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Walter and Steve,
in futures lingo, a give-up is an order executed by one broker for the
customer of another broker. Also refers to the part of the commission the
first broker receives from the second broker.
Hope this helps.
Michael
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Steve Karnish
Sent: Wednesday, April 19, 2000 15:29
To: metastock@xxxxxxxxxxxxx
Subject: Re: MW0K, MW0N
Walter,
I can only asssume, and that's dangerous, that "give-ups for cash positions"
means abandoning futures positions and holding the grain .... or selling the
grain (give-ups) at the terminal or elevator to raise cash. Either scenario
would put pressure on the market. I don't follow the commentary or the MGE
markets. Minnestoans mix too much professional wrestling with politics
(although, I understand the common bound between the two professions).
I'm sure my "speculation" on the matter doesn't help. Are you considering
doing any long wheat/short corn for the next few months? I about to put on
bunches and bunches.
Steve Karnish
Cedar Creek Trading
http://www.cedarcreektrading.com
----- Original Message -----
From: Walter Lake <wlake@xxxxxxxxx>
To: Metastock bulletin board <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, April 18, 2000 6:22 PM
Subject: MW0K, MW0N
> Hi Steve
>
> I need an explanation for the term "give-ups for cash positions" as used
in
> the wheat markets.
>
> i.e., "MGE wheat closed mostly lower. Give-ups for cash positions were
said
> to be a dominant feature ..." and "... it looks like there was some heavy
> movement in the cash markets ..." etc.
>
> Your list of "goodies" looks interesting. Thanks for all your hard work
and
> help that you've provided.
>
> Best regards
>
> Walter
>
>
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