Analog Devices, Inc. Message Board

Good question. Don't know the answer......

Good luck with that. Looks like red finish today. Much lower by Friday.

That's incredible. The only thing I agree with is the anti Patriot Act, a bill that was passed in panic without a single member of congress even reading it.

It went up $4 from it's low. I don't know how that happens intraday on no news.

Suppose you sold 1000 shares today @ the HOD. You made $700 from yesterday, and unlocked some buying power. Then you can always buy it back lower, and trade it. That is how you unwind a position like the one you are in.
But holding it for long term is just plain crazy. It could get cut in half in one day on an announcement of export. Go look at how NG traders do it. Not one of them holds positions in a decaying ETN. If you want to buy and hold, or short, you should be in NG stocks, like LNG or CQP. This is not the product to hold. Again, read the prospectus, because you are treating this like it's a stock that will bounce back. It's not a stock. No one can accurately predict the future, but I can tell you with 100% certainty that this product is made to decay. That's how they make their money.

This is getting bizarre now. No one is paying me anything. I had my opinions on NG, & lots of other things. All my opinions on NG are based on charts. If you go back and look at NG, UGAZ, DGAZ charts for several years, you will see a pattern. Normally, the lows occur in March, at the end of winter. But this year, they did not trade to form, because winter extended an extra month. The time when it would normally be making lows, it went up. Then two other important things happened to skew the price upwards: GS hyped the price up, and we had a new energy secretary coming in, someone who would more likely be in favor of export, which would boost prices. I'm sure this is one reason GS made their call. No one can predict the future. I was basing my analysis on past years. This year, everything was different.. That's not my fault. But, having said that, my point is, regardless of whether you think it's going up or down, this is an ETN, triple leveraged with built in decay. It is NOT MEANT TO BE HELD. It is meant to be day traded. Read the prospectus. I am not saying DGAZ will crash, because it already has. All I'm saying is, when you get a pop, like today, you should be slowly unwinding your position by selling small lots into the pops. Trade what you see in front of you. Hope doesn't cut it in markets. What if the new energy secretary allows export? DGAZ will be cut in half. Go to investingdotcom/commodities/natural gas, and see the professional NG traders. That's all they do is trade NG. They post their trades. None of them hold positions. They are in & out constantly. They hold positions sometimes for a day or two or three, sometimes just for hours, but NEVER hold positions long term because of the volatility and the uncertainty. You cannot treat this like it's a stock. It's a decaying product, constantly going downhill in the background. contd:

today @ the HOD? You make $700 from yesterday. Then you can buy it back lower if you want and trade

Went from -12 to -6, now back to -$9.

Operating income decreased 6% to $181 million in the first quarter, compared with $192 million in first quarter 2012. The unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter on operating income was $12 million.
Net income decreased 37% to $82 million in the first quarter, or $0.18 per diluted share, compared with $130 million, or $0.28 per diluted share, in first quarter 2012.
How is that a "beat"? Enlighten me, Duy.....

Yup. Heavy volume today on short covering. Earnings really weren't good. tremendous losses. Shorts will attack in the morning, and longs will take profits. Triple the volume from Friday.

I'm not short ESI. I don't know where you got that from. Many months ago, when it was 20, and I said short it, and it dropped to 12? I have traded ESI a couple of times since then long, but stopped out both times. Haven't had any position there in a long time. Sorry.
Believe it or not, I am trying to help these guys by advising them to use stops when trading NG, because of the volatility. If you read the prospectus, you would know that they are not meant to be held long term. They are meant for day trading. Have you read the prospectus? Triple leveraged. Not meant to be held long term. I don't know why that's so hard to understand. I wasn't trying to criticize them, just pointing out some facts about leveraged, decaying products.
Sorry to disappoint you that I am not short ESI.
That was a very childish and uninformed remark.
So you think it's bad advise to use stops when trading a triple leveraged product that is meant for day trading, regardless of which way you think it's going?

understand.

They always do......:)

You guys are making a mistake holding this product. It is meant for day trading. It decays over time. Not meant to be held long term. It is extremely volatile, and should never be traded without stops. If you had shares @ 15.59, you should have had a stop on all of them @ $15. Never hold these over time hoping that it will turn around. With new energy secretary who's in favor of NG, export is probably coming. If it comes, price will shoot up higher. You should be selling some shares every time there is a small pop, gradually unwinding the position, then use that money on something else to make up for your losses here. It's highly unlikely that you will make it back holding this.

MCP=No EARNINGS. Losses!

That's funny. These con artists forgot to mention HFT with machines making thousands of trades per second. All of them should be lined up against a wall.

Down 55 cents from high on big "up" day. Back to shorting the pops. This is never going anywhere near 20 IMO.