Think we are finally cooling off this afternoon. Probably due for a rest and slight decline, but hopefully you will be correct about making it to 31 or 32. I think we all knew it cannot just continue up indefinitely without speed bump.
Play, I agree it looks like we have moved past the problems, I have been buying either nov or dec 29 calls, can't remember without going back to my portfolio , but this could be the one, I have lost money on this company almost every time, I do feel this move is for real.
Working gas in storage was 1,499 Bcf as of Friday, May 30, 2014, according to EIA estimates. This represents a net increase of 119 Bcf from the previous week. Stocks were 737 Bcf less than last year at this time and 896 Bcf below the 5-year average of 2,395 Bcf. If we have moderately warm summer, NG is going higher
But that is what speculation is all about, no? Trying to discern what is happening before the masses. I would like to have owned LNCO at $28 and ride it to $29 rather than to wait to see if it gets over $29 first.
If it gets to $29 and fails, I still get a dividend for my speculation. If it gets to $29 and continues, I get a dividend and the follow on appreciation that one would not get by waiting.
That is why I like Play-tow's question!