Billy, I sold only based on recent day trade action. i'm not in saying to buy UGAZ. I still stand by my 10-12 DGAZ expectation later on. All I did was day trade out of it with hopes to re-enter DGAZ lower (such as if it sells off on next inventory report). DGAZ is still most oversold compared to upside later. DGAZ will see much higher in 1st qtr after Nat Gas tops out from all this cold weather & hype, etc. You are throwing darts at a board & simply guessing when you presume cold weather will sustainably keep nat gas much higher. If this is why you buy UGAZ today, then why did you ever go long on DGAZ recently? You're contradicting yourself. And as I've said in the past to you, trading UGAZ/DGAZ is about buying at extreme lows one of them and basing your nat gas trade on where prices are relative to expectations (demand, supplies, weather). Sure, Nat Gas might test higher yet into another leg up, but do not stay long just because you guess & presume about the weather in Jan-Feb (because that is the obvious trade & wrong method). I'm still more of a lover of DGAZ, but I'm simply being realistic about how nat gas could still make one more leg up. But after that might happen, I'd be buying DGAZ for certain & I would not want to be long on UGAZ beyond that. I've been right about Nat Gas all year, trust me on this.
and about the rev split garbage: That is not a worry unless it sustains under 10.00 for much longer. 2nd, DGAZ is based on nat gas, & any capitalization restructuring is irrelevant. Only with normal stocks that do dilutive financing does a rev split matter. DGAZ or UGAZ would & will continue to perform in % the same based on nat gas. Anyone who tells you different is a liar or a buffoon.
Just ignore that jfk. He's just as attention seeking message board glory hunter. He makes his arrogant posts because he needs people here to "Validate" what he does, yet he puts on a big talking show on how great he is & that he doesn't care what people think and that is #$%$!!!!!
He posted to "Fear Monger" about a DGAZ rev split (which is not a worry in short term) & 2nd a rev split has no impact on fund that moves the same at any stock price capitalization when it is based on a something such as nat gas contracts.
Load up on SVM if it drops after the Fed meeting results today. Avg down toward these levels. After the swoon, the miners will have a nice bear market rally.
Sold this morning 9.31 based on latest short term action. Accumulated DGAZ last week at avg of 8.68. If Nat Gas can challenge upward to new highs I'll be interested in DGAZ again for short term. not sure if trend is sully ready to revert yet overall for DGAZ. We'll see what happens after next inventory report(s).
I'm very well into the green since Monday... because i did not listen to jfk67jfk. I bought at lows since this idiotic woodshed post & have a nice average in DGAZ. Only question is when to sell next.
bottom for RBY is not yet knows, so be careful with presumptions. I think .70 is within vicinity, but next couple weeks will be most telling. But I'm speculating in near future that RBY bottoms in short term by January. Maybe we see .50's-.60's yet, but later I see 1.00+ for a trade when miners have their overdue bounce up.
But what you are referring to is NOT ME. Get your stinking facts straight. You're better to go pick on someone else who has a lower intellect for you. you can attack me all you want & spin truths, but I have facts on my side. You're putting me into another category of people incorrectly. You need to go away and get a life
It is obvious you & that jfk are the same person. JFK must be here posting with at least 3+ aliases to help argue for his point here. I witnessed your posting history today is saying word for word exact same things as JFK alias in some posts at other boards. you're busted!! you're Pathetic!!
As I said below, rev splits don't have any affect of performances on 3x funds or ETF/ETNs. They're based on a products's movement. I traded NUGT/DUST all summer-Fall, too, & traded thru the forward & rev splits. The splits have no significance. The fact you point out NUGT as an example only further makes the point of you being wrong & me right on this.
jfk--- Your posting about reverse split fears only proves more your ignorance & that you are simply here to fear monger people out of DGAZ, and you are immoral. Same as you are immoral for trashing me over at UGAZ board and calling my attention to you by using my alias name.
Talk to someone else. My posting history shows all my trades & advice on UGAZ-DGAZ swing trades. I've been nearly perfect on them all year. I care less what you think or what the other idiot does. He's the one who posted to my at UGAZ board talking smack & starting things with me. Now the JFK idiot above is posting his arrogant cocky garbage & he's fear mongering people about DGAZ. EOM
I've been saying same thing all week. Expect a natural reversion or correction of nat gas to 20 day avg near 3.95-4 area. Bulls can still be bullish and have that occur, trust me. It is a simple matter of buying DGAZ based on nat gas being overbought in short term & understanding a natural correction to 20 day average that is due to happen. Just a simple matter of chart range movement. Nat gas can't sustainably go straight up.
ETFs & ETns do reverse splits on occasions. But that does not matter because they're movement is based on protocol of commodities such as DGAZ inversed to nat gas. As long as your short term buy is based on the underlying based commodity, your trade % yield will be the same. The idiot above is trying to fear monger people about DGAZ, so don't listen to him. And DGAZ won't rev split for a many months unless it sustains a price down here for some time yet. But in any event, it all moves based on nat gas regardless of reverse split or any equitable capitalization.
What flip-flop by me?? you are mistaken. There is no evidence of your claim. Are you referring to swing trading?? I was right on UGAZ around Nov 4, then sold a while ago. Now i'm looking at DGAZ for next swing trade. I'm swing trading cycles every few weeks. That is not what normal people call flip-flopping. Many people that post here are swing traders in short term. Why do you care about that??
Eventually when DGAZ goes to 10+, you can admit I'm right about the trade. If not, then I'll admit you are right. Until then, a lot has yet to transpire.
I'm done here with you. At least until DGAZ goes back above 10. Could DGAZ hit 7 yet? Sure, I've been saying that all week as possible. But I think it will go to 10+ again. Watch and learn.
I want to make just one last statement to you jfk67jfk:
I want to make a bet with you....
If I make money in short term & DGAZ thus goes to my minimum expectation of 10+ later in the future, I want you to shut your big mouth forever & I want you to admit I'm right...
If I'm wrong & DGAZ never goes back to 10+, then I'll tell you how awesome you are and help build up your ego! OK?
Let that settle it.
Now go away from me.
jfk67jfk, YOU ARE THE ONE WHO CALLED ME OUT BY NAME OVER AT UGAZ BOARD... YOU STARTED A FIASCO WITH ME!!!! I don't know you. You started with me! And here at DGAZ you are posting your arrogant rude cocky garbage, so people like me are going to reply.My track record speaks good about me. you can talk about yours, I don't care!! I'm simply defending myself against you! And you're so smart?? Where were you around October 31-Nov ember 4?? I did not see you over at UGAZ saying to buy it. I was at UGAZ back then & I called the perfect bottom near 12 on UGAZ. You showed up much later to UNG & UGAZ. So stick that in your pie whole & enjoy those facts.
Now go away. In future don't address me again. I'm not wasting more time on you.
you mention my ID, but yet you fail to mention any good point. Where have I been wrong? "A cheerleader for both sides" you say? What the heck are you smoking, really?? Leave me out of your lame posts. And in any event, my post history (particularly on nat gas) is nearly perfect in all of 2013 when I posted swing trades for UGAZ & DGAZ at these boards. My post history proves my history of trades, contrary to your pathetic attempt to defame me.
Instead, you should stick to your sad & lame arrogant posts where you are pretending that you are some type of Walstreet stud with clients... yet it is funny, you post here while you act so arrogantly smug & that you have 'clients'.
Good luck to you... I'm done wasting my time on you any further.
You're funny! ...you arrogantly post as if to pretend you're some expert or great analyst with presumptions people care... but similarly you remind me of Goldman Sachs... as you love to be super bullish & emphasize it late in a run up price stage (of nat gas), as if you wish you could be like Goldman & affect nat gas upward more. You're not an affector or as good of a con as Goldman Sachs is, but you are sadly a 'wanna be' type that mimics Goldman Sachs to try to pump your product a little higher--- and at a message board??? What kind of a great worthwhile analyst are you to be attempting such a thing? In all aspects, you are funny and a joke.
---And with that said, if you (similar to Goldman Sachs) are so certain of your 'overbought' Nat Gas at this stage, then I'm happy to think it must be a great signal to buy DGAZ. ...Like GS, you make a seemingly great contrarian indicator. I made many trades all year based upon this model of doing opposite of Goldman Sachs when they'd do same as you here today, which is make a last stage pump to attempt to push up a commodity even further after clearly being overbought.
***So Smarty Pants, with all your so-called self-proclaimed expertise, are you going to continue to post in near future that Nat Gas is not realistically due for a corrective pullback toward 20 day average?? Or is that aspect something that escaped your brilliance??? LOL
(Oh before I go, I almost forgot--- thank you for your insightful conceited post. How would average simpletons ever survive life without your conceited & informative posts here at these boards?)
I think it is a sign of a pivotal shift after an enormous amount of high volume longs.
The bulls here (in short term) seem to want to ignore that nat gas is due for a natural correction lower toward 20 day avg.