good. I think LULU pulls back before it moves North.
Good luck to all
EDIT- stop set at 44.20
If 1240 doesn't hold then we could see a re-test 1180.
Goldman Sachs still has a low target of 1050 for 2014 if I'm not mistaken and they usually get their (manipulating) way.
I'm on the fence because I expect Gold to go lower but know one geopolitical move in Iraq, Syria or Ukraine could move Gold $100 north in a blink of an eye.
Playing gas and Russia etf's at the moment as I think the risk is lower.
good luck
It's getting close IMO but the trend is clearly still down.
I've been doing well buying the daily drop in the a.m. and scalping out for a .70-1.00 spread.
Good luck
I'm not convinced we're at bottom yet. GDX just broke below the 50DMA, let the manipulators take Gold down to 1180 before it runs again.
I'm going to throw out my best guesstimate of around 28.50 bottom. Very compelling with the dollar so overvalued and overbought.
I tried so hard to short this at 50.00 but my broker couldn't find me any shares.
Checked in on AMB*/*MBS for the first time in a while, I hope your price targets are correct.
All good points Boris, time will tell.
DRIO
I hope to be proven wrong choi but protect your profits.
Too many red flags to re-enter for me.
DRIO
Good luck to you Btown, protect your profits.
DRIO
50 plus hours of DD in the last 2 weeks, your right I don't know what i'm talking about.
Good luck mate DRIO
Biggest DRIO issue, the Dario system is not compatible with Apple's new iPhone 6 and iOS8 operating system. Even if FDA approval is granted
Owners of new Android or iOS products would not be able to use Dario until very expensive software updates are made. DRIO won't have the cash until another round of dilution is complete IMO.
I'm not saying this run is over, it will go as high or low as the Pro traders want it to.
Good luck to all tomorrow.
Short interest on GASL jumped from 20% Friday to 60% yesterday, the highest it's been since August 16th.
Could be a nice pop when shorty covers.
Hope you had a stop loss in place.
Time to buy now?? Coming into seasonal strength and if Russia threatens to turn the tap off to Ukraine and the EU prices could soar.
EDIT- just put in another low so it looks like a test of the 30.70 range is coming.
GASL
SHORTS are just relentless here, wouldn't be surprised to see 65% short interest today.
My account just turned red on XONE but a squeeze is coming.
Send him a message and tell him what you think. ELAY
https://www.facebook.com/sergio.pinon1/photos
Unfortunately this is how it works at ELAY. Folks thinking they'll play a .0001 bounce get stuck at no bid, your millions of shares aren't worth beer money.
Sergio hits shareholders with YET ANOTHER 1 for 200 reverse split. The stock trades briefly at .02 and is manipulated up to .03 before Sergio dumps and shorts attack. By the time your new shares arrive the PPS is at .005, an instant 75% loss but so much better than most ELAY shareholders make out.
The temptation is to average down but this is foolish, shorts will crush the PPS down to .0003/.0004 before the Christmas miracle happens... a nice pop and 400% profit to buy Christmas pressies for those "in the know".
Do some DD and know what you own or even better, don't play penny scams like ELAY.
Sumo
DRIO kool-aid is a flowin' tonight.
good luck to all
Come on man, let's not intentionally deceive people here. Everyone knows the O/S for DRIO is now 75 million which is still remarkably low.
Sumo
UP 150% since his first video posted, check your facts friend
Sumo
NO new sanctions equals gap down for RUSS tomorrow IMO.
Congratulations to the EU and NATO for strengthening Putin's resolve and determination to steamroll it's neighbors.
Time to sell and short RUSS