|
PureBytes Links
Trading Reference Links
|
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN">
<HTML>
<HEAD>
<META content=text/html;charset=iso-8859-1 http-equiv=Content-Type>
<META content='"MSHTML 4.72.3110.7"' name=GENERATOR>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT color=#000000 face="Comic Sans MS" size=2>Has anyone ever heard of
the "Presto" method? It was developed by Joseph
Rondinone.</FONT></DIV>
<DIV><FONT color=#000000 face="Comic Sans MS" size=2></FONT> </DIV>
<DIV><FONT color=#000000 face="Comic Sans MS" size=2>Any help would be
great.</FONT></DIV>
<DIV><FONT color=#000000 face="Comic Sans MS" size=2></FONT> </DIV>
<DIV><FONT color=#000000 face="Comic Sans MS" size=2>Thanks</FONT></DIV>
<DIV><FONT color=#000000 face="Comic Sans MS"
size=2>Rob</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Tue Dec 01 09:52:49 1998
Received: from mx1.eskimo.com (204.122.16.48)
by mail02.rapidsite.net (RS ver 1.0.2) with SMTP id 20438
for <neal@xxxxxxxxxxxxx>; Tue, 1 Dec 1998 12:44:10 -0500 (EST)
Received: (from smartlst@xxxxxxxxx)
by mx1.eskimo.com (8.9.1a/8.8.8) id JAA15107;
Tue, 1 Dec 1998 09:43:35 -0800
Resent-Date: Tue, 1 Dec 1998 09:43:34 -0800
Message-ID: <36642AB5.7E57B40D@xxxxxxxxxxxxxxx>
Date: Tue, 01 Dec 1998 11:43:17 -0600
From: Timothy Morge <tmorge@xxxxxxxxxxxxxxx>
X-Mailer: Mozilla 4.05 [en] (Win95; U)
MIME-Version: 1.0
To: tgparker@xxxxxxxxxxxxxxxx
CC: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>,
Omega List <omega-list@xxxxxxxxxx>
Subject: Re: Looking For Other Cocoa Traders!
References: <3.0.5.32.19981124150522.0083d700@xxxxxxxxxxxxxx> <3663AC19.8B6A62CF@xxxxxxxxxxxxxxxx>
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Resent-Message-ID: <"jGMX03.0.hh3.6h2Ps"@mx1>
Resent-From: omega-list@xxxxxxxxxx
X-Mailing-List: <omega-list@xxxxxxxxxx> archive/latest/28941
X-Loop: omega-list@xxxxxxxxxx
Precedence: list
Resent-Sender: omega-list-request@xxxxxxxxxx
X-Loop-Detect: 1
X-UIDL: 26bad83e7cdaf125534e23dbbcdfdd56
Tony:
I trade the NY soft markets regularly. I am particularly
fond trading cocoa, although I do trade sugar frequently and
OJ at times. At one point, I was managing money for in a
rather large offshore commodity pool and their fundamental
research budget was several million dollars a year. They
maintained their own field researchers and weather
professionals--you got twice daily reports on all their
findings, frequent conference calls from all the growing
areas [from the cocoa pod counters, for example] and more
research than I could ever digest. They even had weather
crews in all the major growing states in the US that called
each of us 'live' as weather made major shifts during
growing seasons. Personally, I initially was very impressed
with the research, but as time went on, I found that
although we had our own resources and also had as much
availability to other's research as we wanted--all of our
brokers were eager to show us the mounds and mounds of
research they had available--it didn't seem to make much
difference to my trading.
Weather and fundamental research like pod counting seem to
have turned into the 'perception of the perception of the
expectation of the information' game [Sort of a version of
the 'I know that you know that I know that you know that I
know...' etc]. I assume that's because we are in the instant
information age--CNN gives us all information as fast as the
CIA gets it.
If you are still interested in finding this sort of
information, there are subscription services that provide
it--I get several mailings a month from groups that want to
sell me their AG research or their 'Softs' research, so they
should be easy to find. But like all things in life, good
information is expensive.
Another way to get this information is to find a branch of
one of the large commodity firms--Bear Stears, Merril,
Refco...and ask what fundamental research they have
available to you if you open an account. I get pages and
pages of the stuff faxed to me while I sleep--even though I
expressly ask my brokerage houses to keep me off of their
research lists. You might have to call around, but you
should be able to find a brokerage firm willing to put you
on their overnight fax list if you open an account, since
faxing you the stuff is automatically done by computer and
the incremental costs to the broker for adding your name to
the list is just about zero.
Last, you asked about correlations of prices re: the NY
softs and LIFFE. Well, the obvious differences are that the
LIFFE contracts are mostly Sterling denominated, the
contract sizes are different and in most cases the actual
commodity may be different [for example, coffee on LIFFE has
several coffee 'types' and trades very different from NY
coffee]. And another major difference is that LIFFE softs
are really dominated by trading by commodity funds [J.
Henry, Mint, etc], and so the open interest can be driven
purely by accumulation and liquidation of speculative
positions. This is not so prevalent in NY, since the NY
markets are not deep enough and the fund pool limits are
small enough--thus keeping much of the fund noise in London.
I find that the NY soft markets trade 'cleaner' than the
LIFFE versions.
Soy Meal is actively traded in Chicago and there is no end
of information available on US Ags. I am certain there are
many more knowlegable people on this list able to give you
information and opinions about Meal trading.
I hope that helped with your questions.
Best,
Tim Morge
Tony Parker wrote:
>
> Hey Gang!
>
> Yepppers I'm a Cocoanaut.... Call me crazy, call me weird ....but I've fallen in
> love with trading CSC's Cocoa markets. I've been making and losing a few pennies
> here and there trading one, two, and three lots of good "ole" CCH9 since July.
>
> In hopes of getting that extra "trading edge" I'd like to link up with any
> other cocoa traders out there ... to swap experiences, lies, and resources...
>
> I'm particularily interested in getting sources on cocoa "fundamentals". I need
> tips on where to acquire info on growing seasons, etc., harvests, govt. price
> reports ... etc... and any other "fundamental" cocoa data. BTW, are there any
> books on trading the Cocoa markets?
>
> I'm also interested in the correlation between the LIFFE cocoa contracts and
> CSC's cocoa prices.... etc.... Does anyone have any theories on a method of
> comparison?
>
> WARNING: I only want to talk to REAL TRADERS WHO TRADE REAL CASH IN REAL
> MARKETS.
>
> DOUBLE WARNING: Spamsters & Hucksters need not apply! If you SPAM me, you can
> expect a "MAILBOMB" or "Monkey Virus" in your MAILBOX as my reply to your SPAM
> TRASH!
>
> TIA
>
> Tony Parker
|