Hey brun nc
Yeah we are getting a early correction this year. Companies that are strictly US currency are doing better than the rest. There are some that have avoided the strong dollar hangover such as AAPL but they are the exception rather than the rule Are you still in NG long or short? GL
Billy I took some profits in my UWTI and bought some DWTI but todays move is just a sample of how fast the market can react. I have heard that the rig count was the cause but i noticed that the minute The AP story crossed the wire stating that ISIS had made a move against IRAQ's oil platforms is when crude took off. If ISIS did interfere with Iraq'a oil supply things could change fast
I just sold my $320.00 CALLS and i am out. At some point i will buy some puts GL2ALL
I sent you a email, I don't like to post trades on the MB's unless they pertain to the board GL Mike
Billy it all comes down to the contango . When the front month contracts cost more then the previous months the erosion factor is there and then you have the Fees. It all comes down to numbers which the math is never in your favor.
Billy Oil does the same thing you just don't notice it as much. There is a 3.00 difference between march and june contracts and the spread is widening again between WTI and Brent which is a positive for the Refiners and a neg for WTI oil which is tied to the dollar. I trade a lot of currency when the opportunity arises I was short the Eur and long the dollar till last friday. I probably should of stayed in the trade since the dollar has more to go but felt the easy money has been made.
billy On Jan 12 DGAZ was 8.92 and ung was 14.20 Just compare those numbers to today and that is not counting the erotion that Ung had to the NG price. These ETF's get whacked daily
Not to gutsy, I only bought a few. i buy a lot of options during earnings, i never buy to many of anything. I look at it like educated gambling. With the dollar being so strong the companies that do most of their business inside the US have done well and vice versus. I still get burned though lol
I sent you an email trying to figure out what you trade, ie Options, currency etc Short interest was at record levels yesterday going in to AMZN's earnings. 320.00 Calls were 2.86 yesterday morning GL
At some point NG will go up but right now the shorts are in control. every rally is followed by a immediate sell off. I have been watching the buy and sell orders and every after hours season is being used to force NG down. If you haven't watched it already type in "Cramer talks about stock manipulation" on you tube. This will explain what i was saying this morning on how i can find you a story to fit any scenario you want
Thanks. I took a loss in this last year so this will more than take care of that GL2LL
I bet u do. I have a small position that i am just going to hold but i am not buying anymore till we get a trend reversal.
I am holding 310.00 calls so i am hoping it holds up. I took a chance because of the high short interest so time will tell
That is strange that it would go up that much, I pay about 2.00 for gas but hardly use any at all. I use more diesel than anything between my truck and equipment. NC has one of the highest fuel taxes in any state i have ever lived but we have good roads I bought some land in NE Tennessee for logging and they have cheap gas but the worst roads for a state that i have ever seen
I read that the price of NG has not gone down hardly any to the customers and in some areas it has gone up. It is a fact that the savings are not being passed on.
Cman Last year set people up for a big disaster. When i brought up the fact that parabolic moves are rarely repeated all i got was flac. The one that sticks out in my mind the most was; "Probably never even been on the CME trading Floor" LOL I bought some more GASL today It sat on 2.50 to long for me to pass. I now have 2.61 cost average in this batch of trade shares (so Far) GL2ALL
If you did hard enough you can find a story to match your thesis and since you posted earlier that only 12% were correct whats the point?
I will send u a email in the morning. I don't like to say much on the boards/ That FXCM i mentioned to you went from 1.23 to 3.26 in two days but that was a speck trade. I am out of it now but will put a few things for you to look at which might work out for you TTYL8R Mike