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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (21925)	5/14/2010 3:35:41 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 50437

re: Natural Gas/UNG.... I sold a few Puts for a trade, a week ago as noted here: Message 26516173 I can't emphasize enough, what solid risk:reward trades "Put sales" are for establishing an initial position. They're now up nearly +20%. I only took a small position. Two problems still exist for Natural Gas & UNG. 1. Overall market risk 2. Seasonality Here in the Great Lakes region of the Midwest, we've had a very cool spring. I haven't turned on the AC yet, and usually I have it running daily by mid April. We need some hot weather, and this market correction needs to play itself out before I'm ready to step in again for any large-sized trade. SOTB