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Me too...
I usual sit there for a week or more on any trend and observe how it plays out, chart, bid & ask wise and try to see a price pattern. For example oil or NG for now. Then I research all the details that goes with trend plays. In this case, rigs counts and supply, weather for these states (CA,FL,TX & NY) for NG, since these states use the most NG. OPEC for oil and reports from government on weekly oil and gas surplus. Lastly, read chart for moving average(on 50 and 200) for 5 days, 1 month and then 1 to 5 years.
Once you see a patterns of where price should be then you can set your alert(s)and be paitent. Do not jump the gun and buy higher than at your set alert price; check L2 if you see if more buyers are coming in then aim lower than your alert's price. Yes, there will be times that you will say... man if only I bought just a litttle higher than my alert's price and sell it now i would make some $; bad trait. Patient and DD will be your savior. This is what i do, good luck and invest only what you can afford to lose; nobody knows the market perfectly. But gas and oil can not be this low forever. I will go long in mid of 2016 or end for both unless OPEC says otherwise on oil. Invest at your own risk, this is not an advice on investing okay . GL.
So true... MMs are market manipulators not market makers. LOL.
Good luck. Bought AAPL & SCO today. My limit did not make for DWTI(oh well). Can't get them all... Have a good weekend CBeeson.
This board is dead here. LOL. On stocktwitz this ticker flying with infos.
LOL. Auto correction on the words: "against" & "buy" for previous post. GLTA
Great news... now I am in even though the stock it at its 52-week high, it goes again my investment fundamental by at it peaks; but this is going to big!
http://www.cnbc.com/id/102425356
DGAZ on Tuesday for me, like you said, the inverse plays (oil or gas) are for day trading. I will ride gas and oil as a LONG when they are at their bottom (easier said than done to find the bottom). These commodities are not going away in my lifetime and we always need them. IMO NG should not be at its current price level with surplus and since spring is around the corner per say.
http://www.weather.com/storms/winter/news/arctic-coldest-this-winter-season-northeast
Good call. Got my eyes on this again. Dipping back into DGAZ again when NG go up in the $3 again. Best wishes with your NG plays...
My bad... wrong forum. NG is down then this ticker is going up. I meant 2.45 for UGAZ, not DGAZ. LOL. GL.
Getting ready to shoot for 2.45 or low when it gets there.... NG is dropping.
Sounds logical, I will ride long on the low $40s, do not want to miss the train; rather be on side of caution. Don't want to miss this one in a lifetime. At my age, I may not see this again until i am walking with 3 legs(a cane is the 3rd leg). LOL
Sounds logical, I will ride long on the low $40s, do not want to miss the train; rather be on side of caution. Don't want to miss this one in a lifetime. At my age, I may not see this again until i am walking with 3 legs(a cane is the 3rd leg). LOL
Perhaps another fake bounce, cause I am aiming for SCO or DWTI when oil is around $53. Still over supply and global demand is less...
Then getting back into WTI & USO when it drops back to mid $40. Rinse and repeat until the global economy is up and supply is much less. Rig counts drop will not go in effect until end of this year IMO on surplus issue. GLTA
Interesting... I am a strategic investor and your comments are very informative I must say. Thanks...
At this rate, DGAZ is a safe play till the end of this year. Cause if flares are everywhere, that is not helping the NG surplus; which DGAZ thrives on. LOL & GL with your trades.
Will play SCO too now until it hits low $40 for oil, then I will ride it as a long on oil. Even at this price your company is fracking new wells, hence it isn't as bad as the news media made it out to be; having oil around $50 or high $40. Am I wrong? Thx,
Thx... New wells still, hmmm, really? I thought that is a no... reduction is the key to save cost & waiting for the oil price to go up. Interesting, rig counts is down overall.
It is the norm that the fracked wells drop 30-50% off from their peak production with 2-3 years as stated in these news?
Refracking. Do your company refracks on old existing wells? If so, does it works and how effective is it? Thx in advance for the reply, just trying to get some info.
http://www.bloomberg.com/news/articles/2015-02-10/drillers-take-second-crack-at-fracking-wells-to-cut-cost-energy
Refracking. Do your company refracks on old existing wells? If so, does it works and how effective is it? Thx in advance for the reply, just trying to get some info.
http://www.bloomberg.com/news/articles/2015-02-10/drillers-take-second-crack-at-fracking-wells-to-cut-cost-energy
Looks tempting... aiming for 70ish now if it gets there.
GL guys... of to check out SCO. Oil is up 5%, when there as a surplus in the recent report. Hmm... setting alert for buying at 71/72
All out at 7.58. A little too greedy for the second portion for wanting at $8, profits is profit. GLTA...
Good call, I am still holding for $8. But the profit looks good, so tempted to sell too; must stay the course(analyzed).
I be lying if I was not sweating a little. I did some more DD yesterday on what may be the catalyst(s) on the rise of NG, the only thing I found was some cold days in the NE, but that did not justify the major up tick.
Spring is around the corner and there was a pump article about NG by some investing firm, similar to SA. Was a little antsy in PM when NG was up a 2.881 and it seems like it did not want to stop, silly MMs.
I'll be lying if I was not sweating a little. I did some more DD yesterday on what may be the catalyst(s) on the rise of NG, the only thing I found was some cold days in the NE, but that did not justify the major up tick.
Spring is around the corner and there was a pump article about NG by some investing firm, similar to SA. Was a little antsy in PM when NG was up a 2.881 and it seems like it did not want to stop, silly MMs. All good now, come on $8.
Now for my $8. LOL. After that, back to UGAZ... When it hits 2.50 or lower. I prefer 2.45. GLTA.
Loves it when a good plan comes together
Come already... $7.50. This should be back to it original range at 7.99 prior to the UGAZ spikes on nothing but couple cold days in NE, spring is 4 weeks from now; warmer days are ahead. This is future thing... so back to $8 and higher it goes...
LOL. Before report is a safe play. Going to ride it if it doesn't hit 7.50 before report; seems to be not the case given only 44 minutes left. Got plenty dry powder for either play after report. GL
Will sell 1/2 at 7.50 and will ride 1/2 with the report. GL. MMs are funny... NG was at 5% plus in PM
It is because of NG, it went up nearly 6% today. FYI. Rexx is 70/75% NG & 30/25% Oil. GLTU
Man.... I am so wrong about this today. It was close. $7.40 ish the highest point. Oh well, maybe tomorrow.... GLTA
I hope so for you. Went to gas instead for now, no OPEC to manipulate it and easier to make money than oil for now.
Here's the reason why it will go down more. Costs for Producing Crude Oil and Natural Gas, 2007–2009 per barrel: http://www.eia.gov/tools/faqs/faq.cfm?id=367&t=6
The latest info is from 2007-2009(one year prior to fracking, fracking in 2008). So the cost of per barrel is around $25 for other countries and $34 for US prior to fracking. With fracking, the cost went down even more... so it is safe to assume it is around $30 or low per barrel after fracking. Not to mention OPEC just lower the price of oil as of yesterday for their Asia' clients. Overall, it does not look good until the price is around $30, not $20 like CITI's banker stated. It may go that low if OPEC wants it too, after all; it cost only around $10 or less for the Saudi. GLTU
Perhaps but the market is RED. GLTU. It is a little better now: -1.32 & not -3% or greater like this morning. I still in it may drop to low $40 before another fake bounce recover shows itself. I say it may be in mid or high $30 is where it will bounce up for real.
Setting to sell 2700 shares at 7.50 and 5096 shares @ $8. GLTA.
I think it will cross to high $7 or low 8.
I think it will get to 7.50 soon and then back to 7.99 or higher. NG up 6% in PM without any catalyst. Oil and gas are tie together somewhat... If oil is still 1.6 mil over with rig counts down... NG will be the same IMO in tomorrow report. GLTA.
Same here in PM, @ 6.75. GLTA.
True, there is always opportunity in volatility & be greedy when others are fearful & vice versa. But this is beyond wrong... not feeling it; also selling most fake stuffs. People will go to Amazon if that is the case. GLTU
Interesting articles. I think oil will drop... more. An extra 1.6 mil. increase after rig counts drop 26% is not good news; bad news IMO.
http://www.cnbc.com/id/102415200
http://www.cnbc.com/id/102415089