Playing the swings on an upside channel is certainly a strategy.
A little history, Denver began a stretch of 80 degree temps in early March of 2012 just when DGAZ hit $60's (know one expected the so-called 'freaky' weather), DGAZ went on to hit $130, 30 days later. That was a late season run, in our book this one is early (know one expected 9 degrees in DFW this early in December).
We know about the ETF decay, however when volatility entered into DUST/NUGT this year, decay took a back seat.
Happy Investing. BTLG Out!
This system looks twice as bad as last cycle, another one lagging 3-4 days behind (Dallas frozen over till Monday/records broken). Point: this was not what most were expecting, this bad, this early. UGAZ staying a bread & butter albeit weather-centric/leverage play (channel up continues).
Sentiment: Strong Buy
That doesn't need to be re-hashed... How do you like the CALI move (it's all a matter of time)? China fad plays back in form for next 2 weeks as SPX consolidates. ARCW, put that on a 2014-3D watch list (12mo = 5/6/7 bagger). No need to respond back.... off this board of drones. Out!
We're out since our exit plan became exposed. We split all of FREE into UGAZ/ARCW/KGJI last week.
No way to win here (Crede owns FREE and shareholders are paying into Crede's accounts).
Our opinion is FREE has failed to find a suitor so likely riding down to ..50 - 75 before it r/splits again.
Read the back post, we put out a few names for Dec and two we already closed out before Nov was done.
Anybody whose anybody that played the gold swing thrice, YRCW and USU this Spring/Summer could have been well off.
We didn't point out MBIS and ECTE before the jump last week, did we? (oh, yes that was us again.... read the back post). We're not always right, but we are clearly ahead of the curb than the hacks on twits or these MB's. (If we could rip the keyboards out of the 90% of hacks that post there, we would imminently)!
We are not giving a price projection here (our clients don't like us for giving away exit plans.... do your own hw).
No, hard feelings..... both points (yours and ours) is up. There are too many trying to be 1-day millionaires so that's where those CLOWN posters come from. We collectively are up 380% since April and that is solely on sticking with the plan (not stock hopping on a different play each week with all our money).
When the likelihood of a possible runner becomes more of a sure thing that's 'when' people get antsy and the 'where' is on these boards with abundant predictive wild #$%$ from unsophisticated investors.
As far as to the global marketplace - zero is really the current number factored into DGAZ/UGAZ's equation. So the point was when we remove the zero with an actual number and so forth the value of this ETF will be truly measured to it's capability...... unlike today with gold, oil or any other asset that are traded globally.
BTLG Happy Investing! Out!
Sentiment: Strong Buy
Yeah, just like your "warming trend the 1st week of December," right? "Nobody knows," that's true. The point is don't contradict yourself by the statement nobody knows and then put out weather forecasts or the "may climb to 5-$5.50," (that put's UGAZ over $40) without a response back from legitimate posters.
Now for the facts - another cold spell hits 1st week of December - spot NG moves on anticipation of a shortfall - inventory reports often lags nullifying the actual projection up/down. So if the weather continues the pattern - hence, the anticipation & consecutive inventory shortfalls continue.
A little history - when we have a cycle of Artic weather within weeks apart this early that is enough writing on the wall that spells changes are in store.
Our take - DGAZ is more likely to be taken out to the wood shed this season, notwithstanding the fact these ETF's will soon no longer be dependent on domestic spot but rather global demand brought on by a larger U.S. LNG ports factor.
Our trading house has allocated into this position since early November (4 large baskets), so there is no question where we stand here.
Sentiment: Strong Buy
Take the time to write yahoo. It will work collectively if we all complain about the obvious problem.
(Smart Money Shorts) switched sides yesterday, more have covered today, and the rest will follow above $1.50 (i.e. the dumb ones who got to greedy, won't admit and still rely on pushing the sub dollar propaganda).
Face it, eventually they'll get the hint.... this is a classic case of deep trough/V channel confirmation (overreaction)
Play the swings on the channel build. Easy $2.55 by Jan.
I see no reason this can't go beyond 30. We haven't had to contend with an elongated cold spell for a while.
If this early wind is a sign that things are about to change (still an outside chance) then UGAZ is about to take DGAZ behind the wood shed and return the favor from 3 years ago. Let it go from there.
One of the most hated stock the last 2 weeks but now the today's darling. Those who know better, DCA'd till the bleeding stopped. Band-wagoners have no sense of ownership. We'll say it again....an overdone ZIOP situation coming to fruition once again.
Flibbity-flobbity-floo..... You are most undoubtedly - the grumpiest old man (we can all guess why).
Criticizing everyone as liars doesn't make you a righteous genius. You haven't contributed one spit of actual thought that was useful.
Is your name Ebenezer? Did the 1st ghost tell the rest - don't even bother? What a spiteful, bitter old man you are.
You are the one that doesn't know jack - squat!
Didn't we say NEWL junkies were gonna pop up on this board, ie. NG moves COAL, NEWL thinks they indexed in COAL which they are not.
ZLCS maybe in a swing mode on it's way to recovery, by 1st week of January we project $2.55. Sorry, didn't get back to you on that earlier but we had price UGAZ carefully, just read the back post.