On a good board. Most Yahoo boards are moronic. You all have sensible and thoughtful things to say.
I am very long UPL having ridden UNG for six months as NG price rose and then a month ago traded into UPL. Rationale was that as prices moved up UNG was more sensitive than UPL and simpler mechanism. But when prices got around where I thought they would be down and up by 10% but all at a profitable level for UPL I thought that UNG would stay about the same while UPL would accrue profits over time even if NG pricing stopped moving dramatically and also they might mark up the value of the reserves which necessarily hits the P&L.
I have to admit I have not read the actual Q and I should.
Am a bit surprised at stock price action today but I agree that the play is six months. Not six days or weeks.
With a good report exceeding expectations in several categories can anyone explain why the stock price was down on Friday? Should be up next week again. Looking to thirty by summer. (Maybe our new snow will be gone by then. Extended the heating season, though. )
Agreed. I misspoke. I meant that I expect to see unambiguous signs about the stock by then. By then if market prices are holding up and news is good the stock price should be anticipating the future quarters.
With trade type stocks I find that for me it is much easier to make a good entry point than it is to know when to close. Either a long or short trade.
With investments like GE or EPD or C I get in well and I stay put for a very long time.
But I bought THC at $3 or $4 and sold at $7.
Hard not to kick yourself after that.
NG has a lot of political risk. But it seems to have weathered that. But that is sobering given that I invest in only half a dozen companies at a time and thus invest a significant amount (for me). It tends to make me close early.