UGAZ up slighly today. Battle between natural gas bears and bulls. Most of the US in cold weather. Keep an eye on Wednesday Nat Gas numbers for rigs and inventory. Keep in mind that we are a week behind. May see Nat Gas go down in price, but with the cold weather this week the inventory levels and price should be bullish first week in December. Still holding UGAZ for price target of 17 bucks for stop at profit... If NG goes above 3.86,,,,bullish. That is the level we need to break for upside to 4 bucks. If we cannot break above...look at DGAZ, but keep an eye on weather forecasts. VXX and UVXY continue to fall...contango. Keep an eye on the VIX when it gets to 11. Then let it pop to go short....do not go long these funds...play it short. Just my opinion.
Hey King..don't have the time to do the math...if UVXY popped to 40 bucks tomorrow, how much would I be up if I went long in January 2013. How much would I be up if I went long in January 2012. Just wondering because I have been thinking about going long. Look at the charts...has to be a bottom. Or....can you figure out how much I would be up if I went long the 3rd Tuesday of every month? Thanks in advance.
Thanks....girls girls girls. Grew up with 5 brothers, 1 sister. Now...daughters and grandbaby girls.
Tesla putting vehicles on boats to Europe and they claim China. Does not seem to be much market for them beyond California in the states until they build infrastructure for charging. Still projecting 800 per week starting December and ramping to 1400 per week by Q4 2014.
Just found out I am going to be a proud grand father of another grand daughter. Holy Cow...Two daughters and now three grand daughters.
Life is good...but when do I get my grandson....Happy Thanksgiving to all!
Forgot to mention...for those who are not faint at heart....check out NUGT. 3X bull Gold Miners. Do your DD and remember that this fund is like VXX and UVXY....reverse splits. Might be time to go long here, but for a short term trade depending on where you see gold. For long term...short any spike. Just look at the chart. Small trades...do not go all in. Do not stay in these ETFs for long term trades...they are widow makers,
Have to work Saturday, Sunday...then get only Thursday and Friday Thanksgiving week and back at it Saturday, Sunday....#$%$@Tesla. They are running their plant next Saturday and Sunday. Want us to build more and more and more. 720 per week until 1st of year and going up January. Anyone here own a Model S?
UGAZ long...nice. Simple as watching 10 day forecast and studying rigs and inventory. May need to rotate long into DGAZ soon. JCC...do you ever go long anything, or always short? What are you buying for a long position in silver...SLV
Be careful here with VXX, UVXY shorts. Another fund to watch...UGAZ...ETF bull for Natural Gas. Currently long with a price target of 17 bucks....but if cold weather consists it could blow past 17. The counter of this trade is DGAZ for bear natural gas. Do your DD on these funds, but they are fun to trade.
I am to busy at work to day trade, but when home at lunch I put a limit order for NUGT at 34.80 just for the hell of it. I did not think it would hit my limit,,but it did. Looks like I could be in for pain tomorrow as I cannot trade after hours. Or...I could be a guru. This market is that way. There is no rhyme or reason.
By the way...long DGAZ also. Screwed up my TSLA short by covering at 130 bucks...but a profit is a profit.
Jcc...respect your opinion on trading. I am trading around many long positions in stocks. My largest holding has been FCX for some time and has paid off with dividends and the recent run in the stock. I have not taken profits in my long position...trading around it. Recently...there has been much insider activity with purchases. If your thesis with metals holds true...can you explain why there has been so much insider buys with FCX...even at the current levels of the PPS? The insiders have many years experience in running this company. I cannot attribute it to the recent M and A in oil...unless they know something we do not.
Thanks for reminding us fid...although not many WW11 vets left...the greatest generation....hope all had a good day as well as all of the Korean, Vietnam vets. I think these guys do not get as much attention as the vets we have in current wars...they deserve it.
absolutely unbelievable...and I was feeling guilty about wealth transfer. I will never feel guilty again. brm...you deserve to lose everything that your grandparents...parents left to you.
Hey Jack....the only reason I bought shares in this company was because others on message boards had played it for a pop on earnings in this quarter in the past. It is obvious to me that you cannot even play this for a pop. Perhaps that is the problem...MGMT knows that investors are doing this and do not care. Perhaps many here are bitter about not getting instant gratification...ie give me 50 percent on my investment in days not months or years. If you follow the broad market...it is happening in most companies...all the charts look the same. If we try to invest on past practices of trying to value the balance sheet and potential growth of companies, you will struggle. I am tired of it...if you cannot beat em...join em. Look at the charts of the ETF's....always in a range. If you want to buy low and sell high,,,the ETFs are making it easy.