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Guy,
Great story. I do thank you. My life pales by comparison (gotta go dole out
pills in the hospital pharmacy tomorrow -whee <g>.)
Seriously though, take care of the old boy. I sure wish my old man was
around to witness the markets nowadays. We lost him in '91. He'd sure get
a kick of the DOW nearing 11,000. Before his death when the market was in
the 2000's or so we used to joke about it being in the 7-800's back when we
started fooling around in the stock market.
Take care,
Bill N.
Milwaukee, WI USA
frt1000@xxxxxxxxxx
-----Original Message-----
From: Guy Tann <grt@xxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Thursday, April 29, 1999 03:59 PM
Subject: RE: Message to Guy. your Dad did what we all do sometimes
>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
>
>
>
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