Trades with cats wrote:DRYS as I said yesterday proves you should never short a thinly traded stock, especially if it looks like a sure thing for bankruptcy. Just because they dump the hulls that have a little equity and it's off to the races.
I know… that's just nuts.. almost up another 100% today at nHOD 83+ so dangerous...
If you want to watch oil fireworks this I think is a pretty good free guide. Note that Angola and Libya are up 1 million barrels a day over September. But do not underestimate the skill of the Saudi PR machine over the next two weeks. They will squeeze some shorts for sure. http://blog.clipperdata.com/mo-gopec-than-nopec
NatGas trading is called "The Widow Maker" for good reason.
Bottom line is always the same this time of year. After the AC season is over and before heating we actually get an idea of demand. Then it is look at long term winter weather forecast verses the weekly injection into storage number and place your bets. Repeat next spring. But with Cherny Energy starting more liquefaction trains (exports to the world) and the next administration backing off on eliminating coal fired power plants it could get crazy over the next couple of years. Oh! don't forget T. Boone setting up nationwide nat gas refueling for semi-trucks.
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