Not listening to hype or news anymore. Going with what worked for me in the past. The charts never lied to me. Going back to what worked. All in. GLTA.
I buy the FSNGX Fidelity Select NG fund. Planning to hold for at least 90 days and sell late January or early February before the heating season plays out. However, if we begin exporting NGAS in earnest to Europe, there may be another reason to hold for sustained growth. JMHO.
Hydrocarbons will be in big demand this winter. Heating oil and NGAS should also do very well.
Momentum in oversold territory. Time to buy when everyone is running the other way. o more dry powder. Rest of my 25% went to NGAS. I'm in at $71 and change average territory. Bull run to EOY. Christmas will be good this year!
I don't believe anyone got this one right except those who orchestrated it. Just didn't have a good feeling about it all. Too many clues in the media. But, I'm not convinced this will last months; acting like a coiled spring. We're over sold, Look for a roaring comeback from this sector. JMHO.
Saudi's know how to shut down expensive American production and deal with the competition. I'm in Houston now, and you wouldn't think demand is down looking at how congested the freeway and Interstate traffic is.
A correction has been predicted for months. I still feel good with my positions. Got into Energy Services too soon, but in a good position with NGAS and fair position with RDS. Got 40% bonds so it will all even out. Still expect a comeback year end. This is all about the mid-term elections, and a little about over supply. I bet you don't know who will take the credit for that. JMHO. GLTA.
Got out at $21.80. Moving investing $ to NGAS in preparation for a winter run. GLTA.
Got enough into RDS. Putting more into NGAS today - FSNGX. Waiting for Frosty the Snowman!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Winter is a coming with a vengeance. NGAS will be up for a healthy gain year end or in January. Farmer's Almanac predicting a colder than normal winter. Buying up NGAS stocks. GL.
RDS holding firm, while domestic oil companies take a dive. Domestic Energy Companies and NGAS providers still in downward spiral. Holding off for now.
Ray, I don't know how this correction can sustain itself if we have a big demand on energy over the winter. The last correction had no winter to speak of. This winter is forecasted to be unusually harsh and cold, especially in the North East. I'm betting on NGAS shares being up starting late November when the report hits the market and temperatures confirm it. I may have added incrementally a little too early, but still have some dry powder left. It's a toss up between RDS and NGAS where I place it. Both have equal potential returns, however, RDS has the European recession looming over it and may limit it's recovery over time. My thoughts.