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ProShares Ultra Bloomberg Natural Gas Message Board

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  • joey.blowie joey.blowie Apr 11, 2012 9:20 AM Flag

    Call me dumb but went long NG today from short

    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

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    • 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.

 
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10.86+0.15(+1.40%)May 25 4:00 PMEDT