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re: BOIL has become predictable

Posted on 4/17/14 at 11:07 am to
Posted by TigeRoots
Member since Oct 2008
8505 posts
Posted on 4/17/14 at 11:07 am to
quote:

I want to add more but I'm starting to doubt this trade.


What are you holding? Getting smoked on KOLD and DGAZ here.
Posted by L S Usetheforce
Member since Jun 2004
22741 posts
Posted on 4/17/14 at 11:08 am to
Just be patient........I've sold many times cutting profits by panicking.

let's see how it holds in June and July.
This post was edited on 4/17/14 at 11:10 am
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 4/17/14 at 11:10 am to
Cash price and futures prices are way disconnected right now. I'm shorting more Natty Gas this morning.
Posted by L S Usetheforce
Member since Jun 2004
22741 posts
Posted on 4/17/14 at 11:11 am to
quote:

Cash price and futures prices are way disconnected right now


And I've learned this more than anything is the real story.
Posted by TigeRoots
Member since Oct 2008
8505 posts
Posted on 4/17/14 at 11:13 am to
quote:

Just be patient


Oh no doubt. I'm not going anywhere.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 4/17/14 at 11:13 am to
Well Force Be Used Against Weak B1G Teams by Superior (for reasons not stated) SEC Teams Man, I'm following you on this, and I have a fairly sizable bet you are correct.
Posted by L S Usetheforce
Member since Jun 2004
22741 posts
Posted on 4/17/14 at 11:21 am to
I can tell you in the natural gas game when it rains it poors........I've seen KOLD drop 30 bucks in week and gain 40 in 2..............

I've seen UNG sit at 20-21 for 3 months and then a month later its 24.
This post was edited on 4/17/14 at 11:24 am
Posted by econ85
Member since Nov 2012
572 posts
Posted on 4/17/14 at 11:23 am to
I'm in UNG July puts.
Posted by TigeRoots
Member since Oct 2008
8505 posts
Posted on 4/17/14 at 11:28 am to
quote:

gain 40 in 2


Here's to Deja Vu!
Posted by L S Usetheforce
Member since Jun 2004
22741 posts
Posted on 4/17/14 at 11:33 am to
This article adequately explains what happend to UNG this week..........and the futures market.

LINK

And here is another

LINK
This post was edited on 4/17/14 at 11:40 am
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 4/17/14 at 6:15 pm to
UNG is leaving money on the table with their pending trades, so although the author that states it's not as expensive to roll is correct, it is still expensive.

I didn't buy more puts toddy, although I should have. The market was crazy, and I was fixated on some other trading issues.
Posted by TheIndulger
Member since Sep 2011
19233 posts
Posted on 4/17/14 at 6:47 pm to
I just noticed predictable is spelled wrong in the title
Posted by TigeRoots
Member since Oct 2008
8505 posts
Posted on 4/17/14 at 7:27 pm to
quote:

I just noticed predictable is spelled wrong in the title


Wow. Never noticed that.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 4/17/14 at 10:23 pm to
I don't care how he spells. He seems pretty smart to me, and all I care about is natty gas declining bu July expiry.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 4/21/14 at 7:34 am to
Cash price took off last night, July contracts trading this morning at 4.815, and I'd expect going up all day.
Posted by TheBigHurt
Houston
Member since Feb 2010
2378 posts
Posted on 4/21/14 at 2:49 pm to
I know the whole storage issue has been a hot topic. Couldn't we acquire gas from Canada if we were really worried about filling up to normal storage levels?
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 4/21/14 at 7:21 pm to
We have more than enough to fill to normal storage levels, but the last report showed it wasn't filling storage quickly enough.

The bears are still hopeful based on this supply, and the bulls are hoping for an extremely hot summer, making the supplies continue to increase more slowly than normal.

Right now the US is a NG importer. And we are talking about exporting up to 60% of what we produce. NG is still too low for shale to have any sort of impact.

This is my understanding of where we stand.
This post was edited on 4/21/14 at 7:23 pm
Posted by L S Usetheforce
Member since Jun 2004
22741 posts
Posted on 4/22/14 at 7:23 am to
I posted an eia report expecting a record injection season.
Posted by TheBigHurt
Houston
Member since Feb 2010
2378 posts
Posted on 4/22/14 at 2:52 pm to
I hope that the record injection EIA report is right on... I have had a tough time trusting the government though. Wouldn't producers benefit from dragging out the injections, keeping gas prices high (making more money?)

I'm hoping for a cool summer (less gas used for electricity / power grid) and record injection as I am pretty heavy in DGAZ around 3.70 in my fidelity play fund. Hope to see 7-8 dollar levels come July/Aug.

Hopeful! LEGEAUX!!!
Posted by L S Usetheforce
Member since Jun 2004
22741 posts
Posted on 4/22/14 at 3:34 pm to
It is a double edged sword Hurt, you can drag out your injection and lose profit and current price or you can pull as hard as you can to make record profits.
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