New thread to break the curse..DGAZ running this am and NG looking like it may finally test 3.10 a break here should take us to $3.05 min..below that all kinds of scenarios that could see as low as 2.67 but that's not very likely considering we are almost to Nov.Im looking for an entry on a pullback but not sure I will get a good enough price at this point..shouldve snagged low 14s or just held.
EL NINO LOOMS though so never say never once under $3
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To remove first post, remove entire topic.
New thread to break the curse..DGAZ running this am and NG looking like it may finally test 3.10 a break here should take us to $3.05 min..below that all kinds of scenarios that could see as low as 2.67 but that's not very likely considering we are almost to Nov.Im looking for an entry on a pullback but not sure I will get a good enough price at this point..shouldve snagged low 14s or just held.
EL NINO LOOMS though so never say never once under $3
Wall or anybody reading please pull up the NG weekly chart..am I crazy here thinking we see $3??Production up,storage influx (while still low) has beat expectations 3 weeks in a row,warmer than normal weather expected..
I knew it was gonna bounce off 3.10 but all the way to 3.20??
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Wall or anybody reading please pull up the NG weekly chart..am I crazy here thinking we see $3??Production up,storage influx (while still low) has beat expectations 3 weeks in a row,warmer than normal weather expected..
I knew it was gonna bounce off 3.10 but all the way to 3.20??
As you know charting works best in a trendless market..so just a sideways boring market. I dont think you can connect trend lines and blindly buy or sell when the trend is choppy. If you think the trend is changing to your direction based on fundamental reasons then you can confirm that view and use support resistance lines but I'd be hesitant to just buy and sell off chart lines.
NG pricing isnt only regional even though the supply IS regional, it is influenced by crude because it can be flexibly used as a substitute if crude goes too high, so even though there is a MONSTER supply issue and will be for a long time, it does not mean pricing cannot break out for other reasons. If you want to use support resistance and trend lines then just buy in small pieces like we did in Forex and/or use stops to cut the losses. You know I hate stops though...lol
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buck,
As you know charting works best in a trendless market..so just a sideways boring market. I dont think you can connect trend lines and blindly buy or sell when the trend is choppy. If you think the trend is changing to your direction based on fundamental reasons then you can confirm that view and use support resistance lines but I'd be hesitant to just buy and sell off chart lines.
NG pricing isnt only regional even though the supply IS regional, it is influenced by crude because it can be flexibly used as a substitute if crude goes too high, so even though there is a MONSTER supply issue and will be for a long time, it does not mean pricing cannot break out for other reasons. If you want to use support resistance and trend lines then just buy in small pieces like we did in Forex and/or use stops to cut the losses. You know I hate stops though...lol
Thx for the reply Wall and that's exactly where I'm at right now with TA and choppy is an understatement as far as NG pricing the last month or so.We are on the same page as far as stops go,I will cost avg 99% of the time rather than take a loss,mom always said I was the stubborn one LMAO.
I see NG coming down to at least $3 if I'm wrong I will be stuck till spring or avg my way out,not in too deep yet but if they sink DGAZ this coming week I will be loading up all the way down.
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Thx for the reply Wall and that's exactly where I'm at right now with TA and choppy is an understatement as far as NG pricing the last month or so.We are on the same page as far as stops go,I will cost avg 99% of the time rather than take a loss,mom always said I was the stubborn one LMAO.
I see NG coming down to at least $3 if I'm wrong I will be stuck till spring or avg my way out,not in too deep yet but if they sink DGAZ this coming week I will be loading up all the way down.
Gamble asked a good question at the end of the last thread to Wall..how long have you been out and what's the level you wanna see before hopping back in?
Also found a few other REITs I'm interested in SNH ABR looking at GOV too..I'm going invest 10-15k into several of these soon prob about 60k total and see what I get in 3yrs.
Goose PRT has looked better than JRS since your post,good call.
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Gamble asked a good question at the end of the last thread to Wall..how long have you been out and what's the level you wanna see before hopping back in?
Also found a few other REITs I'm interested in SNH ABR looking at GOV too..I'm going invest 10-15k into several of these soon prob about 60k total and see what I get in 3yrs.
Goose PRT has looked better than JRS since your post,good call.
So does this bloodbath accelerate if Dems romp on Nov 2nd??
Almost jumped out of ESEA with profit but I still think some of these shippers spike...earnings calls coming
I dont mind the drop too much only things I have any substantial cash in are ACB and RNKLF.Will play waiting game until something that resembles a floor appears.
Still see NG coming down to $3,next trade here will be heavier, gotta make $$ somewhere.I will play Ugaz once I think Dgaz is done
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So does this bloodbath accelerate if Dems romp on Nov 2nd??
Almost jumped out of ESEA with profit but I still think some of these shippers spike...earnings calls coming
I dont mind the drop too much only things I have any substantial cash in are ACB and RNKLF.Will play waiting game until something that resembles a floor appears.
Still see NG coming down to $3,next trade here will be heavier, gotta make $$ somewhere.I will play Ugaz once I think Dgaz is done
Gonna mix it up today and nap pre market so I can spin a few trades if possible..got a bit of running today too.My oldest has an interview with the city,manual labor crap job but starting pay over $17 an hr and hes only 18 1st yr in college...and getting his foot in the door at this age cant hurt good vibes appreciated lol.
Show me more blood and I will flip some SQQQ today!!
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Gonna mix it up today and nap pre market so I can spin a few trades if possible..got a bit of running today too.My oldest has an interview with the city,manual labor crap job but starting pay over $17 an hr and hes only 18 1st yr in college...and getting his foot in the door at this age cant hurt good vibes appreciated lol.
Show me more blood and I will flip some SQQQ today!!
DFBG closed the deal announced this am..out at $5.50$..jumped early ran to 5.90 but I will take it...
Rolled that into ABR at 11.87..loading up on a few REITs today several of the ones I like have had small gains multiple days in a row and we are 2 weeks out on a few paying dividends no sense in waiting.
DGAZ cant decide which way it's going so far today
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DFBG closed the deal announced this am..out at $5.50$..jumped early ran to 5.90 but I will take it...
Rolled that into ABR at 11.87..loading up on a few REITs today several of the ones I like have had small gains multiple days in a row and we are 2 weeks out on a few paying dividends no sense in waiting.
DGAZ cant decide which way it's going so far today
My buddy kept telling me DFBG would be at least $5.50 before end of month..I mean over and over and over...(everybody take a look at their release and let me know what you think.)so I set a sell order not really giving it any thought.Ive got it on my watch list but the moves last few weeks being driven by like 20k daily volume.It popped and I was out before I even knew what happened..I just wish he had said $5.75 lol.
I love trading such a rush at times,def not as reckless as Ionce was though.Wanna swing a large chunk of D/UGAZ but it's something I will have to work my nerve back up to lol ..I dont like having over 6k in ESEA the chart is just awful looking right now.Ive had the chance to get out even a few times and let it go...would be different if this was a long hold but this is a pure gamble.Will prob take half off once even or +$ and dip into another shipping play.
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My buddy kept telling me DFBG would be at least $5.50 before end of month..I mean over and over and over...(everybody take a look at their release and let me know what you think.)so I set a sell order not really giving it any thought.Ive got it on my watch list but the moves last few weeks being driven by like 20k daily volume.It popped and I was out before I even knew what happened..I just wish he had said $5.75 lol.
I love trading such a rush at times,def not as reckless as Ionce was though.Wanna swing a large chunk of D/UGAZ but it's something I will have to work my nerve back up to lol ..I dont like having over 6k in ESEA the chart is just awful looking right now.Ive had the chance to get out even a few times and let it go...would be different if this was a long hold but this is a pure gamble.Will prob take half off once even or +$ and dip into another shipping play.
Gonna watch NG chart over night if it looks to hold this channel I will buy Dgaz sub 15s,would love 14.60s.Shouldve followed my gut and just flipped to UGAZ could sell right now for over 3%.This range has been nice and I havent ripped out nearly as much profit as I shouldve.
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Gonna watch NG chart over night if it looks to hold this channel I will buy Dgaz sub 15s,would love 14.60s.Shouldve followed my gut and just flipped to UGAZ could sell right now for over 3%.This range has been nice and I havent ripped out nearly as much profit as I shouldve.
Thx Goose..it ran to upper 15.70s but closed under 15.10..all the shorter time frame charts to me were saying it was coming down and UGAZ chart was turning up so I just took my small gain and will wait for a better entry in the morning
I loaded more ABR at 11.96,earnings Fri most think they beat and some thinking they possibly raise dividend..I've got right around 12k in this and its gonna be a hold for min 2 yrs.Still trying to decide on the rest but ABR was my fav and with earning this week and div soon just felt I shouldnt wait any longer on this one.
DFBG is a head scratcher to me..how do they purchase what essentially adds up to over 2 billion in annual revs for 1.2 billion with a float under 80 millionashares and not see the share price go nuts today.I realize they have that purchase price now as a debt needing to be paid but wouldnt this eventually mean the stock is almost $30 a share just on revs??
Need help here as I'm mainly just a chart guy but I clearly must be overlooking some important detail cause if not I will have to buymback in and just tuck them away for a few qtrs until rev #s coming rolling in..$30 would just be a P/E of1.if the rev #s hold true..not sure what is standard in this sector.
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Thx Goose..it ran to upper 15.70s but closed under 15.10..all the shorter time frame charts to me were saying it was coming down and UGAZ chart was turning up so I just took my small gain and will wait for a better entry in the morning
I loaded more ABR at 11.96,earnings Fri most think they beat and some thinking they possibly raise dividend..I've got right around 12k in this and its gonna be a hold for min 2 yrs.Still trying to decide on the rest but ABR was my fav and with earning this week and div soon just felt I shouldnt wait any longer on this one.
DFBG is a head scratcher to me..how do they purchase what essentially adds up to over 2 billion in annual revs for 1.2 billion with a float under 80 millionashares and not see the share price go nuts today.I realize they have that purchase price now as a debt needing to be paid but wouldnt this eventually mean the stock is almost $30 a share just on revs??
Need help here as I'm mainly just a chart guy but I clearly must be overlooking some important detail cause if not I will have to buymback in and just tuck them away for a few qtrs until rev #s coming rolling in..$30 would just be a P/E of1.if the rev #s hold true..not sure what is standard in this sector.
Revenues really dont matter in this case because the margins are bad...so if a company has a BILLION in revenues but the profit margin is lousy, you have to discount the revenues because the profits from those revenues are so small.
That company has only 5M in cash and 80M in debt, on that 160M in revenue they are not making real earnings. they are just a yearly cash drain with debt going up every year to finance operations.
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buck,
Revenues really dont matter in this case because the margins are bad...so if a company has a BILLION in revenues but the profit margin is lousy, you have to discount the revenues because the profits from those revenues are so small.
That company has only 5M in cash and 80M in debt, on that 160M in revenue they are not making real earnings. they are just a yearly cash drain with debt going up every year to finance operations.
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