Updates (Updates?)

I'm raising my target entry on DB from $65 to a possible $65-67 (towards the latter). Sometime around there I will head over to the Deutsche Bank Launch Pad with the intent of going in short (read: stick face under rocket booster). If you do not hear from me for a while (or ever) just remember, trading is easy :P Why such a wait and see approach if I think it's going to bleed (and only a two dollar wait at that)? Simply because of a lingering threat of move to $70 then $80. I would like to see what will come out of the earnings shams first and just how many more tards buy into Goldman Props tomorrow all the way to 161.

Natty Gas (not UNG) Last: 3.25: Good news! There are only a few whole numbers left on the chart. If I were Dennis Kneale I would certainly consider featuring the risk/reward on his show. "I mean c'mon! $3 down, infinity up? If you are saying the most I can lose is $3 then I'll take those percentages. What a bunch of FRAIDY CATS!**"

Actually NG is quite oversold but it's been that way since last millenium. NG marches to it's own beat (TAPS). Squandered profit in the UNG spread due to over-complicating the trade. I'm converting my house over to propane unless KWK keeps going.

KWK: Rocking and Rolling (all technical, don't get hitched). 9.50 maybe? Don't get greedy though, not the best spot to play let it ride.

** More on that in a bit