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Re: Ronbo - NatGas Forum/ S
In Response To: Re: Ronbo - NatGas Forum/ S ()

Hey Ronbo!!
No, I am out of Natty.
Your option buying strategy makes good sense - that's how Trades nails the strangles and wins.He sneaks up on them when they're not looking and sells when they get excited.
If it hits the $ 4.00 area, I would be interested and buy with a tight stop.
BTW nice play in Silver!!!!! I was following your trade and was wondering when you were going to bail.
The $50.00 area was so hyped - I think that a lot of traders had stops at that point - so many of us remember the Bunker run up to $50.00 and the collapse.
Of course raising margins helped pour cold water on SL. I read where a couple of banks (J.P. Morgan for one) had huge short positions in SL and "recommended" raising margins to the CME. Anything can happen. I suppose that explains why so many yanks who bought Gold, are leaving it in Canadian banks.

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Re: Ronbo - NatGas Forum/ S