JD Your absolutely right don't follow me, make your own decisions, it's your money. I bought both UGAZ and DGAZ relatively small blks 1k each and got stopped out of each with small loss. NG report day swings can be wild until the direction is decided. I did buy back into UGAZ after it settled down in the $13.50's. Weds and Thurs I exited from $15.5 down to $14.5 far lower than the $18.5 top.
NG tagged 50ma $3.93 and bounced forming an intra day deep V-notch, climbed out of the Notch and finished higher than the left side of the Notch.
I trade based on the charts mainly, level II and in the case of NG wx. I put very little faith into anything I read here on these boards, if you haven't figured that out. If not just go back and read some of my posts or read what I'm about to say to you.
You bought at $10 or least you claimed you did. I don't remember you selling when you were up 80%. Why not? UGAZ dropped all the way to $12. That's leaving a lot on the table. I got an excuse I was out jetskiing the day UGAZ dropped like a rock from $18. You said you were waiting for the winter move, did you add any on today's dip?
After this weeks trading I will be more quick to take a profit vs holding for colder wx. We may see nothing but trading ranges on NG for a while. Or it might collapse like Cramer says.
If you go back and look at $WTIC in 2008 it was $142 a barrel it dropped to $33. Guess what followed it? NG $13.67 down to $2.41 well into 2009. WTIC $73 today calling for $50. Do you think it might effect the price of NG like it did before? Something to think about.
bought gas for $2.35 per gallon today. what is it per litre in
UK?
News 
Market Data 
Discover 
AI
