ng spec longs smoked tonight

Discussion in 'Commodity Futures' started by joeyata1, Aug 27, 2006.

  1. man down 8% tonight. spec longs loaded the lon g side for hurricaine hitting middle gulf and now thats history so they get spanked. ng goes to 3-5 by jan if winter mild
  2. well, they should have known better..this shit is unpredictable...on katrina it spiked up big time overnite [i think if i recall well 50% gains ot there about] then reversed and tumble so hard so fast that nobody had any time to get out...very illiquid crap, better stay away if u are not a pro energy trader.