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Hi Steve
Gee ... I'm confused about your position on "thinking" (from your email
below).
"... Over the years, "thinking" has gotten me into a lot of trouble. So,
sorry I can't answer your question. You still haven't told me: what do you
think of long wheat, short corn. ... Any thoughts are welcome."
Now you know that I grew up with "shuckers & jivers" ... so I'm hard pressed
to suspend my disbelief and go along with this "no thinking" business. Maybe
you could set the record straight for me <G>
There's guys on the List where my suspension of disbelief just naturally
kicks in and it's easy to say "oh well ... he's not the sharpest knife in
the drawer" and let it go.
But I need to get this "thinking" business straightened out because you've
always been a pretty sharp guy.
Best regards
Walter
----- Original Message -----
From: "Steve Karnish" <kernish@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, April 20, 2000 1:09 PM
Subject: Re: KW0K/KW0N
| Walter,
|
| I way too much of an idiot to figure out the internal goals of the
| commercials. I could guess about what "flat price volume" is, but quite
| frankly it would be pure, dare I say: "speculation". "Fun-DAH-mental-ly"
I
| have the knowledge of a third grader (and some 8 year olds, born into farm
| families, probably have a better understanding). I guess this is all easy
| to rationalize by saying that all fundamentals end up in the price. I've
| traded stocks for years by the "symbols" and couldn't even tell you what
| many of the companies do to create revenue. Give me the price history and
| I'll render an opinion. Over the years, "thinking"
| has gotten me into a lot of trouble. So, sorry I can't answer your
| question. You still haven't told me: what do you think of long wheat,
| short corn. I currently have my largest spread position in twenty five
| years. Am I going to have to slap Dick Gephardt around to make sure that
| China gets favored trade status. I understand that the largest wheat
| growing area in China is currently at 9% of normal measurable
precipitation.
| Any thoughts are welcome.
|
| Take care,
|
| Steve Karnish
| Cedar Creek Trading
| http://www.cedarcreektrading.com
| ----- Original Message -----
| From: Walter Lake <wlake@xxxxxxxxx>
| To: <metastock@xxxxxxxxxxxxx>
| Sent: Thursday, April 20, 2000 6:30 AM
| Subject: KW0K/KW0N
|
|
| > Hi Steve
| >
| > In the KC wheat markets, I know that most of the spread activity is in
| > rolling May positions into July.
| >
| > But, why would FIMAT put on 500 K/N bull spreads and then turn right
| around
| > and put on 600 bear spreads N/K all in the same day?
| >
| > Also ... do you know what "flat price volume" is?
| >
| > Thanks for your help.
| >
| > Best regards
| >
| > Walter
| >
| > ----- Original Message -----
| > From: Steve Karnish
| > To: metastock@xxxxxxxxxxxxx
| > Sent: Wednesday, April 19, 2000 9:27 PM
| > Subject: Re: (Market) Jul Corn
| >
| >
| > Adam,
| >
| > Although all the "troops" are in May, I would be a seller of July on a
| close
| > above 287.75. Also, take a hard look at the wheat/corn spread (basis
| July)
| > under 30 cents. It has a bunch of potential. I put a bunch on at 27.25
| > today. Could be a big "wiener".
| >
| > Take care,
| >
| > Steve Karnish
| > Cedar Creek Trading
| > http://www.cedarcreektrading.com
| >
| >
| > ----- Original Message -----
| > From: Adam Hefner
| > To: metastock@xxxxxxxxxxxxx
| > Sent: Wednesday, April 19, 2000 3:34 PM
| > Subject: (Market) Jul Corn
| >
| >
| >
| > Since corn has reversed back up and remaining in the congestion area I
| will
| > exit the corn sell signal tomorrow with a MIT
| > at 235.1 (provided that is hit before my buy stop at 239.5). Not sure
this
| > is the best way to handle it but if my MIT is hit
| > I will take a little .05 cent loss, if my stop is hit..a 5 cent loss.
| > Comments anyone?
| > Adam
| >
| >
|
|