This is what happens when you let the fox into the hen house. All hell breaks loose with total destruction of the chickens rights. They have been disenfranchised.
The fox now has formed a police state and the elected chicken leaders don't have the guts to fight back.
jsb doesn't realize that a 5th grade level is the norm today. The hundreds of millions being spent to destroy Trump by the people who control everything to get richer while we get poorer is why people are listening to Trump.
Our country has been controlled by those who go to Washington, with not a lot of money, and become super rich.
Why? Because they toe the line, take the handouts and do what the ultra rich and corporations tell them to do, and how to support their causes. OR ELSE lose their next election and are removed from office. It's that simple.
Sorry for the double on the health care statement. That is to keep the english majors away as well as spell checkers.
This is the type of corporate greed that has made America so distrustful of wall street and companies like GE.
I could care less about their dividend and their stock buybacks.
Read the article its posted on yahoo.
P.S. I do have a close friend who worked for GE for 30 years and know his ankst. So I'm on his side and the tens of thousands of retires.
The above statements stand.
Ronn, I think that in the short term you may be wishing for something that won't happen.
Long term yes, how long it's just a guess.
Just be aware that for now UGAZ is not something you should bet the house on.
More downside is in the cards, as far as the big boy investors feel there is.
This is a multi month thing for any upside in NG. Not next week or next month.
It can get really hairy for those who cannot stand the heat in the kitchen and need to bail and lose money they cannot afford to lose.
For the long, long future I agree with you where NG can go. It's only MHO.
I often tell others on other boards to always keep 10% of your portfolio in cash and never go below it.
It's for a rainy day.
What interested me in UGAZ was the uptick on the volume while NG prices are still at decades low prices. This uptick on volume could be some hedging by companies.
I watch my stocks performance on a daily basis for problems that will cause me to sell some or to purchase more. As an example, I hold six financial institution stocks, if there is one that is falling or gaining in price with high volume while the others are holding steady then to me that is a signal to buy more or sell some shares or even get out.
I've been through three crashes of oil and ng prices before and seen the recovery many months after, so I started picking up some oil company stocks as well as the XLE.
But keep in mind I will hold these for many months, not days or weeks. This blood bath in the oil patch will not turn overnight.
Some companies that I don't own will go BK and some will be bought up by the majors. When the cascade of buying starts, you have a green light for higher prices.
Getting back to UGAZ, when and if a turn takes place in higher NG prices this stock can skyrocket in a short time.
The opposite of the coin is, if NG continues to fall expect to lose 35% more of the UGAZ price or worse yet a wipe out of the shares.
IMHO I don't expect the latter.
Msp congrats on what you have done with yourself and your children. Very sorry about your loss.
Never worry about arguments on these boards. Or responses to messages from the likes of jsb. They all contribute something including english major jsb.
This board is very active due to a possible turnaround in this industry that has been decimated. Also, as you say, it may take until 2017 to turn around.
For me I like to look to the future of any broken down industry but want to be ahead of the turn.
For you, and I don't know your age or financial situation, and I don't need to, you need to not repeat what your husband did, bless his soul, but he was not the only one, as there are thousands who took the chance and lost big time.
You need to see that this holding is very speculative and if you can't stand the possible damage and loss of capital you need to stay away for a while.
Just look at the volatility in these NG holdings over the past few years and you will see what I mean. It is violent to say the least.
Good luck to you Msp.
jsb, great catch. I was referring to the women's earlier post. Yes I'm a fella. Just checked to see and it's still there.
I will give UGAZ 12 months to see what happens. As I said, this is one of my speculative trades. Just like my RAD stock I bought years ago below one dollar and still holding.
If it doesn't go belly up, as you feel it will, i'll be a patient "fella" and will just sit back and wait to see who made a good trade.
I'm waiting for more than the average volume though.
Thank you MSP for your response. Yes there is always a chance that any holdings could go to zero.
If you read my reasons for getting into UGAZ you would know why I'm into the holdings of NG.
Let's call it a gut feeling for now and a little experience in the oil and ng business.
Do I think this is a risky bet to buy into NG? No I don't, for myself, but I can also afford the loss if it happens, even though I'm retired.
Should those who can't afford to lose everything in a UGAZ holding be in it? Appsolutely not!
I like speculative trades. I usually hold 4-5 very speculative holdings on a regular basis.
Usually just 1% of my total portfolio. One, sometimes two have paid off, but it's not for the faint of heart or for those who can't afford it.
As a woman I must ask you why your on this board if you feel the way you do.
That's unusual. Don't get get me wrong, since I have 6 females in my family and I have to pay close attention to their thinking because they are usually right 55% of the time. But does your instinct tell you that there is danger in this stock and why you feel this way. Just curious.
As far as waiting until the elections are over to invest, that seems to be ok for you but in the long run you never know, and should not be worried who wins or loses to purchase shares you believe in.
Keep in mind I'm a long term holder not someone who flips in and out of stocks on a daily basis.
Politics are not for investors to worry about.
Good luck Msp.
Thanks for the update. I appreciate your knowledge and interest in correcting me and giving me a clue on what I hold. For those on board, yes it only tracks the price of gas. Unlike the etf XLE which holds a basket of oil and gas stocks.
I stand humbly corrected. My BAD
Judie, it always appears something is happening with this stock. When it really happens you will see double normal share trades in one day. But understand it may be a down day in the price and not an up day.
I look forward to either one.
Why? Because I have been involved in these type of crash conditions in oil and gas prices a few times before.
I'm a long term holder and know that these low prices will not go on forever. Yes, it could take a year or two for a real good recovery but I'm patient fella.
Today I bought into UGAZ for the first time knowing fully well that inventories and production is still high.
I'm not promoting the stock at all due to the fact Nat Gas prices could still fall 10-15% lower in the short term.
I'm happy to see the board is very active with the promoters and naysayers for the future of NG.
A board like this one is healthy for those thinking about buying or selling what they have. I love to see the pros and cons regarding my investments, it's healthy.
As far as RAD goes, it's has been a keeper in my portfolio for many years. Yes like many of my stocks I don't get greedy. So when RAD has run up quite a bit I have sold shares, not all, for some good profits. When the stock has gone down a great deal I buy back in. Why? Because I have always believed in RAD's turnaround and the management for the past few many years. Since below a dollar a few years ago.
The stock, if you've held it long enough, has a pattern like many low priced stocks. The manipulation of these shares by shorts who turn to longs has been very constant for many years.
They have made a killing over the years.
Now things have changed. They have now moved on to greener pastures to manipulate other stocks. Why?
Because the writing is on the wall. Late this year they will be taken over for nine dollars a share. More than 10% upside from here.
But what if they stay independent or another company stakes a claim? That is the worry of the manipulators of this stock. I would hope it happens but won't hold my breath.
Yes I'm aware that this deal has been signed, but it would not be the first time that a hostile takeover has taken place. Deals have been broken and penalties have been paid before. It won't be the first time.
Bottom line is, I could care less one way or the other, I'll take my 10% plus upside and won't look back.
For the long term holders of this stock, I"m happy for all of you including myself.
For Cuddy, you should know by now when that will be. Lets hit $8 first.