i've read build could be 100mcf. we could be heading to 5.00 territory. PS .. i wonder if this could have neg. impact on the price support oil seems to be finding.
wish I would've directly shorted -- I have a spread open though, so its slowly closing. i'm too distracted blundering trades with oil and bonds.
by the way, the spread between oct, nov, and dec is 1.60 each month, total 3.20 between oct and dec. I think a test below 4.99 should psych the later months down a bit. any thoughts? I think historical maximum at close between months was something like .60. Great opportunity. i'm long 3 oct , short 2 nov, short 1 dec. doing the ng because i prefer the liquidity and smaller spreads on the later months.
how amny b ottom fishers are in bk bototm fishing this. basically never more than a few days bounce on a trip all the way down from $15.50
the question here is what stocks to short who have unhedged nat gas sales. I know DVN is in this situation, but that recent GOM discovery takes them off my short list. CHK is hedged, isn't it? ...
you think its too bold to bottom pick this? I bought 1 qg at 4.85 - I know, not too ambitious size... my real money is in my spread -- but this is way below cash prices. In fact, it'll probably push cash lower, but lets see how this does.. We could be back to 5.25 within days, I have no doubt.