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Posted by Cycle Confluence on October 12, 2006, 8:13 pm
Hedged Corn in Mid July..
Hedges were all lifted by 9/15 per the chart...
One client lifted his on the 17th of August.
But since your not a client. How would you know? You wouldn't.
Because you know nothing about trading or what I post to my clients.
See the chart posted on the 15 of September at
www.cyclesurfer.com/miscfut.htm
"It is not the critic who counts; not the man who points out how the
strong man stumbles, or where the doer of deeds could have done them
better. The credit belongs to the man who is actually in the arena,
whose face is marred by dust and sweat and blood, who strives
valiantly; who errs and comes short again and again; because there is
not effort without error and shortcomings; but who does actually strive
to do the deed; who knows the great enthusiasm, the great devotion, who
spends himself in a worthy cause, who at the best knows in the end the
triumph of high achievement and who at the worst, if he fails, at least
he fails while daring greatly. So that his place shall never be with
those cold and timid souls who know neither victory nor defeat."
Theodore Roosevelt quotes (American 26th US President (1901-09),
1858-1919)
truth-b-told wrote:
> Good thing Dale Legan hedged his client's Corn at or near the highs
> back in June 2006.....I wonder how much money Dale left on the Table
> with his Corn hedges?
>
> After this USDA report, I wonder how much money, his "farmer clients"
> will LOSE?
>
> Dale was BRAGGING how good his Corn and Crude Oil ANALysis was, when he
> claimed this past Summer he sold Crude Oil, and it immediately went up
> another +$5-$6-$7 bucks, and he hedged Corn at the highs, and I believe
> this was somewhere near the $2.65- $2.70 price or so. Now today, after
> the USDA reports came out, why would Dale make claims, he was 100%
> hedged on Corn, at those prices, when the current prices, will go much
> higher? The whole summer was ahead of him, with a lingering drought
> that was ongoing, why would someone try and hedge their crops, when
> weather problems were obviously effecting the production. Didn't Dale
> see this, in his Astro weather forecast? This is what I call, "DALE IS
> A SPAMMER, and Dale is a LOSER." Love Dale, Love Venus, Peace!!
>
> Remember Dale Legan's Crude Oil call? How much money did Dale lose on
> that "paper trade forecast?" Now we'll see how much money Dale LOST,
> for his Corn farmers, on his latest forecast from this past
> Summer.....and Dale says his forecasts are accurate??? If you were a
> Farmer, and you LOST MONEY taking Dale's forecasts, please tell us
> about it, and tell us how much money you LOST this past Summer, while
> taking Dale's Crude Oil and Corn forecasts!!! If and when Corn goes to
> $3.00, this is about 30 cents a bushel higher that what price Dale
> hedged at, and if you grow 140 bushels of Corn per acre, take 140 times
> 30 cents, and this comes to about $42.00 an acre, that you LOST because
> of Dale Legan. If you grew 500 acres of Corn, take $42 times 500 acres,
> you LOST $21,000.00, taking Dale's Trading advice. Think about it,
> before you ever consider taking Dale Legan's paper trading advice, or
> paying for any of his seminars, or paying for his software or
> subscription services in Yahoo, or his private pay site. Everyone
> should IGNORE Dale Legan, and especially Farmers, who grow Corn or who
> hedge Diesel, with Futures contracts!!!
>
> Sincerely,
> gerillio.
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