i think maybe your intellect is programmed to go down.... stay away from securities you don't understand
it IS silly... because while it will deteriorate with vacillation that erosion will only have the serious negative effect if the price long term stays in this range...i'm in nat gas because IT WILL NOT... meaning the downside to the price of nat gas is minimal but the upside is huge... the gains will FAR outpace the losses during the reovery stage to a point that no one will care that they're not getting 3x on the way up... 2x or 2.5x will be just as delicious.... i mean what is your worst case scenario for the actual price of nat gas?... it can't cost 0, right?... you'll never be able to get it for free... but it could EASILY go to $4 per mbtu, maybe even 5... as soon as enough businesses fail due to below cost selling prices and the supply lessens...and that is already happening
what a valid threat.... is your chest puffed out?... do you feel strong and vengeful?.... those evil bikers rped your sister and you're about to go on a rampage of bloody revenge?....ARRRRUGGHHGHG!!!!
yes, but everyone talks about it like it erodes 30% a month on contango... it's probably more like 1 or 2% per month (if that) and any sustainable recovery would be an upward force of maybe 100 to 300%... that argument tosses the baby with the bath water... it's silly... i'm in nat gas right now, for a major move... and it's coming... maybe not tomorrow, maybe not in one week, but shortly.... we won't have to wait a year for this
you managed to find one you didn't erase?.... good job... now if only you were right by deduction and not random guessing, that would really be something
wait, bert... you thought the bottom was in?... after a couple hours from the news?... seriously?... bears have to make money too... it drops for a while and then it will rebound... not that the current price isn't good anyway, i mean, does it really matter 20 or 30c either way as far as establishing a position?... if you think nat gas will recover then 3 or 2.7 or 2.4 doesn't matter (ugaz price)... a good recovery will take it to 6 to 10
my last purchase before today was at 2.48 ugaz, but i sold out of it after it made a dollar a share.... can't get too greedy, there will always be ups and downs even if hte overall direction is a recovery.... nat gas will be just fine, it's simple economics, it can't be FREE, it will always have a cost, therefore economics will dictate to producers who can't keep operating at such cheap prices (not selling for a profit) when to shut down.... then the supply will lessen and the remaining players will raise their prices.... this is what the bottom of a cycle looks like... no big deal
i'm planning to make a lot MORE money playing nat gas (and oil.... and gold)...
of course... easily.... a number that low you might see in just a week or 2... i still can't find a reason for the etn not to recover to 8s or 10s
the numbers reported are actually better than i anticipated.. i really didn't think it would be anything over 200.... looks like it's actually time to load up to this overreaction... what a great entry point ... 2.73
"brutal" relatively.. yes... but i'm saying it wasn't much different from the prior week... the prior week had very similar temps overall and the draw was waaaaaaaaay smaller than 250... that gap wouldn't make sense to be closed with a few extra degrees of cold.... i'm banking on the coming cold weeks, not so much because they're cold to previous weeks, but because they should be MUCH colder in comparison to same time LAST YEAR
250 based on what though?... did you see the numbers for last week?... and that's with pretty similar low temps... it's not as if this week was twice as cold as the one before, they were almost the same
yesterday the report predicted 8.9... and 8.4 is less than that, which is better.... they're doing the opposite with NG... they predicted an INSANELY high number to which we haven't come even relatively close yet with pretty much the same low temps last week.... they set it up for an automatic fail... even though the draw will be excellent, the one they predicted is so enormous it can't be reached and they'll try to tank the ng price based on not reaching an expectation.... that's one thing that always bothered me about stocks... a company could have a 20% better year than the last one, which should make it move valuable (thus the stock price should be higher), but the analysts predicted 25% that wasn't reached, so now it drops even though the company did well by all metrics (for example)
love the boldness of exact predictions.... unless it comes with a deleted post if wrong
while pathetic, i take it as a very good sign