Regarding your comments about your purchase of DGAZ at 5, 5.50 and then again at 4.50 and still being down about 25%, I can relate. The high volatility with huge percentage daily moves and backwardation as you know devastated DGAZ. A real learning experience. Lets hope we don't have any more.
GASX and GASL are interesting plays. Have had them both. Waiting to get in GASL at this time. They seem a bit more predictable than NG because they trend better. GASX is being eliminated soon. My 2 cents
Was just looking at some NG charts and my thinking that NG again at 4.10 being a good time to load DGAZ most of the way may be high. 4.10 would be a sort of breakout if it can stay there hence I could be in trouble for some time with DGAZ as the trend would likely move higher. It seems 3.78 to 4.00 is the range on the weekly, anything different intraday, one has to decide whether it's sustainable then take a position favoring that outcome. Seems to be no trend right now and I don't feel strongly about buying big in the middle so will stick with the trim and add. GL
Last time I posted Was just getting short NG and seem to recall mentioning that if a profit presented itself I was going to take it. It did present itself so I went completely flat DGAZ then bought and sold UGAZ and have started a new position in DGAZ today. I wouldn't be surprised if NG ticks up to 4.10 again which is when I would be more inclined to get more short shares.
Seems market is more about squeezing shorts right now than fundys. What I mean is that any reason for NG to move like low hydro, little wind generation for a day, small gas line leak, small incidents, are keeping a floor under NG price.
Going to stay short here and get shorter if the opportunity comes my way. NG is pretty forgiving if wrong and I think there is plenty of time to go long longer term. Am going to continue with the idea that profits are king and take them rather than hold these positions in full for 3-6 months.
MOJI says, 'SPDC was $4.84 in December..........$4.62 in March.........and $3.90 in April '
Tell me something I don't already know. As far as a position in either APP or RSH, they are not for me. I keep my zany trades to Nat. Gas. It's all the volatility needed most days. Drivel on if amused by it. Nuff said!
RSI not way overbought at 68. Not considered overbought at all. 30-70 a normal range. Two weeks ago at RSI of 89 would be considered overbought. You post a lot of drivel here sir.
If Oracle buys every customer that uses their software they have no customers. The new hire was a regional VP at Oracle. I see zero chance of a hookup.
' it takes some luck and bad experiences to know this game." I've had plenty of both and will never claim to know the game. I do know that I would rather be lucky than good any day. Holding small amount of DGAZ now from NG=4.05+. Sold my UGAZ early but for a positive return. Buying more DGAZ at 4.10 and 4.15. Then I'll hold off see what happens. I'm thinking supply will be larger going forward. Won't hesitate to take a profit if and when. Even though curve is in contango as you well know the volatility hurts no matter.GL
Two of the most important factors that will affect the value of the ETNs are the directional change in the
the level of the applicable Index (either up or down) and the annualized daily volatility of the applicable Index itself.
The annualized daily volatility of each Index is a measure of the magnitude and frequency of day-to-day changes in
the applicable Index closing level, and is equal to the standard deviation of the applicable Index’s daily returns over
twenty years, annualized by multiplying by the square root of 252.
The ETNs are sensitive to large changes in the market price of the futures contracts included in the
Copied from prospectus.
There are examples in this document which include tables of 1-20% moves. An absolute jaw dropper. GL
Read the prospectus and you will find what you need to know. Not trying to be a smart behind but the answers are there. Had to read it numerous times myself to figure out what they were saying. There is a small section within that gives examples on how the share price is settled daily and more important to understand are the reasons share prices vary under different scenarios. Worth the effort because it applies to all leveraged funds. How many invest in the 3x funds do you think who have never bothered to read the prospectus? GL.
Looks like MR. Willis broke even on this purchase today. I'm sure he is not worried. That's 20,600 shares bought in the last two weeks mostly under 2.75. Nice
8/26/2014 Richard Willis CEO Buy 2,300 $3.25 $7,475.00
This stock is working on a base in excess of 5 months long. The longer the base the larger the move they say. The RSI and MACD having been moving up for the same period. MACD reached bull territory in July. The 10 day MA has crossed over the 30 day MA. The 30 day MA has crossed over the 50 day MA. There is definitely a divergence in price movement or lack thereof with these technical indicators. Earnings and guidance remain on track, debt is decreasing. Have said it before though and will reiterate once again. Wireline runoff is still a problem and the insiders could show some love and depart with some cash to buy some shares. A few buys by the insiders I think would do wonders. The divergence can't go on forever. Stock has to break up or the technicals have to break down. Just my 2 cents.
Part of the disclosure reads " in accordance with certain minimum price and volume limitations" He has almost a year to off a million shares of the 10+ million shares he owns. Maybe he wants to get ready for the five handle or maybe he just needs a little walking money. I don't see it as a negative. I ask myself what would I do. You should ask yourself the same.
Mr .Willis knows more than I do about the company and it's prospects so I'll stick with his judgement. No message board fools will change my thought process either. +1 for SPDC.
Gap filled from last November at 4.75. That was what I so patiently waited for. Bought at 4.73. Will buy more lower if it goes there but haven't decided where yet. Just lower. Like the company and the fact that insiders have much skin in the game.