I bought dgaz 3 times, cost average at $4.72 ...I'm even now, going to sell at $6+ 3 purchases between Tuesday and wednesday.
I knew it was coming, I cost averaged in DGAZ to $4.72.....started buying at $6.35 all the way down under $3.50
Friday upday on SP500. Take that as gospel and swear on the bible, fu*k yeah! Furgedaboud "death cross" yak yak yak going on.
With the decay of these products, recent volatility and it down again today I say dgaz may never cross $6. Sucks.
It's a bad trade idea to start with unless your time frame is a few hours or in really nice trends several days. Going against recent trend and holding overnight is foolish. Fundamentally, there are reasons for natural gas to go up from the sub-$3 level it was recently at, so he's betting against normal seasonality and some supply side fundamentals.
This is so very true. Stock market is up? You better fade it QUICK or your chance is over in 2.74 minutes...
It's doing a 1 for 20 reverse split so $120 is now my new prediction after next week... Just a couple of months ago everyone was talking $100+ oil, within weeks it entered a bear market....not one person was predicting a bear market and just like that it appeared out of no where... .so let's be real here NG is being hyped up, it winter, it's supposed to be cold...that's the nature of the beast, this isn't rocket science. I'm not worried one bit. In fact I'll be adding even more shares next week it it drops below $3.00 One mention of a warming trend and above average temps and natural gas will lose a quarter of it's price.....and say NG does get to $7-$8 or even $12 I will probably short as much as I possibly can!!
There's one problem with your theory...It's gonna' be bloody cold in the Northeast this season. I can feel it in me bones. The abnormally hot summer should lead to an abnormally cold winter. Will the shale deposits be able to keep up with demand? People here are getting older, and more sensitive to the cold. So they use more gas to heat the homes.
In case anyone doesn't know the issue isn't that there isn't enough natural gas in shale because there is more than enough there but instead there isn't enough pipiline to get it our of those regions.
Righttttt. Always seems to be the case....just like peak oil conspiracy theories back some years ago.....