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At 08:49 PM 8/14/98 -0700, Neal T. Weintraub wrote:
>the rationale behind your trade requires deep pockets There is nothing that
>tells you to be a buyer. If you are so convinced buy options and forget
>about the trade for now.
>-----Original Message-----
>From: Robert W Cummings <robertwc@xxxxxxxxxxxxxxxxxx>
>To: Omega-list@xxxxxxxxxx <Omega-list@xxxxxxxxxx>
>Date: Friday, August 14, 1998 5:52 PM
>Subject: 99 CORN & OATS
>
>
>>
Neil;
Your comment it requires deep pockets is coming from your mind set not
mine. The point is you can buy 1 1000 bu mini oat contract or a 5000 bean
contract it depends on you. Always the misconception of leverage in
commodities and why the loss ratio is so high. Just because you have
leverage doesn't mean you got to use it. Capitalization is probably the
most important part of this plan. Your comment about options is wrong as
well if I am so convinced the best play is futures. I wasn't asking for
advise here you noticed I said bought as in past tense. This is not my
first time doing this nor my last. To me its a has more rational than
buying equities and don't have to use book values and PE rations to
establish value. Buffet copied me when he bought silver......lol, silver
below cost of production go figure. Mark Brown I'm impressed you even knew
about the cattle doing that. Can't imagine you would leave your computer
and the S&P's to notice. You must have friend in the cattle business
telling you fundamentals. Mark Brown on matters such as corn and cattle get
out of town go filter something........*S*
Robert
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