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NGAS Plummets
I bought a few shares of NGAS, averaged in at .73 . Obviously I am getting raped here. I can hold on to what I have, fill up the truck, or dump this and take a small loss (a few hundred dollars)...any thoughts? 20% in one day seems pretty "we're about to go broke"-ish
Re: NGAS Plummets
.45....For some reason I'm tempted to load up on a boatload of shares. Am I being completely silly?
Re: NGAS Plummets
A look at the 5 year chart shows a steadily declining trend. They have no earnings.
What reasons do you have for believing that NGAS is going to go up?
"...a Republic, if you can keep it!" Ben Franklin - Statesman
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Derivatives are contracts whose value is derived from stocks, bonds, loans, currencies and
commodities, or linked to specific events such as changes in interest rates or the weather.
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Re: NGAS Plummets
My only rationale is that if the Natural Gas spot price makes a move, this stock should soar...It looks like it is going to be bankrupt or bought-out before that happens, though. 38 cents...WOW.
Re: NGAS Plummets
lol you gotta be ****ting me. I sold in frustration at .38. good thing it was a small position or there would be some broken computer items
Re: NGAS Plummets
Drilling and exploration, over the last 10 years, has resulted is a glut of Natural Gas on the Market. Unless there is an energy policy shift, I expect Natural Gas to trade under 6.00 for the next 5 years. Until supply and demand adjust, Natural Gas is a dog of an investment. Too bad, because we should be looking for more ways to use what we have as opposed to importing oil. Energy policy is controlled by politicians. Unfortunately, politicians don't know squat about energy.
DYODD
~Prag
"I am convinced that there are more threats to American liberty within the 10 mile radius of my office on Capitol Hill than there are on the rest of the globe." -- Ron Paul
"Well, I am not an economist..." ~Timothy Geitner on Bloomberg. 02 April 2010. Truer words were never spoken. http://www.youtube.com/watch?v=0QRjVyaN6Dw @ 1:34
Re: NGAS Plummets
Sundance (SDCJF) has treated me well in the past couple months
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