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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (8316)	8/19/2008 7:28:54 PM
From: skinowski	Respond to of 41547

LOL... after today's action maybe it's better that I still have those shares. Not far from breakeven right now... will give it a chance. Generally, sentiment on energies, especially Nat Gas is excessively bearish. Commercials are long NG, specs are short. Bought some UNG yesterday, sold some Sept puts. Same for USO. So far OK... may add if they do develop a bit of a rally. Was short UGA, but now it is beginning to look like a long.... with that wedging down action (on 130 min) and bullish MACD/RSI divergences over the past few weeks.