RE: quick $2K betting on fundamentals
I stopped out of HND this morning at 16.80. Watching prices get to 8.60 I thought I had really made a seriously wrong decision.
With that done, are you really bearish on Nat Gas or do we turn and head for $9 - $10 as J Schacter sees prices going... or was it Peter Hodson... can't remember.
We are headed into the consumption season.
Storage report shows a little higher than last week but lower than last year. It would appear that drilling and production are catching up as opposed to last year where they had fallen off for a long time with Gas trading between $5 - $7...
Again, not trying to spout off like I know something. I'm asking for opinions and parroting what I hear on CNBC and BNN talking heads shows that I watch daily. I certainly can't talk like an expert even if it appears that I am trying to.
I think some of you hear watch this stuff like an eagle eyeing a salmon and have a way better feel for the forecast.
Thanks in advance.