Velocityshares 3X Long Natural Gas ETN (UGAZ)

[dude iligence]

I bought some SGY low $1.6s this morning on the technical retest of $1.57. CC going on at moment. Future of these companies hinges on rebound in crude price and lesser degree NG. SGY has been around since 1933, you would think they would know better than to take on too much debt in a boom bust industry. Earning miss yesterday took price low, in a few days it will be old news and next earnings won't be for another 3 months. If the price of crude continues higher I would expect the same from SGY. But using a stop limit in case it goes further south. I also bought TVIX $8.4 cause Obama announced closing of Gitmo, during his press conf TVIX has rallied to $8.7. I swear that SOB is doing all he can to destroy the USA before he's out of office.

Heres how to deal with gitmo prisoners. Lease an old DC-9 load all the gitmo prisoners take off and have a dual engine flamout on the way across the gulf. Ditch the plane, crew evacuates, prisoners in shackles have tough time getting thru over wing exits, plane sinks to bottom of ocean. Problem solved saves tax payers millions.