knurbs wrote:KENA- I have been wondering the same thing. I suspect it's because if you look at the historical range UNG appears to be at a bottom. I am with you. Would not trade this or any NG stock for that matter. It's at an all time low because there are huge inventories that continue growing. I really don't see UNG getting any traction for the foreseeable future. Way better trades out there.
that's very impressive rebound, should be more, at least 2 legged up.
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My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
knurbs wrote:KENA- I have been wondering the same thing. I suspect it's because if you look at the historical range UNG appears to be at a bottom. I am with you. Would not trade this or any NG stock for that matter. It's at an all time low because there are huge inventories that continue growing. I really don't see UNG getting any traction for the foreseeable future. Way better trades out there.
UNG long term accumulation yes, short term trade not so fresh. cash rich item on a scan.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
testing the Friday's high. volume surge, I think we'll see a pullback or consolidation here otherwise the breakout would be just a head fake as it travels too long to do the breakout, need take a breath first.
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TWT wrote:SPX: without a move below 1352 this "joke" of EDD or whatever .... has more room to the upside target range 1371-1381
(thewavetrading.com)
Thanks for your stuff on SMH this weekend. I try to find the weakest stock in the group but was lead to the storage group which had several weakies. I bought some puts on BRCD this AM. Thanks again for your work and good luck. GLTA jimme
Last edited by jimme on Mon Feb 27, 2012 12:28 pm, edited 1 time in total.