|
PureBytes Links
Trading Reference Links
|
Bill
I'll have to ask my dad this weekend how he originally got interested in
commodities. We had a fairly large manufacturing company that provided the
Big 3 (automotive) with die cast (zinc and later aluminum) and chrome plated
and painted parts. We also manufactured large draw dies for the automotive
industry.
One of my earliest memories was my dad actually taking delivery of several
million pounds of zinc because he forecasted a shortage of the stuff
(probably late 40s or very early 50s, but I guess a historical chart of zinc
prices would pin point this more exactly). He bought the futures and then
took delivery. The reason this sticks in my mind was that while he made a
ton of money doing it (for the company - he was the Chairman), the six foot
thick, reinforced concrete floors buckled, so it wasn't all net profit. <G>
We currently just trade the S&P futures and occasionally foray into Bonds.
The primary reason is that the market is so big and capable of supporting
big volumes of business, that our little trading is slightly more than a
gnat on an elephant's butt. In actuality, according to one of our brokers,
you can get off 1,000 contract orders at the open or close without the
market even noticing. (We're nowhere near that volume <G>). I learned my
lesson years ago trading thin markets. Locked into Bellies the wrong way
for 8 days in the early 70s made a pretty good impression.
If we ever get done tweaking our system (not the indicators, but the weights
assigned to them) I think I'll go back and revisit the ags, metals,
foodstuff, etc. Right now, my problem is keeping up with an 8 year old.
Also, my brother and I just started a rep firm and handle some
semi-conductors (flash, EPROMS, etc.) for a company from Taiwan. We also
have a new, cheap MP3 chip coming out as well as some modem stuff. I'm
trying to get into one of the large toy companies nearby to have one of
their head design guys give me some feedback on the MP3 chip to try to
figure out whether it might have some future application to toys.
Regards
Guy
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of WFN
Sent: Thursday, April 29, 1999 11:10 AM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Message to Guy. your Dad did what we all do sometimes
-----Original Message-----
From: BuyersG@xxxxxxx <BuyersG@xxxxxxx>
>The "stories" you have are the best way people learn. And they are
fascinating.
>Bob S.
Guy,
I have to echo the above. I've been on the list for around a year now and
through your postings I feel I personally know someone way more interesting
than the author of any book you can buy. Your stories are a great asset to
the group.
If you don't mind my asking, how did your father get into trading and how
old was he at the time? And do you still trade a number of futures such as
the currencies, ags, softs, etc. or do you just strictly trade the S&P? I
ask because I can't remember you posting about anything but the "Spoos".
Many thanks for sharing,
Bill N.
Milwaukee, WI
frt1000@xxxxxxxxxx
|