Monday, August 24, 2009

oil andnatty

I just dumped my UNG and should have traded out of my 2.74
If you have been reading the 11.75 was close to a break even for me but sadly Itwill is just not a pure enough play we really need that here because this indeed is a long term investment
The oct contact premium is contracting so tough to buy yet until after expiration
I will trade out of the natty contract I bought last night but I am trying to position long term long.
natty could be a winning vehicle buy at 2.74 selling at 2.90 is a money maker not much but it is not like you cant do 5 other things at the same time. so why not trade this.
The so-called experts are now calling for an indian summer are you serious these CNBC guys
said buy this same product at 3.75 saying the bottom was in I have the clip and guaranteed steel would be 35 -WRong! Also meteorologists would be the first to tell weather is perhaps the most inexact science of all The current price model even for October has a warm fall factored in
this could be like plugging in 0 volatility in your RIMM option model you get the point.