You would think with all the conversions NG use would increase at a much higher rate than the EIA claims. I have always had a hard time believing their numbers since they never seem to correlate to all the other data. The problem is every time we have cheap oil the US consumer mind set changes like cheap oil is here to stay. The US should have a better incentive program like they do for solar since NG is clearly the cleaner, cheaper of the two. GL2ALL
AVEO has held up pretty good considering how far we have moved up this week. Your always going to get selling going into the event but we are still above yesterday's open which is a good sign. I know i will be listening tomorrow to hear what is next GL2ALL
I agree billy, I have been sending trades out to some who lost big trying to get some back, They have all been in bio's ZIOP,EYES, AVEO but for those who bought in the teens, I don't see any hope till next winter and we all know what holding any of these ETF's that long will do. GL2ALL Mike
The one thing you have going for that trade is we are getting closer to seasonal use drop. I am not shorting NG at these levels but that doesn't mean i don't think it could go down but just i have other trades that the odds favor. I would like to see NG go up so some that have lost a lot of money could get some back. You are well aware that i have had disagreements with certain traders who were pounding the table making outrageous claims that NG was going to 5-6-7? based on no more than their misguided view of their trading prowess which would be fine if it didn't cause some to lose a lot of money. I only hope hope that this year showed people that what happened last year has nothing to do with this year.and taking profit along the way is not a bad thing. GL2ALL
I remember that and when i sold UGAZ you asked me what i was going to do if it went to 30. This is a small position that i have less than $3.00 in so whats the point of selling if i don't need the funds and believe it will be higher in one year from now.
I just have access to their daily market movers which is great for getting a leg up on the market. I use a different brokerage for my purchases GL2ALL
It comes down to the cost to process, Brent is a much lighter oil which is cheaper to convert plus you get more of the finished product
GASL tracks oil a lot more than NG Up onto about a week ago it moved in stride with oil, This week it seems to move down even if oil is up. I have started picking the better companies instead of buying more GASL GL2ALL Mike
Has not Iran been selling their oil to china and n korea all along. I also hear they are sneaking out on to the open market
You know where my oil prediction was and now i am working on if the storage issue will give us a false bottom or are we done. I am will to hold any position i buy till the market come back if need be. I just push it out of the way and wait it out GL and Do what works for u
After we had the big move up, you heard a lot saying it's over and time to move on even though the real news will be friday. Some say it is old news but somebody thinks we will get some good news friday, Time will tell but GL2ALL
You have to do what works for you. You don't like to be tied to the day to day market. You know that i trade around my core and posted when i bought my last GASL @ 2.50 I have since sold some and still hold some. The thing i always ask myself is, If i have to hold this for one year where will it be and while not many could call the oil bottom everyone was in agreement that oil would be up in a year so it was a no brainier to buy.
I use option monster and they put out notes to their customers. I have been in UWTI for a while and still short using DWTI on all big moves up. I tend to trade both sides of the same thing a lot when opportunity's is there GL
Billy it is way to warm for March. So much for the massive cold front all the way to the Mexican border Enjoy the snow while you have it.