United States Natural Gas Message Board
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Anyone in Panic Mode?
This thing looks like it's falling off a cliff!
Any longs have good reason to stay on board?-
I am not a long and am not a short.
But if I was long, I would be pissed as everything is up except for NAT GAS.
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Easy!
Load up!- 1 Reply to jhu2000
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That is right. This is probably your last chance to break even. Go short when you see $12 again. This is how you will make money through January.
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Just bought in at $10.80 in the premarket. We will see what happens...
- 2 Replies to blevans_97
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crisis = opportunity 危机
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I have banned long gas positions in my portfolio for now, but I believe that you made a good decision. This morning's move has brought another 3-5 thousand put options into play. That is a third of the contract. Now that prompt is well below spot heading into the winter. I believe that you are well positioned. However, I suggest that you put a stop loss order in place in order to protect yourself from unexpected news.
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John
I was going to say if you were long NG or the producers to not be worried as much but your long UNG.
Told you to collar up. Hope it all turns out for you.
Wolf- 2 Replies to jewolf2182
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as if anyone should be listening to you. YOu lost your ass on this.
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You were right again Wolf.
I will ride this out. My portfolio is amazingly up today despite getting nailed by UNG.
I won't be adding to my long position at this point, but refuse to panic.
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