Baristas Coffee Company Inc. (BCCI)-OTC Markets
0.09 Up 0.00(4.71%) 2:34PM EDT
WOW, you made a whole 5 cents!
Did that cover your lose on your bankrupt AONEQ investment? LOL!
Moreover, demand remains strong; if you live in the Midwest or on the East Coast, you don't need me to tell you that people have been turning up the dial on their heaters.
Now, if you're going to trade this sector, you have to be very nimble. Natural gas is notoriously volatile, and as such, I think we're looking at a four-week trade at best. If more cold weather continues to pressure natural gas supplies, it could cause UNG to spike another 10% by mid-April.
If you do jump on the natural gas ETF trade here, then make sure you set a tight stop-loss -- no more than 7% below your entry price -- and then use a trailing stop to protect profits.
Don't Miss What Could Be the Last Double-Digit Rally in Natural Gas This Season
The StreetAuthority NetworkBy Jim Woods | The StreetAuthority Network – 13 minutes ago
After an unseasonably chilly winter in the Midwest and on the East Coast, the cold weather has continued into the first week of spring.
This has caused a big spike in the price of natural gas, as the clean-burning fossil fuel is the primary fuel used to heat homes and businesses.
Year to date, the value of United States Natural Gas (UNG), an exchange-traded fund (ETF) pegged to the spot price of natural gas, is up almost 20%.
That big surge is also reflected in the price of the primary futures contract for natural gas, known as the Henry Hub. According to the U.S. Energy Information Administration (EIA), the Henry Hub front-month contract now trades just under $4.
This is a far cry from this time last year, when natural gas traders were concerned the Henry Hub front-month contract would sink below $1. The near four-fold rise in natural gas futures during the past year has been impressive, and if the current metrics in the space hold up, we could see natural gas prices continue to burn hot.
Interestingly, in Monday trade, natural gas prices fell about 1.5% after initially rallying to $4. The reversal that day came on reports of warmer weather in the coming weeks.
Now, keeping in mind the big run higher we've seen in UNG since mid-February, this trade does feel a bit overbought. However, I suspect more cold weather will erase that technical headwind.
Perhaps more important, the overall metrics in the space are bullish for UNG. The colder-than-normal winter has caused a big reduction in the natural gas inventory surplus. That's caused the EIA to conclude that natural gas storage levels at the end of the heating season will be well below what they were at this time last year.
ace.tracker • 52 minutes ago
Everyone has an opinion and I stated mine and you stated yours, Now we have to sit back and watch it play out. I have been doing this since 1987 and have been in business under a Corporate name since Oct 1st 1978 . I have a very good feel for business' that come into the Market and have done very well over the years.
You mean like your rode AONEQ down?
Or like you're riding MIMV down?
Or how about Z-trim, that's really going bust!
Not to mentions you're losing your Acehole shorting RAD.
Have you ever picked a winner?
Inquiring minds want to know,
On January 29, 2013, A123 Systems, Inc. announced that pursuant to the terms of the previously announced asset purchase agreements with Wanxiang America Corporation ("Wanxiang") and Navitas Systems LLC ("Navitas"), the company has completed the sale of substantially all of its assets in a transaction that was approved by the United States Bankruptcy Court for the District of Delaware. Substantially all of A123 Systems, Inc.'s non-government business assets have been acquired by A123 Systems, LLC, a newly formed, wholly owned subsidiary of Wanxiang, and the company's government business, including U.S. military contracts, has been acquired by Navitas through a separate asset purchase agreement.
The stock is continuing to trade, despite the fact that we have publicly stated that the common stock is not expected to have value after the asset sales. After the sales close and the bankruptcy process is complete, the common stock will be cancelled and we will "go dark" by making a filing with the SEC that will officially terminate the registration of the stock.
Distributions to creditors on account of their claims against A123 Systems, Inc. will be made pursuant to a liquidating plan or other process, in either case under the supervision and with the approval of the Bankruptcy Court.
Do you realize it went BK and sold off all its assets?
Or maybe not. I still don't understand how a company can go bankrupt, have no assets, but till be traded in the market.
There were never any surpluses under Clinton.