Got another trade for you and fidel. Not sure if you guys trade ETF, but UGAZ bull natural gas and DGAZ bear. I have been trading for 6 months back and forth for some nice gains. Obviously, education on Nat Gas is key, but they are fun to trade...even if you are in both funds with unequal weights. I am currently bull with overweight UGAZ due to weather, but will start building a large position in DGAZ soon. There will be storage reports every Thursday related to the draw of NG. The data is always a week behind, so this Thursday will not reflect the recent cold temps. It could be a bear report. I expect January 16 report to be bullish. Overall, we have draws from storage that are bullish compared to 5 year average. However, current forecasts are for warmer temps coming 8 to 16 days, but I still feel that the end of year draws in March will put us below the 5 year. The kicker is that how much capacity comes on to replace storage level and some companies may bring on more capacity if the price of NG is right. If DGAZ pulls back below 8 bucks, I am going to start building a large position for longer term. I only allocate 10 to 15 thousand dollars of my portfolio between both positions. These are trading positions, but DGAZ may give you a 100 percent return over 6 months if you get in at the right price.
Missed it ghart. Thought about doing a market order today at .65, but did not pull the trigger. I am not comfortable chasing this thing, but will wait for a pullback if it comes. PEIX had a nice day...strong volume and close at the high.
Ya....my wife keeps laughing at me sayin ifada. We have a nice life only because of investing and my job. I made up my mind during the last crash that I would educate myself and take over more of my investments rather than blindly put them in mutual funds in my 401k. I found out I could take 50 percent of my 401k and invest myself. I have been able to outperform the 50 percent that I have in our company plan..but not by much. I have a few speculative stocks and PEIX is one of them. I bought pre split at 35 cents and have been adding. My attitude with this company remains speculative...I have cash to gamble to lose for significant upside. Has worked in the past with CLWR and IRE. These companies get trounced enough to make valuation attractive because of assets. I still like investing in sound companies with dividends. FCX was a gift at 26 bucks with special div and regular div. Same with WYNN...in at 90 bucks and two special divs with normal divs and it continues to go up.
Unfortunately, you will find this on most message boards on Yahoo. All stocks are manipulated....probably by machines or pro's making more cash than us retail investors.
Saw an interesting interview from a guy on CNBC that made 50 percent past few years on Halftime Fastmoney. They were grilling as they always do, but he kept saying we do not trade. We find stocks that we think are under valued and we buy and hold until valuation is fair. Big fund and they only made 6 trades last year. Huh....could you imagine buying AAPL, TSLA, F, BAC. GOOG, PCLN, S, ,,,,and holding instead of trading?
There are more conspiracy theories on this board than all witnesses called before the Warren Commission investigating JFK assassination. Went and saw Wolf of Wall Street this weekend. You guys better not go see it...it will really make you paranoid.
Nice pop in DGAZ today. Storage report Friday. Holding into report...betting on bearish -90 draw. Predictions are for -120. Forecasts are still cold bullish, but looks like Nat Gas due for pause before another leg up.
I posted this Friday with no response. I am long PEIX, but not sure what the option trade means other than someone is making a huge bet that we go to 7.50. All I can say is that earnings better support all the euphoria. I also held into last earnings and added to my position at 3 bucks.
Not a chart guy...but starting to nibble. Everyone knew that today's storage report would be bullish as it tracks the past week. Now...we look at new data going forward. All the snow melting here in Indiana and record temps forecast for next few days in some areas. I am going to build a position and hold for awhile and started today in 7.80 range.
Tried to short UVXY today...no shares available. Shorted VXX for a day trade and worked out nicely. We should have some volatility rest of year with low volume. You got some balz. I do not ever trade on margin.