no kidding, I have no opinion on BAS, but after trying to figure out a way to do it, I finally came to the conclusion that the only sensible way to take a position in energy was to buy individual stocks. It aint easy. I don't advise any amateur (which is what I am) who can't spend 14 hours a day reading and understanding balance sheets and fundamental reports to do it on his own. these analysts don't come cheap. And a good one won't tell you whether to buy or sell. Just the facts. like the man told me over there in CL, "I don't buy oil. I buy oil wells."
I regularly trade NG. Anyone else know about the flash crash at the beginning of the year? I was short but didnt exit since it was overnight. Still exited well though. Currently short NG at 3260, looking for new lows around 3000.
I bought some NGJ3-NGV3 spreads today. I'll try to buy some NGH3 tonight, tomorrow. I'm looking for 3.33-3.35.
Ok now NGH3 has reached 3.31. Barring a monster reversal to close out the day, I am increasing my target to 3.4.
I been long a long time and just keep rolling over. I did take off half at nearly 1.0, just keeping a breakeven stop and using monthly charts. http://www.elitetrader.com/vb/showthread.php?s=&postid=3640552#post3640552
Yeah as NG kept falling, I noticed the spreads kept creeping up so I decided to buy the NGJ3-NGV3 spreads as opposed to NGH3 outright. It paid off today as I was able to get out of my spreads without loss even though NG broke down pretty badly. At any rate, I was wrong about NG heading to 3.4 so I'm done going long NG for now.
are their ways to play NG with a smaller nominal investment then in the futures.. can you play beneficiaries of NG's higher future price..