Sunday, May 3, 2009

The "W" Bottom ~ United States Natural Gas Fund, LP (Public, NYSE:UNG)



the Natural "W" Bottom. 

LONG UNG.

$13.77 +0.64 (4.87%)

52 week low: $12.69


the NatGas / OIL-ish plays! 

BQI ~ offering 1.5 shares?! 

FTK ~ the lil' Flo!

HK ~ faith in Floyd. (no pos)
IO ~ IO you. (sold) 
PQ ~ mini-hawk (no pos) 
UNG ~ the "W" bottom. 

p.s.  Nat Gas is PsYcho SeXy!  (apache *APA* rose break-out


11 comments:

BUY ON THE DIP said...

Also watching HNR and BPZ. *spec'rs*

KP said...

I am FAZed (F***ed). Anyone else in the same shoes?

Anonymous said...

BOTD, we go up with very low volume but new high.what does it mean?still go long and stay bullish?

the wife said...

check your email sexy...

BUY ON THE DIP said...

UNG 14.45 +0.68 (4.94%)
HK 26.06 +1.15 (4.62%)
PQ 4.27 +0.72 (20.28%)
BQI 0.810 +0.040 (5.19%)
IO 2.91 +0.28 (10.65%)
FTK 2.68 +0.44 (19.64%)

SupaFly said...

Is BQI a buy at .80?

PWAV'rs said...

Powerwave Technologies, Inc. (NASDAQ:PWAV), a global supplier of end-to-end solutions for wireless communications networks, today reported preliminary results for its first quarter ended March 29, 2009.

Net sales in the first quarter of fiscal 2009 were $149.7 million, compared with $226.3 million in the first quarter of fiscal 2008. Powerwave also reported a first quarter GAAP net loss of $2.1 million, which includes non-cash intangible asset amortization charge of $1.0 million, and $2.9 million of restructuring and impairment charges. For the first quarter of 2009, the net loss equates to a basic and diluted loss per share of 2 cents. This compares to a net loss of $14.2 million, or a loss per share of 11 cents for the prior year period. For the first quarter of fiscal 2009, excluding the restructuring and impairment charges, intangible asset amortization and the gain on the repurchase of outstanding debt, on a pro forma basis, Powerwave would have reported a net loss of $0.7 million, or basic and diluted loss per share of 1 cent.

"The first quarter was impacted by the global economic crisis, which impacted all of the markets we serve," stated Ronald Buschur, President and Chief Executive Officer of Powerwave Technologies. "Looking ahead, we continue to believe that Powerwave is in an excellent position to build upon and capture the long-term growth opportunities in the wireless infrastructure marketplace, which we believe are evidenced by the continued subscriber growth in developing markets and strong demand for data in more developed markets."

"While we began 2009 facing this challenging economic environment with our customers and suppliers, we are proud of our ability to continue to make significant progress in our efforts to further reduce our overall cost structure," he said.

PWAV'rs said...

Powerwave (PWAV) this afternoon posted Q1 sales of $149.7 million, down from $226.3 million a year ago, and below the Street consensus at $161.8 million. But the wireless communications equipment company posted a pro forma loss of a penny a share, smaller than the Street consensus forecast for a loss of six cents a share.

PWAV, which rose 7 cents, or 8.5%, to 89 cents in the regular session, is up another 4 cents, or 4.5%, to 93 cents in late trading.

Anonymous said...

BOTD

WHEN DO WE ADD MORE FAZ ?

BUY ON THE DIP said...

check the 1st comment.

6.55
+0.90 (15.93%)

BUY ON THE DIP said...

FAZ long and USB short.

holding (not buying) until MAY, AUG, OCT sell off begins.

70% and 30% "early", respectively.

and those SPY puts from last week. pfft.