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Earl:
Thank you for your thoughts on the matter. I have always appreciated
your contributions. None of this was about being right about the
market. It was about how it was done. I would hope that you could
understand the subtle difference. It was at best disingenious and at
worst deceptive. We deserve better.
Regards,
John J. Lothian
Disclosure: Futures trading involves financial risk, lots of it!
--- In realtraders@xxxx, "Earl Adamy" <eadamy@xxxx> wrote:
> John,
>
> Norm posted something a month or two ago when beans were somewhere
around 420 to effect that a major bottom should be complete within a
few days and that a major rally would begin. I remember, because I
did not agree with his analysis and said something to effect that it
would take a move above 470 before I could agree with the bullish
case ... price has whisked past 470.
> Norm was on target before the move occurred. Norm's comment, to
which you took exception, was clearly tongue-in-cheek and was derived
from his early, and correct, call on beans. I think you need to get
off his case.
>
> Earl
>
> ----- Original Message -----
> From: <I4Lothian@xxxx>
> To: <realtraders@xxxx>
> Sent: Tuesday, July 17, 2001 8:32 PM
> Subject: Re: [RT] INVESTING PUBLC RUSH INTO SOYBEANS
>
>
> > Norman:
> >
> > Do you know what a fraud is? A fraud is someone who sees a big
move
> > overnight in soybeans and posts a market call to buy them after
the move
> > without mentioning the overnight trading. Then the fraud claims
credit
> for
> > the big move on the opening that mostly really happened the night
before
> when
> > everyone was asleep. A fraud never mentions the fact that
soybeans were
> up
> > 22 cents overnight one a/c/e electronic trading before the pit
trading
> ever
> > began. A fraud is someone who does not know that soybeans has a
50 cent
> > limit (<A
> >
>
HREF="http://www.cbot.com/cbot/www/prod_detail/0,1499,14+58+138+16,00.
html">
> > Soybean Contract Specs</A>). Twenty-four cents is what
percentage of 50
> > cents? Gapped 24 cents? Not if you look at the combined pit and
a/c/e
> > chart.
> >
> > My point was not about the market call. As far as I can see from
your
> posts
> > you never even got into a trade. All I see is a guy who said buy
beans
> after
> > they were already sharply higher in the overnight session. I am
not sure
> if
> > that is not more pathetic or just misleading, jokingly or not.
And I
> don't
> > see the humor in it either way.
> >
> > 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.
> >
> >
> >
> > In a message dated 7/17/01 3:10:49 PM Central Daylight Time,
> > nwinski@xxxx writes:
> >
> > << RT,
> >
> > Well, it looks like John L was right. I shouldn't have
suggested that
> > Soybeans may be a good investment. Apparently so many saw my post
and
> tried
> > to buy on the opening, that Nov. Soybeans gapped up about 24
cents (75%
> of
> > the daily limit) Unfortunately for all of those kids and widows
who
> bought
> > the opening, the market spent the rest of the day gonig down to
only close
> +
> > 14 1/2 cents. It looks like Junior will have to defer that cap
and gown in
> > favor of flipping hamburgers at McDonalds. Widow Jones will have
to cut
> her
> > cable service so no more Lawrence Welk or Antique Road Show. I
apologize
> for
> > any financial damage or devastation my post may have caused.
> >
> > Apologetically,
> >
> > Norman >>
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
> >
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