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Re: ng...Hi Wayne

Just gettin' back to the regular routine the last few days after being diverted away by pressing family matters for a few weeks.

As for NG, yup, I had been projecting it to get to $5 or better by early summer, and it clearly didn't happen...so yup, I was wrong on that. I have no problem sayin' it. The NG chart ain't lookin' pretty from a bullish perspective currently, so you've been on point there. I liquidated my remaining call positions in UNG back on the last bounce last month ($11.30's) so I'm pleased to have avoided a serious drawdown there...one can call it good luck or fortune if they like, but I'm certainly far from broke in any event, lol. Currently just own two equity positions in the NG space that until the last few days were still profitable. Those are longer term positions that I may add to.

Anyway, not looking to get heavily long NG again at this point, but I certainly wouldn't consider shorting it in this area. Will just watch and wait for the moment.

In any event, just a quick update to let you and others know I'm still alive and kickin'...the reports of my demise have been greatly exaggerated, lol.

Best regards

PS: Good to see you keepin' everyone honest Wayne...always love yer no BS approach :)

Messages In This Thread

Re: ng...Hi Wayne