Going back in August, yeahhhhh

[IRockNvegas]

Irock - another industry that treated me well in '04 - '08 was oil. I don't think oil heading to fast upwards anytime soon as it is hoovering around $70 and the $ is becoming more and more worthless...but take a look at nat. gas stocks. Here's a 10 year trend line on historical nat gas prices.

http://futures.tradingcharts.com/chart/NG/M

I firmly believe nat gas will rise back up in the near future.

looking at that chart, doesnt look like nat gas can go much lower, could a strong dollar affect nat gas prices?

[xtrmski03]

looking at that chart, doesnt look like nat gas can go much lower, could a strong dollar affect nat gas prices?

It could, much like oil...but I'm not banking on a stronger dollar in the near future (less than 6 months). As you mentioned, nat gas typically goes up in the winter months, but spot prices in the futures market will jump much quicker. Due to the economic conditions along with abundance in nat gas, the prices have stayed low (much like when oil was around $40/barrel). Oil quickly jumped to $70 with no real change in economic conditions as summer rolled around and I predict the next 6 months to be much the same w/a jump in nat gas.

Take a look at the spot prices (note that July delivery is climbing and to your point, if this Dec-09 can climb to $6-$8, it's a quick double/triple up depending on if you're leveraged):

http://tonto.eia.doe.gov/oog/info/ngw/ngupdate.asp

If nat gas begins to turn and volatility (specific to nat gas) also flips, the stocks/options/futures will do much the same. Just do your diligence b/c many of the stocks/options seem to have the volatility already priced in.

Cheers and good luck

[Cisco419]

So... August... yeah!!! lol you damn thread hijackers!!!

[dnix]

WTF? Are yall speaking english??????? lol

[IRockNvegas]

Well I'm just actin like I'm smart

[nyc2vegas]

Well I'm just actin like I'm smart

hahahaha yeah I just copied and pasted what you said into google and it leads back to daytrader.com LOL

[IRockNvegas]

Really? Maybe I am smart cause I came up with all that sheeit! well I compiled it after doin a little research.

[nyc2vegas]

Really? Maybe I am smart cause I came up with all that sheeit! well I compiled it after doin a little research.

nah just screwin around

[IRockNvegas]

Hey hot 4 and ski read this

http://www.prweb.com/releases/2009/06/prweb2537224.htm

last Friday I putt money on the sidelines

looking into faz, skf and dxd.

[xtrmski03]

Hey hot 4 and ski read this

http://www.prweb.com/releases/2009/06/prweb2537224.htm

last Friday I putt money on the sidelines

looking into faz, skf and dxd.

Be VERY careful with FAZ and watch it on a day to day basis as it resets itself daily. Take a look at the chart for both FAS and FAZ (both trending towards zero).

http://finance.yahoo.com/echarts?s=F...urce=undefined

The reason is b/c if the fund gains 30% in 1 day, say from $10 to $13, and the next day the fund loses 30% in 1 day it goes from $13 to $9.10. From my understanding, the fund try to get 30% gains daily and shuts down for the day if that is reached...the same goes if the fund loses 30%. So if there are as many days of 30% gains as there are 30% loses, mathematically, it trends downward.

My buddy sent me an article on FAZ and why its a short sellers dream. Take a look.

http://bespokeinvest.typepad.com/bes...ers-dream.html

Haven't researched much on SKF or DXD but I will let you know my thoughts once I get to the research.

[dnix]

I wish I could understand that shit, cause I actually have some $ to invest, but I dont have $ for the learning curve. lol

[hotforvegas]

Whaz up!!! been away for a little bit. Looks like the boards have caught fire? Did some vacationing at Walt Disney World (barf, puke,....). Dont plan on going back any time soon.

There have been some changes to our upcoming Vegas trip. Unfortunately, we had 8 people scheduled to go but only
four (2 boys 2 girls) of us will be making it out. Times are tough in Michigan. We are flying on 7/30 and leaving on Monday 8/3 (My BDAY).

We are now staying at the Mirage. Decided to spring for a two bedroom penthouse suite (WTF!! u only live once right??)
If anyone wants to hook up for a table at Moon on 8/1 or wants to hook up for a party at the suite let me know and I will get back with you.

[B]ITINERARY[/B]

Thursday 7/30
arriving at about 9:15pm; have a table at Tryst via Patrick

Friday 7/31
Ditch Friday (no cabana for only 4 ppl) possibly a day bed.
Am double booked at XS and Pure. Not sure which at this point. May hit 9pm comedy stop at Sahara

Saturday 8/1
Double booked at Moorea (day bed) and Wet Republic (day bed). Had a great time at WR last time but was thinking of something fresh.

Table at Moon

Sunday 8/2

Bare at Mirage
Table at the Bank

Monday 8/3

Departing at about 1130am
Should be pretty depressed on my B Day at this point


Again, if anyone wants to hook up let me know and we will see what we can do.

[uejjap]

^^ sounds like a great trip hot4... I'll be there for the same days, perhaps I'll run into you.

as xtr was saying, I would never hold double/triple etfs over the long term. trade them if you must, but if you find yourself in a situation where the underlying asset is fluctuating up/down frequently, even if the asset has lost zero value, your fund will be down. SKF is the same, along with SRS, FAZ, HOU, ect.ect.

[ERich]

Saturday 8/1
Double booked at Moorea (day bed) and Wet Republic (day bed). Had a great time at WR last time but was thinking of something fresh.

Table at Moon

Again, if anyone wants to hook up let me know and we will see what we can do.

Shot you a PM about saturday night!

[hotforvegas]

Leaving in about 5 hours. Hope to check in at Mirage and then off to Tryst for our table. Should be a great trip. I promise a trip report upon returning with pics. Take care