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John,
What was I thinking? I was thinking that based on my analysis,
regardless of NFA regulations, I expect one could do far better being long
Soybeans that they may do by investing in so called high tech growth stocks
over the next 1 -2 years. So, I was half joking in poking fun at all of the
investment advice to buy growth stocks for the kid's college education. Wall
Street doesn't want the public to know that commodities are often less risky
than many so called growth stocks. Soybeans will be here next year. How many
internet stocks are no longer trading? I think maybe you need a vacation.
All of those NFA regs are getting to you. Lighten up before you crack up. .
By the way. I am not a broker, have never been a broker, hope I never have
to be a broker, so I don't think like a broker. When I share my market
opinion I am sharing what I am doing or cosidering doing for my own account.
I don't force anyone to do what I do. That is their choice.
Ok, here is the mantra: If you ever think about trading futures, you will
lose all that you have ever have owned, own now, or will have in the future.
Your house, your family, your car, and your dog will be repossessed. My
recommendations are lousy and I don't know what I am saying, so don't take
any of my advice. My past lousiness is no guarantee of my future lousiness.
Never even think about trading futures and never take my advice. Happy
now?
Best Wishes,
Norman
----- Original Message -----
From: <I4Lothian@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, July 17, 2001 7:00 AM
Subject: Re: [RT] Leverage Capital in Soybeans
> In a message dated 7/17/01 4:32:06 AM Central Daylight Time,
> nwinski@xxxxxxxxxxxxxxx writes:
>
> << I
> think the time for Beans either has arrived or it is just around the
corner.
> Forget high tech stocks. It's time to buy Beans for the kid's college
fund.
> >>
>
> ****** I would not consider a "kid's" college fund to be risk capital.
The
> money used to speculate in futures should only be risk capital, money you
can
> afford to lose. Savings for college would not apply in my book.
>
> ****** If you were a broker and put out that recommendation you would be
> opening yourself up to all kinds of litigation should the recommendation
not
> work out to the client's satisfaction. Litigation you would lose.
>
> ****** Many brokerage firms will not even accept accounts under the
Uniform
> Transfer to Minors Act, which is how you would have to set up an account
if
> the money was in the minor's name.
>
> ****** Perhaps you were kidding, thus the <G>. I don't think this medium
is
> clear enough to express such nuances accurately. Thus, I think your
> statement is at best ill conceived and at worst highly inappropriate.
> Nothing personal Norman, but what where you thinking?
>
> Regards,
>
> John J. Lothian
>
> Disclosure: Futures trading involves financial risk, lots of it! John J.
> Lothian is the President of the Electronic Trading Division of The Price
> Futures Group, Inc., an Introducing Broker.
>
>
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>
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