ProShares Ultra Bloomberg Natural Gas Stock Discussion

71698736 : Check, Below 10-

Rocket everyday : Good, but don’t go back in.

I Am 102927471 :

Space Dust : you couldn't have picked a more premature time to ' take profits ' . what indicators are you using? you sold right before a price rise that any blind person could see

Space Dust : $15 would be a hopeful guess. none would be disappointed if that plays out.

DiMoney OP Space Dust : How much of this target is based on hopium analysis?  Is this a good entry point?

加油加油吧 : Will it go up to 15? It's a bit difficult

Space Dust 加油加油吧 : that's where the green cloud is.
one week after weather reports say there could be a cold winter.. the price will move.

Phoenix Nguyen : I am still holding at price $27.65. I thought it would bounce back 35 at least or higher but it keeps bleeding to under 10

Space Dust : at least I don't feel like a bum all by myself if it doesn't work out buying this dip.

Space Dust : this stock is competing against itself at limbo.. how low can you go.  

Dr DT : Your comment is absolutely correct.  BOIL may still go down a bit but it is hitting support so there should be quick rebound back to above $9.  Just need to have a bit more patient and I believe should have nice profit.  I bought BOIL yesterday at 9.65 and my target is 12~15.  after that there should be a much bigger drop.  Current natural gas chart is forming a MA pattern.  Meaning up then down.  So this is not a long term hold.  Wait for the bounce up then take profit and exit.  Can consider short after.

Dr DT Dr DT : As I expected, we saw BOIL dropped around 5% in early trading today but then a major reversal up over 7% and market closed at over 6% gain.  I am still holding it and will let it ride to at lease above 12.  This is a nice quick profitable trade with strong rebound as natural gas hits major support.  Cheers.