re: BOIL has become predictable

"What are you long in, and what is your average price?"

I've had UGAZ at 25.15 since 6/20/14, down 45%, lost so much now, I was just going to hold till spring and hope for the winter prices to bail me out.

I tripled my position yesterday at 14 hoping for a short term pop to get some of my losses back.

I know supplies have increased dramatically in last few years, but UGAZ seemed to have a pretty solid bottom around 14. I guessed everyone was selling to that support prior to the release this morning, and after the no-news release, it would pop for an 'easy' 10-20%.

WRONG

I've got a trailing % stop on the new shares and will hold the old ones till I get even or lose it all

ETA: My avg cost on all shares is now 17.34.

I generally have zero faith in chartists or technical analysis, but this seems a pretty solid bottom