graphrix - 11 November 2009 06:39 AM

rick_r - 11 November 2009 05:31 AM

BondTrader, what platform do you recommend for day trading. My brother uses TradeStation and is happy with it but that might be overkill for me.

Sorry, not bondtrader, but you might want to check out Think or Swim if you are day trading and especially if you use options.

Since I don’t daytrade that much, I’m not in a position to recommend. But I did hear good things about TradeStation in the past.

Trade be nimble, trade be quick….

Natural gas plunges 12 percent this month

ung down to $8.66 / share as of 12/02/09.  Time to buy it?

That is a new low. be careful

zubs - 02 December 2009 10:06 PM

ung down to $8.66 / share as of 12/02/09.  Time to buy it?

As I mentioned several times on this thread, UNG is a typical “DOG” stock with a long term down trend and no foundamental support. A couple quick thoughts on this;

1. At this level, technically you can catch a dead cat bounce from here to about 10.50-11 area, looks like a high probability trade
2. Ask yourself how much you want/can/afford to lose on this trade and put a stop loss in accordingly
3. S&P is close to the top and if you get a sell off, dog stocks will get hammered as well.

Good luck