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Posted by Bill Reid on August 30, 2008, 11:09 am
Whoops, forgot to send this to the on-topic group, so
they can benefit of the "wisdom" of "Lowbrow" on the
topic of commodities trading...
> Changing the subj... Sorry you're getting screwed with you speculation
based on
> oil prices impacted by hurricane/tropstorm Gustav.
Translation: I got screwed yet AGAIN by not being able to predict
oil prices.
> Sometimes the most successful strategy is to fade the press. The bigger
the
> story, the more they're wrong. TV news worked OT telling us that the
hundreds
> of rigs in the Gulf that supply 25% of the US's oil requirements are in
> jeopardy. TV took it one step further and speculated that gasoline prices
will
> reflect the drop in production.
Yeah, just ignore all the "unfounded" speculation, listen to
"Lowbrow"...a hurricane has NEVER damaged oil rigs in the
Gulf before, but "they" ALWAYS try to scare us just to sell
TV advertising...
To be as successful as "Lowbrow", you need to turn
that TV off; even better, don't read a newspaper or any
Internet news sources, or even better than that, never
learn to read or even understand the English language.
Facts just get in the way of the "Lowbrow" method
of commodities trading.
Think of a blindfolded kid whacking away at a pinata
that's actually 10 feet behind him, THAT'S the "Lowbrow"
method of commodities trading...
> What TV forgot was to simply ask an oil trader at the NY Merc.
I love interviews with commodity floor traders. Forget about
an oil shortage, I worry about a methamphetamine shortage
cuz these guys apparently suck down about 37billion barrels
a day of the stuff...
> Most traders
> there will tell you that no pro, in view of the current downward trend in
crude,
> would want to be long crude at $118 or so during a three day weekend.
However, they have no problem being long at $115 or
so..."Lowbrow", just when I think you've made the stupidest
statement possible, you top yourself, again and again and
again and again...
> The
> speculators Mr. Comics loves to blame for the failures of others are
selling
> their positions or even shorting.
Strange then the price isn't $0..."Comical" is a looney retard,
but on this issue he amazingly makes more sense than
"Lowbrow"...I mean if everybody is selling or shorting, what
the hell is holding oil above a $100/barrel, a price it never
hit in history until mere months ago, a price more than
triple what it was just a few years ago...if it ain't supply
and demand, it MUST be a conspiracy, RIIIIIIGHT?!!?!
> Thus far, crude is breaking even with yesterday's close. I'm looking for
it to
> be a buck or two down when trading closes this afternoon.
Wrong again (and again and again and again). Crude closed
up for the day.
By time the October
> crude closes out in three weeks, oil could be below $110 with the usual
caveats
> of no further hurricanes and no further brinksmanship on the diplomatic
front.
Translation: oil may go up or it may go down, or it may stay
the same.
If it goes up, "Lowbrow" will say he was right, because
he included those "caveats" in the prediction. If it goes
down, "Lowbrow" will say he was right. If it stays roughly
the same, "Lowbrow" will say he was right, because as
he so generously shared with us previously, the price
of oil is manipulated by the Bush administration by
selling Euros from the Treasury, and they just did a perfect
job of manipulating the price that way...unless it goes
up, in which case "Lowbrow" has also generously
shared his "prediction" that the Bush administration
is so incompetent that they can't even manipulate the
price of oil properly.
One of my basic axioms of human behavior: the more
often a person is wrong, the less likely they will ever admit
to ANY mistake. THAT'S something that you can "take
to the bank"...
> All bets are off after Halloween.
Translation: all bets are off before Halloween, and at
any and all times using the "Lowbrow" method of losing
money trading commodities (as seen on Usenet!)...
---
William Ernest Reid
Post count: 1166
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