true! My system is based on very early prediction of hurricanes which may strike the rigs in the gulf.
You may be right about the oil play. Well I hope it works out well for you. Im a little nervous about oil right now. I prefer Natural Gas. My reason for choosing NG is because it has been going down for over a week now, so im picking bottom. Also, its about 20% less than it was at this time last year.
The margin requirement for NG is a killer Khaled. In regard to picking bottom on NG; I do not know about you but this thing is the hardest to range.
USO Buy 55.22 48.26 NGAS Buy 8.83 7.50 USO 1.069599433 NGAS 1.084725674 Offsets Coef Example NGAS Low=Ngas Close(Any Previuos) / 1.084725 Placing small order Like that will help average well IMO With close at 8 Order at 7.37 GL
I agree. I know that its a risky play. I beleive that if NG goes down, it wont be by much. Anyways, Im taking the risk.
I agree - NG swings very erratic and you get big exageratted moves. This thing is in a waterfall. Anybody else as bearish as I am? I'm looking at $5.000