Domain: tiger-web1.srvr.media3.us BOIL has become predictable | Page 56 | Money Talk
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re: BOIL has become predictable

Posted on 11/6/14 at 1:38 pm to
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10609 posts
Posted on 11/6/14 at 1:38 pm to
My mistake. Contango rather than backwardation.
Posted by L S Usetheforce
Member since Jun 2004
23262 posts
Posted on 11/6/14 at 1:52 pm to
Yall write my commission checks to cash please
Posted by I Love Bama
Alabama
Member since Nov 2007
38433 posts
Posted on 11/6/14 at 2:03 pm to
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 11/6/14 at 2:07 pm to
I bailed on my long.

will get back in if it drops further.

I had bought in June initially at 25ish, lost 40% doubled down, sold, bought, sold, bought, did a few puts and FINALLY got barely back over even...I'm worn out!

time to go buy a 10 yr t-note or something and take a nap

ETA: serious thanks to Iowa & Force for the info on this
This post was edited on 11/6/14 at 2:09 pm
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10609 posts
Posted on 11/6/14 at 2:29 pm to
Force - Why do you think there is one more dip left?
Posted by rintintin
Life is Life
Member since Nov 2008
17009 posts
Posted on 11/6/14 at 2:32 pm to
Force you selling some today? Didn't you have a 17'ish first sell point?
Posted by I Love Bama
Alabama
Member since Nov 2007
38433 posts
Posted on 11/6/14 at 3:01 pm to
I'm tempted to get back in DGAZ right now. Still don't understand todays movement and it is CHEAP right now.
Posted by L S Usetheforce
Member since Jun 2004
23262 posts
Posted on 11/6/14 at 3:38 pm to
Yes sold 1000 shares @ 17.50........Still long for UGAZ @ 5k shares..........

However this is the weather bump......not truly reflective off the supply/demand and moreso reactionary on weather.....

I still think UGAZ will dip.......

I am however not advising anybody buy DGAZ.....its not worth the undeniable risk.........

This isn't even close to the bottom for DGAZ.......I don't see how that etf survives the winter without bottoming out at 2 bucks.
This post was edited on 11/6/14 at 3:42 pm
Posted by I Love Bama
Alabama
Member since Nov 2007
38433 posts
Posted on 11/6/14 at 3:45 pm to
Can you help me understand todays movement?

Production is at all time highs.
Injection was MUCH higher than anticipated


However, we are about 5% below the 5 year average for storage.

Is this weather related?
Posted by L S Usetheforce
Member since Jun 2004
23262 posts
Posted on 11/6/14 at 5:06 pm to
COLDEST WEATHER OF THE YEAR combined with 10% below normal storage levels.........

These NG traders love the weather.........I've always felt these guys when studying this market were super reactionary but when you think about it if they get volatility in the market then they get big movements and they usually make money.

I still think we have a cold winter and we will see UGAZ in the 30s @ one point but for now........this is temporary.....Next week will still produce storage and I think people will dump profits and UGAZ will drop one more time.........

This will be your last chance to get in.............from there just deal with the dips pick a sell point for UGAZ on what makes you happy and make some gumbo.

frick Bama. I'm catching a plane to NOLA tomorrow and plan on spending some profits on booze.
Posted by southernelite
Houston, TX
Member since Sep 2009
53562 posts
Posted on 11/6/14 at 6:51 pm to
what's your reentry, if you don't mind sharing?

I sold in afterhours
Posted by I Love Bama
Alabama
Member since Nov 2007
38433 posts
Posted on 11/6/14 at 7:07 pm to
quote:

I sold in afterhours


How you do dat?
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 11/6/14 at 7:18 pm to
info for various brokers

CRITICAL to only use limit orders though, volume is very thin and market orders could fill at who knows what...

depending on the broker you use, you may or may not easily see after/before hours prices in your quote..you'll see prices as bid and ask, but not as 'last' in many cases. call your broker and get details
This post was edited on 11/6/14 at 7:20 pm
Posted by southernelite
Houston, TX
Member since Sep 2009
53562 posts
Posted on 11/6/14 at 7:52 pm to
My broker won't let me place a market order after after hours, limit only.

I may have left a few dollars on the table, but I looked at the delayed orders and went a little over that.
Posted by L S Usetheforce
Member since Jun 2004
23262 posts
Posted on 11/6/14 at 8:21 pm to
I m still long 5k shares @12.33 have another thousand to dump @20.33

I think a solid rebut is 14.60s
Posted by southernelite
Houston, TX
Member since Sep 2009
53562 posts
Posted on 11/6/14 at 8:31 pm to
Thanks,
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 11/7/14 at 8:44 am to
quote:

I bailed on my long.



nice call..you really seem to know what you're doing



ETA: never mind...moving right back up...you're not so smart after all
This post was edited on 11/7/14 at 9:28 am
Posted by bayoubengals88
LA
Member since Sep 2007
23690 posts
Posted on 11/7/14 at 6:21 pm to
This is for anyone: I'm trying to understand this whole natural gas thing to maybe fool around with it this time NEXT year...

UGAZ bottomed out at $13 in October of 2013, and it just bottomed out around $10 this October.

Why was UGAZ $42 in October of 2012? Is it NOT strictly a seasonal thing? Is it just as much a supply/demand thing?

I know it's probably to basic of a question...just trying to learn (meanwhile I'll be searching within this thread).
Posted by rintintin
Life is Life
Member since Nov 2008
17009 posts
Posted on 11/7/14 at 6:45 pm to
quote:

nice call..you really seem to know what you're doing



ETA: never mind...moving right back up...you're not so smart after all



That's what happens when you start patting yourself on the back.
Posted by jlu03
San Diego
Member since Jul 2012
3355 posts
Posted on 11/7/14 at 8:04 pm to
Any estimates on injection numbers over the next two weeks.?

Looks like this cold weather snap is going to stick around for 4 - 5 days in the North/Midwest.

Could have snow/ice as far south as central Louisiana next weekend. I will be buying back into UGAZ come Monday morning.
This post was edited on 11/9/14 at 3:44 pm
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