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Thursday, August 28, 2008
Gustav and UNG
Added UNG @ 37.6
Gustav looks like it will be causing problems IMO. It's a bit of a gamble, but I like the odds at this point and the storm has not been factored in yet.
I in pretty deep on this one so it better go back to 40 soon
Think again, we have a long weekend and odds say Gustav will cause problems - Labour day historicly calls for high oil prices, and if Russia steps up the conflict Europe will get nervous about nat gas as they get a sign. amount from Russia
Hello Joe come to visit you over here while i wait for MMTE to explode out of this triangle. After that may diversify into other picks. Will stop by more often in the future.
Added UNG at 36.88
ReplyDeleteI in pretty deep on this one so it better go back to 40 soon
Think again, we have a long weekend and odds say Gustav will cause problems - Labour day historicly calls for high oil prices, and if Russia steps up the conflict Europe will get nervous about nat gas as they get a sign. amount from Russia
If Gustav tracks right towards N.O. nat gas will tack on 10% + in a hurry.
ReplyDeleteOf course, as soon as I bought at 36.7, it dropped a dollar...
The gains in this one will be realized Tues next week.
Here's a front seat view of the Mexican culf - click trop pts and see where gustav will go
ReplyDeletehttp://www.ssd.noaa.gov/goes/east/gmex/loop-avn.html
Here's another link to forecasts of Gustav's fare
http://www.nhc.noaa.gov/graphics_at2.shtml?5day#contents
Hello Joe come to visit you over here while i wait for MMTE to explode out of this triangle. After that may diversify into other picks. Will stop by more often in the future.
ReplyDelete