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ProShares Ultra Bloomberg Natural Gas Message Board

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  • vulam76 vulam76 Apr 10, 2012 5:46 PM Flag

    Call me dumb but went long NG today from short

    I am glad to see there are still some optimism with BOIL. I went long too early(1 month) ago and have been cursing each and every day. I sure hope you guys are right. I may average down one more time if it reaches the low 6's and then that will be it for me. Good luck to all us longs.....

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    • hey pal, averaging down on boil, is like getting a broken broom stick jammed up your ??? you must really enjoy pain, and if you like pain, boil is the stock for you! hey, good luck getting the splinters taken out! jmo, ps boil is a toxioc asset, it's like a relative who stopprd by, and won't leave! jmo

      • 1 Reply to joey.blowie
      • As cheap as Nat Gas currently is I still think it is going lower. I have heard analysts predicting $1.80 spot and there was recently a research report that put a low target of $1.36 on spot. Even if spot hits $1.80 BOIL would drop approximately another 20%.

        It is tempting to try to bottom fish but I just don't think spot has bottomed yet. I will start buying in the $1.50-1.80 range if it gets that low.

 
BOIL
11.94+0.44(+3.83%)May 1 4:00 PMEDT