33 replies to this topic

[Mike]

While the recently released inventory levels were discouraging, I couldn't pass up the technical pattern in the charts below. Just before the close I bought at 15.22 and set a "Trade Trigger" to take me out if it breaks 14.99. Of course the market makers know there's a whole mess of us just under 15 so my chances of being taken out are high, nevertheless the pattern was just too good to pass up.

-MK

http://stockcharts.c...69674&r=321.png
http://stockcharts.c...77824&r=812.png

[inamosa]

I have a starter position which I will not sell. All my research on natural gas (especially using the inflation-adjusted price) indicates that it's the bargain of a decade right now.

Will wait to see some strength before buying anymore, though. Let it be guilty until proven innocent.

Reminds me a lot of oil not long ago:

[senorBS]

I have a starter position which I will not sell. All my research on natural gas (especially using the inflation-adjusted price) indicates that it's the bargain of a decade right now.

Will wait to see some strength before buying anymore, though. Let it be guilty until proven innocent.

Reminds me a lot of oil not long ago:

I started nibbling for the first time at the close on HNU. its the Canadian Horizons BetaPro Nat gas ETF. Bought at 1.92. I will buy lower if the decline continues.

BS is beautiful

Senor

[uncleharley]

That gap down looks like a runaway gap. I think I'll wait a few days.

[johngeorge]

IMO natural gas is a dead horse for now. Shale deposits are coming on line and providing tremendous amounts of cheap gas for many years. Donald Coxe is bearish now on natgas and gives his reasons HERE. Of course, he addresses Natural gas in the last 10 minutes of his broadcast so be patient or move to the end of his question answer period. Being a card carrying member of the Donald Coxe fan club my view is his view.

uc, I believe you have it right.....continued downward pressure on natgas pricing.

Good trading to all.

[dharma]

IMO natural gas is a dead horse for now. Shale deposits are coming on line and providing tremendous amounts of cheap gas for many years. Donald Coxe is bearish now on natgas and gives his reasons HERE. Of course, he addresses Natural gas in the last 10 minutes of his broadcast so be patient or move to the end of his question answer period. Being a card carrying member of the Donald Coxe fan club my view is his view.

uc, I believe you have it right.....continued downward pressure on natgas pricing.

Good trading to all.

i am w/you jg, i have a small starter ng position which i have not added to. the market has given me no reason to add. fresh new lows is an ominous sign. and the graveyards are filled w/traders who try to pick the bottom. i am very cautious towards this market. dharma

[Mike]

Dharma, if you're a trader and you see a great setup - you trade it. Picking a bottom is what investors do. As a trader, if I take on a setup and it later turns out to have been a bottom, that's iceing on the cake. And Johngeorge, Coxe, isn't a trader, he's a long term investor. I wonder how his new commodity fund, that bears his name, is doing; it opened to the public at the top of the commodity bubble last year. All those pre-open institutions that bought in are way, way underwater. But I like Coxe and listen to his weekly comments.
-MK

[dharma]

Dharma, if you're a trader and you see a great setup - you trade it. Picking a bottom is what investors do. As a trader, if I take on a setup and it later turns out to have been a bottom, that's iceing on the cake. And Johngeorge, Coxe, isn't a trader, he's a long term investor. I wonder how his new commodity fund, that bears his name, is doing; it opened to the public at the top of the commodity bubble last year. All those pre-open institutions that bought in are way, way underwater. But I like Coxe and listen to his weekly comments.
-MK

mike , its why i put on an ng position. however, the downtrend has not turned yet, so i have not added. the metrics w/the shale drilling has changed for ng, so we have to see @what price the bottom will be put in. i never add to a losing position. and that has served me well. dharma

[uncleharley]

Sigh. Traders call me aninvestor and investors call me a trader. I just can't find a friend.

[mss]

Sigh. Traders call me an investor and investors call me a trader. I just can't find a friend.

I am your friend and I solved that a long time ago. Join me as a POSITION TRADER.

mss