Seeking Alpha

Unusual trading was seen in the moments before the natural gas storage report this morning,...

Unusual trading was seen in the moments before the natural gas storage report this morning, reports CNBC, with about 250K contracts sold just fractions of a second before the news hit. A look at the charts finds gas diving just ahead of the release and soaring after.
Comments (8)
  • heywally
    , contributor
    Comments (177) | Send Message
    My hope is that someone incorrectly shorted NG based on insider release info and then got stomped on the ramp up after.
    31 Jan 2013, 02:46 PM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (540) | Send Message
    Could have been a stop hunt also, with the massive selling trying to drive out longs with stops just below the market.
    31 Jan 2013, 02:51 PM Reply Like
  • CashFlowHunter
    , contributor
    Comments (7) | Send Message
    speaking of nat gas...wondering who was buying chk on the 6 days prior to announcement of ceo resigning ?? sure looked flunky to me
    31 Jan 2013, 02:49 PM Reply Like
  • Chris Bersaw
    , contributor
    Comments (582) | Send Message
    The consensus for the weekly inventory number was for a draw of -207 and actual number was -194 higher then expected. It looks like someone sold ahead of that which dropped the market only to cover the position when support held taking the market to the highs. A nice move all things considered.
    31 Jan 2013, 03:51 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
    Doesn´t matter if they made money or lost it...its stealing...getting info before everyone has to be stopped...but it never easy to pay off the regulators...even if they get caught...they pay a $50 fine on a million dollar profit..pretty good return
    31 Jan 2013, 04:00 PM Reply Like
  • perfuseme2
    , contributor
    Comment (1) | Send Message
    the withdrawal was lower than expected and rightfully fell. but the guys forecasting weather must have gotten smoked on the data because they immediately came out and revised their warmer forecast suggested yesterday.
    31 Jan 2013, 04:21 PM Reply Like
  • Remyngton
    , contributor
    Comments (354) | Send Message
    Funnily enough , whoever sold those contracts made a huge mistake , as the numbers triggered a boatload of buy orders


    Insider information works better , if the trader "makes" money and doesn't get creamed... like this CHIMP did
    31 Jan 2013, 04:50 PM Reply Like
  • jtav21
    , contributor
    Comment (1) | Send Message
    its all a scam!! you dont sell 250k shares before a number without knowing something.
    31 Jan 2013, 06:58 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: