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The bond pit is a cash cow. The S&P pit is a cash cow. I love cash cows. 20
gal of gas in Chicago at 2.25/gal is $45. So 2 bond ticks fills up the SUV
tank, 3 ticks fills the tank, pays the commission, and leaves 30$, or 13
more gallons of gas. I have purchased gas for 18 cents per gallon. If I wait
for that price I will never drive again. Methinks it is better to seek the
bond ticks than to seek lower prices.
You can hedge your fuel costs. If you really think gas is overpriced, you
can short it and drive for free.
Michael
----- Original Message -----
From: "Paula" <hotair003@xxxxxxxxxxxxx>
To: <wl7bdn@xxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, June 17, 2000 23:59
Subject: Re: [RT] Re: Inflation??????
| Profit is great but the CEO of XOM blatantly said they were a cash cow
and
| their stock was undervalued. Why are they a cash cow - because me and
| others being in Chicago must pay minimum 2.25/gallon when its cheaper
| anywhere else.I love profit, having owned a manufacturing concern, but
don't
| take me by the cullions when it is really not a supply and demand issue.
Gas
| and software from Microsoft are not the same . One is a necessity, the
| other is not.Neither has reached a critical mass in terms of demand.
| JMO
| Paula
| ----- Original Message -----
| From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
| To: <realtraders@xxxxxxxxxxxxxxx>
| Cc: <realtraders@xxxxxxxxxxxxxxx>
| Sent: Saturday, June 17, 2000 10:43 PM
| Subject: [RT] Re: Inflation??????
|
|
| > Hear, Hear, Yeah, Yeah,
| >
| > As soon as we have the exorbitant profits of the oil companies under
| > control, and Microsoft's, we can go after all those nasty traders who
are
| > reaping exorbitant profits from all the global markets. In fact, why not
| > just outlaw profit all together. You know, like they did in Russia.
| >
| >
| > Michael
| >
| >
| >
| > ----- Original Message -----
| > From: "Tom Bowen" <trbowen@xxxxxxxxxxxxxx>
| > To: <realtraders@xxxxxxxxxxxxxxx>
| > Cc: <realtraders@xxxxxxxxxxxxxxx>
| > Sent: Saturday, June 17, 2000 21:07
| > Subject: [RT] Re: Inflation??????
| >
| >
| > | Interesting viewpoint Joe and I agree.
| > | We are not attempting to bring external producing nations into the
| > equation
| > | however.
| > | My point is that the American oil companies, not their suppliers, are
| the
| > | culprits.
| > | Every business has a "cost of goods sold" on their balance sheet and
the
| > | price of crude is one of many components of the retail price of
| gasoline.
| > | The profit margin for American oil companies is staggering and I am
| > | suggesting that we force these oil companies to reduce their already
| > | exorbitant profit margins by lowering the cost of gasoline.
| > | Bottom line is how much is enough.
| > | These very same American oil companies are pocketing millions of
dollars
| > per
| > | day in net income after all operating expenses. Outlandish profits
like
| > | these are not key to the survival of the company. I have no argument
| with
| > | the right of any business within the free enterprise system to make a
| > | reasonable profit but oil company profits are way beyond reason.
| > | They certainly would not be "hurt" if they reduced their net profits
to
| 5
| > | million dollars per day.
| > |
| > | ----- Original Message -----
| > | From: "Joe Frabosilio" <joe6964@xxxxxxxx>
| > | To: <trbowen@xxxxxxxxxxxxxx>
| > | Cc: <realtraders@xxxxxxxxxxxxxxx>
| > | Sent: Saturday, June 17, 2000 6:34 PM
| > | Subject: Re: [RT] Re: Inflation??????
| > |
| > |
| > | > Hi Tom,
| > | >
| > | > I'm in a little disagreement on this. I believe that
governments
| > in
| > | the
| > | > Middle East and South America have a major say in production. I
| agree
| > | that its
| > | > all about Supply and Demand. The only problem no-one trust anyone.
| > | >
| > | > If the US was to boycott gasoline for 30 days it would hurt the
US
| > | more than
| > | > our friendly friends who sell it to us.
| > | >
| > | > TradeWell,
| > | > Joe Frabosilio
| > | >
| > | > Tom Bowen wrote:
| > | >
| > | > > Fuel for thought.
| > | > > Is it the government or the oil companies that set the price of
| > | gasoline?
| > | > > Answer = neither
| > | > > It is the American people who set the price of goods and services.
| > | > > If we band together and stop buying a good or service for just 30
| days
| > | the
| > | > > price will plummet.
| > | > > The corporations and their distributors providing these goods and
| > | services
| > | > > cannot withstand a 30 day period of 0 sales revenue.
| > | > > Their stock would plummet and the management teams would loose
their
| > | high
| > | > > paying jobs.
| > | > > The price of just about everything is out of control and it is our
| own
| > | fault
| > | > > because we continue to pay the inflated prices.
| > | > > We have no one to blame but ourselves.
| > | > >
| > | > > ----- Original Message -----
| > | > > From: "Ira Tunik" <ist@xxxxxx>
| > | > > To: <realtraders@xxxxxxxxxxxxxxx>
| > | > > Sent: Friday, June 16, 2000 5:24 PM
| > | > > Subject: [RT] Inflation??????
| > | > >
| > | > > > I think it is wonderful that the government can make the
majority
| of
| > | us
| > | > > > feel good about paying only $2.00+ per gallon for gas because
| those
| > | in
| > | > > > Chicago are paying 40 cents more. When will the insanity end?
| It
| > | > > > appears that they can fool the majority of the people most of
the
| > | time.
| > | > > >
| > | > > >
| > | > > >
| > | > > >
| > | >
| > | >
| > |
| > |
| > |
| > |
| >
| >
| >
| >
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