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Msg  17930 of 17983  at  3/28/2023 8:14:04 AM  by

numbersman


 In response to msg 17929 by  guiltlesstrader
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Re: BOIL buy

   It's impossible to know the exact low price of BOIL but with the price of Nat gas so low that it must be very difficult for the producers to make a profit my thoughts are the price of Nat gas and BOIL surely must be very near their lows. Hedge funds have been shorting Nat gas and those shorting Nat gas and BOIL at these prices should realize they are playing with fire. My cost average on BOIL is around $4.00 so at $3.65 I couldn't get much of a cost average down by buying more so I'm going to hold for now. Taking profits on KOLD makes lots of sense to me.


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