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Fw: WHAT THE HECK WAS UP WITH NOV98 OJ TODAY ???



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Just had to share this realtraders post with the MS Listees.  

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> From: Steve Karnish <kernish@xxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: WHAT THE HECK WAS UP WITH NOV98 OJ TODAY ??? 
> Date: Friday, October 09, 1998 7:45 PM
> 
> Keith,
> 
> I not a fan of Gary's and when he was shooting his mouth off
> about OJ, I challenged him to a OJ "off".  Sdonelow@xxxxxxx
> volunteered to monitor trades and as he can attest to I
emailed
> him on 9/30 with my recommendation to go "long" on the opening
> of 10/1.  Me and my "closest friends" filled at 99.30 and have
> been long since.  The lead contract in OJ is "limitless" (you
> might notice that the other months were up only a nickel).  
> 
> The USDA released a crop report today.  The government was
> looking for 212-220 million boxes (90lbs.), with industry
> "experts" predicting 219.5, ... the number came in at 190
> million.  Rather than manipulation, this is a simple supply
and
> demand reaction.  Florida's all orange forecast is 22 percent
> less than last season.  Early and midseason varieties in
Florida
> are forecast at 20 percent lower than last season .  Florida's
> Valencia forecast is 25 percent below last season. 
California's
> all orange production is forecast at 16 percent below last
year.
> 
> So Keith, be careful of what you post.  I haven't jumped on
the
> real traders forum since Gary was spinning his nonsense.  I'm
> sure you don't want to fall into his company.  Freezes, thin
> markets, and market manipulations are not part of today's
> action.   The "thin" market you stay away profited long
> positions $4,000 today.  
> 
> I don't trade off fundamentals ... but, supply side economics
> was in control today.  I've attached a chart so you can see
why
> and where we went long.  Many times: the technical indicators
> time you into a market and the fundamentals show up a few days
> later to support your decision.  You're right about one thing:

> I think I saw OJ's "bloody glove" in the pit today.
> 
> Steve Karnish
> CCT    
> 
> 
> ----------
> > From: Keith Dennis <Keith.Dennis@xxxxxxx>
> > To: RealTraders Discussion Group
<realtraders@xxxxxxxxxxxxxx>
> > Subject: FUT:  WHAT THE HECK WAS UP WITH NOV98 OJ TODAY ???
> > Date: Friday, October 09, 1998 6:00 PM
> > 
> > RT'ers:
> > 
> > Did the 2 local guys in the OJ pits read some of  "GARY IN
> HAWAII"
> > old RT Email's from last month or something ????  What the
> heck was
> > up with this market today ...... NOV98 up 25.75 ?  But not
the
> rest
> > of them.....hello!!!  Maybe Gary bought a couple of
contracts
> today
> > or something and drove the demand right on up there ???     

> > 
> > Freeze warnings came in early this year ???  Or just trying
to
> catch
> > a few shorts off guard today were they ???  Now you know why
> you 
> > should stay away from these thin little markets .... huh ???

> I guess
> > they wanted in on some of that  "Blood in the Streets" 
going
> on 
> > recently like the big boys ???  And they say manipulated
> market don't
> > exist ..... ya right !!!                 
> > 
> > Just wondering and chuckling out loud ...... Sorry !!!
> > Keith
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