Dropping back down,, close to the 8 range.. Buy some there, if it goes lower add more... and lower add even more.
We have bitter cold conditions now, That will change in mid Jan2014.. Nat gas will have its ride up then .. slowly peel downward..
....Storage report given today was below estimates. They are thinking that the next 2 reports will have a heavy draw... Hence the rise in Nat gas prices .. But that will be balanced out when they get a load of the warming trend coming in mid Jan...
NOW is the time to build a position, not when nat gas drops.
Stay tuned.... If u buy now buy easy... then be more aggressive as the price drops in DGAZ, if that should happen and all likely hood it will....
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To remove first post, remove entire topic.
Dropping back down,, close to the 8 range.. Buy some there, if it goes lower add more... and lower add even more.
We have bitter cold conditions now, That will change in mid Jan2014.. Nat gas will have its ride up then .. slowly peel downward..
....Storage report given today was below estimates. They are thinking that the next 2 reports will have a heavy draw... Hence the rise in Nat gas prices .. But that will be balanced out when they get a load of the warming trend coming in mid Jan...
NOW is the time to build a position, not when nat gas drops.
Stay tuned.... If u buy now buy easy... then be more aggressive as the price drops in DGAZ, if that should happen and all likely hood it will....
Hit a high of 10.50 on jan9th 2014.. so if u bought DGAZ around 8 you have a 2.50 increase in your share price...
If you want a long 3 times ETF then UGAZ is the play... I had 17,000 shares of DGAZ averaged at 8.60 sold all on Thursday on the rise ,,, pulled down ---------------$26,345.00 beans!
Again I sold all, and if dgaz wants to drop back down again I will start building a new position... A huge draw report is predicted this week on Thursday of 300. report come out at 10:30..
Nat gas has taken a hit, from a high of 4.45 and closed at 4.00 on Jan9th...hence the rise in DGAZ....
Note the drop in UGAZ.... a long position...
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Quote Originally Posted by gfinger:
Nat gas is a terrible play. Be careful.
DGAZ , is a 3 times ETF SHORT nat gas.
Hit a high of 10.50 on jan9th 2014.. so if u bought DGAZ around 8 you have a 2.50 increase in your share price...
If you want a long 3 times ETF then UGAZ is the play... I had 17,000 shares of DGAZ averaged at 8.60 sold all on Thursday on the rise ,,, pulled down ---------------$26,345.00 beans!
Again I sold all, and if dgaz wants to drop back down again I will start building a new position... A huge draw report is predicted this week on Thursday of 300. report come out at 10:30..
Nat gas has taken a hit, from a high of 4.45 and closed at 4.00 on Jan9th...hence the rise in DGAZ....
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