I’m a little crushed this morning in spite of a 10% TZA position. See, I’ve been BOIL’d alive in natural gas, amongst others. I’m quite heavily long oils and they’re trading poorly in this down tape. Normally, if I’m down a bunch in leveraged non core positions I’ll sell them. But with BOIL I made an exception and added to it. I added to it, not out of stubbornness or an irrational desire to see EUROPE FREEZE this coming winter, but because I genuinely believe natural gas is cheap in the low 2s.
After all, I have nothing against Europeans. I’m sure they’re assholes just like here in America, only with accents.
Bears might be tempted to lean heavily here and peer into the pot below. BE CAREFUL! If you tip too heavily you might fall right into the boiling grease. Buying morning dips is an American pastime, just like looting Walmarts to the last pencil or milking scorpions for the expensive liquids. This is standard stuff.
I’m down 1.7%, very displeased and quite chagrined.
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Gas is cheap and in the fullness of time, this price will seem like buying Apple at it’s IPO price.
Gas is cheap and in the fullness of time, this price will seem like buying Apple at it’s IPO price.