iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,441 Blog Posts

Fly Buy: UNG

I bought 10,000 [[UNG]] @ $12.44.

Disclaimer: If you buy UNG because of this post, the next time you hire a contractor to do work, he will take your deposit and never return for work. And, you may lose money.

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64 comments

  1. banker

    is this all the bulls could do? just 1 day? i am sorely disappointed in youz guyz

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    • Yogi & Boo Boo

      Patience grasshopper. We’re caught between the 20 MA below and and the 50 MA above. Maybe go to the beach, go fishing, or reposition for the next leg up. Go have a Mojito, a mint julep, or some other fine cold beverage.

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    • TheArtist

      wait till thursday……

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  2. masterpain

    Look at DTO last time when oil was at this level it was in the 70s. I think a lot of people playing energy to the downside .

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  3. Wolfschanze

    Actually if we get a flat day like today acting as the consolidation for yesterday’s gains it could be viewed as a bullish sign

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    • venim

      it could also be viewed as a doji signaling a reversal….

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  4. toobusytotrade

    i agree with the UNG trade – just wish there was a better place to play the natural gas bottom. I like SWN and FST. Highly leveraged on gas and run with the low costs.

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    • Captain Anarchy
      Captain Anarchy

      Have you looked at FCG? It’s a thinly traded ETF of NG producers. On average, it’s gains have been better and losses shallower than UNG in the past two years.

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  5. Aris

    is michelle caruso cabrerra the stupidest broad i’ve ever heard?

    yes, aris. she is.

    thanks.

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  6. OO

    DVN for natty.

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  7. Ring

    .

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  8. TheArtist

    I’m falling asleep over here…….

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    • Wolfschanze

      Its days like this that remind me why I don’t trade as my main income source. $1.5 amplitude in FAZ tells it all.

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  9. dumas

    Get yours while they are free!
    http://dodusbag.blogspot.com/2009/07/dennis-kneale-is-that-dumb-free-t-shirt.html

    TIG, in a parallel universe.
    Dennis Kneale fondles cats. And is an asshat.

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    • TheArtist

      do you end up with a random size picked out by a mexican lady in a basement?

      and while you are at it might as well print:

      * Dennis Kneale is an Idiot (classic)

      * I Stopped Watching CNBC Because of Dennis Kneale

      * Dennis Kneale Fondles Cats

      * Dennis Kneale, Asshat of the Year

      * Dennis Kneale, Yes, That is his REAL Name

      more developing….

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      • Generational BOTTOM Picker
        Generational BOTTOM Picker

        I asked Dennis for some service. Watch Dennis Kneale.

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  10. StocksRider

    Read between the lines and the picture ain’t pretty from long term perspective http://www.businessinsider.com/goldman-heres-why-were-still-hoarding-our-capital-2009-7

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  11. Mushroomz

    Everyone remember to make fun of France today!
    http://tinyurl.com/mnso35

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  12. TA

    Love the Nat Gas trade, hate UNG since the government started getting involved last week. No idea what they are planning but I don’t want to be there.
    Playing via Coal and Nat Gas companies instead

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  13. TheArtist

    EXM EGLE in play…..

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  14. Anton Cigur

    Fly,

    Just saw the Kneel & Vince commercials for iBC.

    Outstanding.

    One of favorite old Smashing Pumpkins songs on the ShamWow spot, too.

    Please post the “Cease & Desist” order from cnbs when it arrives.

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  15. Richie

    OPWV- ascending triangle, late date breakout coming. What do you think??

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  16. Capt. crack

    so your buying nat gas along with joe teranovas 25th nat gas bottom call dusch bag

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    • Richy

      You’re Capt Ass Crack, you’re talking bollocks.

      Get it?

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  17. Cash-N-Guns

    VCI..catching a bid…perhaps ENTR will follow….

    AGEN & MRNA as long ideas…own all of the above….

    short CNBC, and all their chubby pig skank dumb female shit-tards..(happy now jake…?)

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    • Granpa

      Cash-N-Guns, I’ve been waiting for you to make your Sotomayor comments before you become just Cash.

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      • Cash-N-Guns

        that stupid wash beaner wash woman..who hasnt seen a dick in decades, reminds me of that crazy house keeper in the Jack Nicolson movie(As good as it gets0…go sell crazy somewhere else you fucking Mexican ….

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      • TheArtist

        Cash-N-Blow Darts?
        Cash-N-Sling Shots?
        Cash-N-Base Ball Bats?
        Cash-N-Bowie Knives
        Cash-N-Rocket Propelled Grenades?
        Cash-N-Short Range Missiles?
        Cash-N-Landmines?
        Cash-N-Dynamite?
        Cash-N-Rat Poison?
        Cash-N-Arsenic?

        lots to choose from as you can see……

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  18. WannaBeInvestor

    Incredible that I buy TSE:GAS the day before you go and do something like that. I’m either lucky or learning.

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  19. Teahouse On The Tracks
    Teahouse On The Tracks

    My big dicked gains today courtesy of:

    EXM +20.5%
    USU +15%
    YRCW +12.6%
    TTHI +7.5%
    FRG +7.4%

    Added MPEL & UNG

    Hedged via SRS, TZA & FAZ

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    • Woodshedder

      congrats. My shorts went up and my longs went down.

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      • Teahouse On The Tracks
        Teahouse On The Tracks

        Sounds like your wife said no otherwise for mechanical trouble may I suggest Cialis?

        My hedges were down cept for a tiny gain in FAZ … gold and o/g did ok too as well as SIRI, odd no?

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        • Teahouse On The Tracks
          Teahouse On The Tracks

          Sweet! Another 18% gainer AH with GY … Great day here despite my bearish hedges!

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  20. StocksRider

    As I said yesterday the market will continue its chopfest. Continue it did. As I said yesterday, GS’s surprise should not really move the stock much to the upside. And so it happened. I say today – the chopfest will continue and the risk is more to the downside. I bought SPY Aug 90 Puts for 2.61 right into the close. Got a good price so could not resist. Just a short term play over the course of this week and early next week. Will sell it as soon as I achieve my profit objectives.

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    • Woodshedder

      I’m joining you short the SPY.

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      • blah

        hmmm bad timing market is up after the close

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        • StocksRider

          Timeframes are relative. If you are talking about a 24 hr timeframe, this was indeed pathetic timing. But this week should see lot of choppiness – wait till the weekend and see what happens. I maybe early on my trade. But that is why I buy options at least one to two months out and sometimes I buy leap options.

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          • Captain Anarchy

            Consensus I’ve seen indicates that 911 +-2 is the line in the sand for either a breakout or turnaround. Things seem nutty out there. On on hand, technical conditions for a drop on S&P with it looking overbought – on the other hand bullish signals on commodities and possibly drop in the dollar could turn that around.

            Chop is the only given. I’m staging into a short position, but planning on ejecting if 914 is breached.

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  21. punyandy

    INTC seems to have kicked the shit out of estimates. Revs and earnings both well above estimate. Fuck you bears, you are indeed dead.

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    • punyandy

      Check out SMH after hours. Options expiration this week. All adds up to a big fuck you bears, indeud. Unless I am wrong, which would make me very sad.

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  22. StocksRider

    INTC halted in AH! But Qs rallying hard. My newly bought SPY puts could suffer tomorrow. But if Markets go up tomorrow they will be down in 48 hours. Guaranteed! If they indeed go up tomorrow I will add to my prior short position on SPY

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  23. Needle dick the bug fucker
    Needle dick the bug fucker

    FLY what do you think about NGS natural gas services

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  24. OO

    Funny how no one is talking the end of the world now. It was much different a week ago. We live in a ADD, have it now, need it now society.

    “Shit, I’m a bear, no wait, I’m a bull. No wait, I think it’s going lower, but my 5 minute chart is showing bullish signals. I’m out. Sold too early. Buying back in if it goes lower. Shit, too low, I’m shorting this fucker.”

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    • TheArtist

      No one is talking….but I am prepared……just in case.

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  25. 308

    some technical note on the semi’s..

    Technical Analysis story about INTC, SMH
    This is a note to refresh levels noted from the technical preview piece from July 13th. Support is currently at $17.98, $17.71. Resistance levels to watch as potential upside objectives are at $18.26, $18.59, $18.91, $19.23, $19.56, $19.88, $20.22. The Semiconductor Hldrs Trust (SMH) is also moving on the positive earnings reaction as Intel is a 23.3% weight in the ETF. Resistance levels to watch as potential upside objectives are at $22.95, $23.30, $23.72, $24.15, $24.66. This is a range breakout for the SMH, with the $22.30 area prior major resistance, now support.

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    • TraderCaddy

      Good info.
      I previously said the equipment makers would be good buys but alas I am a daytrader.
      One small problem with SMH that I see (where it could underperform some of the individual components) is that TXN makes up a good % of the SMH (along with AMAT and INTC) and I believe INTC may be providing some competition with TXN after the buyout of Wind River.
      I am a bit curious how DELL says business isn’t all that good but INTC says it’s all good. Perhaps it has better margins on that Atom chip with those NetBooks.
      Just a thought or two.

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