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.
Give them an inch and they'll take a yard.
Just think back over the years and see how your rights keep dwindling away. Piece by piece.
Your privacy has been taken away a great deal already. Ask Snowden.