Hi Lis, no, I am not holding NG for the weekend. I see this thing gapping up Monday. I will use that to my advantage and to go short though. Im patiently waiting for it to break 2.20s level and I will back up the truck and go heavy on dgaz. Not done with upside movement but very limited IMO. This thing is manipulated so bad that it swings up and down and up 10 to 15 cents in seconds. Ive never seen this thing behave this erratic before. Btw, Whatcha holding???
Prominent 70s/80s artists we've lost: Michael Jackson, David Bowie, Freddie Mercury, Whitney Houston... Only a handful left: Madonna, Boy George... very sad indeed!
Went back about 6 months to check for consecutive historical red candle close on tvix and noticed that 6 days was the longest it went red consecutively. Tomorrow is the 6th day and up AH today. it went down hard today also. Perfect for a nice and quick bounce play tomorrow- HOPEFULLY!!! Placing a low risk stop of course!!! GL
Glad you are on board with D. Yeah, even every Tuesday's crude API report is fudged. That's why it's not taken seriously as the EIA report. Biotechs take the cake IMO though. They will hire someone to release crazy good news to get everyone excited pumping up the price and Bammmm!, they hit you with a secondary after hours where you are helpless watching it go down until the following morning whete it just continues to drop and drop and drop. Hedge funds shorting bios are the same thing where they hire someone to put out some bogus news so they can cover their short. Google or youtube "cramer manipulation" and you'll get a kick of what cramer did along with the rest of his hedge fund manager buddies to manipulate the stock price
NG just dropped to 1.952 for a hot minute and recovered. I think youll do ok with DGAZ. I will short more on every little pop. You know how it is when your trade goes well and you feel that you dont have enough. I am holding DUST still as I did not but as many. TVIX had a little pop later on in the day but short lived. I havent picked it up yet. I try to buy into strengh or buy the breakouts if I can most of the time. Yeah, I sometimes miss out on a few pennies but I feel better on trades where I have that confirmation. Oh, I dumped my WTW when I saw it drift slowly away from $16
Hope you guys did well on your dgaz trades if you sold also. I dumped mine 18.80 and saw NG Go back up to 2.04 upper channel so I bought it again. I bought quite a bit at 18.40 confidently thinking I would dump it if NG violated 2.07 (3 cent low risk trade). 2.05 had been defined as ahort term top in the past few days so why not. Also.picked up a little DUST when it started to move
Lol, it's too.late, Im already on that path. One of my best friends actually works in wall street and worked for various tading firms prior and if you only know the kind of illegal manipulation that happens in wall street, your jaw will drop to the floor. The retail guys dont stand a chance and dont even know money are being taken from them. Especially these doctors and lawyers that have big pockets. They are clueless. Never say never is all I can tell you. Happens alot in biotechs especially. GL
Agree with you buzz. May & June make up the shoulder season and its in a couple of weeks. Noone really knows why technical is up but one thing that I know for sure is that rhere will be less usage of electrical power as a result of this shoulder season so the upside for NG IMO will be limited. It may also be manipulated up because of the upcoming shoulder season that is fast approaching. Just imagine if NG went down from 1.80s level a few weeks ago to around 1.50/60 right now where everyone has been predicting to revisit. By the time shoulder season hits it will be down to nothing. If NG price stays $2 level however going into shoulder season, it will have quite a bit of cushion for the expected shoulder season drop. This protects companies under the umbrella stuggling just to stay afloat. They only have to do this for 2 months until it gets into the summer. Hey, they do it with crude oil and their little meetings that are meaningless- but works all the time when they need to bring the price up after a huge freefall. Why not NG? Again, just my opinion. Nothing more!!!
I.did pick up DGAZ when I noticed NG hovering around 2.04/05 area. Since Im at a lower risk entry, I can hang on till 2.07 (most recent intraday high) before bailing. I just hope it doesnt happen overnight but Im ok with it if it does... Well, I really dont have a choice do I? lol. As long as we are aware of our risk tolerances, we can play!!!
Oh yeah I got out at the open once I noticed it rapidly dropped below 2. Closed out at 1.90. Had a feeling yesterday that today would be the day and throw everyone off. AVXL was the same. They started the raid early on a Wednesday as well. Lost $5k from AFs article. I bought WTW @ 15 today for a short term breakout play. Almost hesitated because I wanted to see more volume. Oprah ownes like half of the company lol. High short interest also
Good that you only have a little but still hurts to watch. Yeah, worth looking into gold future trading. Im not too familiar with it but it does give you control of your investments. The downside is that you will never get to sleep lol. I will get some tvix low 5s. Do you trade uvxy also?
I hope ugaz move alot higher tomorrow so I can secure a nice low risk dgaz position. I held off buying dgaz today cause Im sensing that ugaz has a bit more to go still. I hope Im not wrong because I would hate to have missed out on dgaz this time around
Do you have a large dust position? You could always sell 1/2 if you are unsure so that it wont be as painful if it does not go your way. The hardest thing with holding these ETNs is the fact you cannot act on it after AH closes and you're watching it go up or down helplessly overnight. All you can really do is wait until PM trading opens. MNKD: I do not plan in holding MNKD for Monday's news. Im tempted to sell some tomorrow because I smell a bear raid coming before Monday. AF is probably typing up his MNKD hit piece as we speak so that his buddies can cover. Let's see how I feel tomorrow. It is up over 50% in 2 days you know. Forgot to mention regarding TVIX earlier that earnings may move it up north. Consensus leaning towards bad quarter
Careful with dust cause it just broke the 52 wk high. GDX might be taking a little breather consolidating for the next leg up. Hopefully to the downside for you ID
Tvix is always good to have when all else are breaking down or the market becomes unstable. Honestly, I think it's a good idea. The only thing is try to get some close to the bottom. The way GDX has gone up so much, I'm feeling that something "not so good" iabout to come our way. When something bad is about to come, safe haven commodities go up. Did you pick up MNKD? Im up so much on it that its crazy. Im dumping it by the end of this week. Short to cover days on it is 23 days on avg volume and 47% short interest. That sealed the deal for me.
Dude, you should have sold gour DGAZ like I did yesterday when it had difficulty breaking 1.90. I am waiting to short it again. Ill buy 50% DGAZ around 2