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Dear Scale,
You're welcome and I am glad you
enjoyed the ride. I must advise you that the only fundies that played a role is
the knowledge that there is no profit for mining copper in the low 60s. This
trade was based on long term planetary cycles and knowledge of the price history
going back about 50 years or more. Copper is the market that got me in the
trading biz, as my first investment was buying Anaconda Copper back in the early
70s. After I started studing Astrology and
planetary relationships to markets, due to my family background of several
generations of scrap dealers, the first market I researched was copper and found
a real nice average 41 month rhythm for copper which correlates nicely to Donald
Bradley's Jupiter - Uranus rhythms per Stock Market
Prediction.
So my first forary into the markets was
buying Anaconda Copper in 1972 with copper approx. 58 cents, Anaconda had just
had half of the company expropriated by the Socialist Chillean govt., Anaconda
was in the red and quickly losing money, and to say that I bought this stock
against all advice of the broker would be an understatement. <FONT
face=Arial size=2>Within 18 months, Copper prices had gone to an all time
record high of $1.44 catapultiing the beleagured Anaconda to
healthy profits and a share price of over $29 from my original entry at $17
5/8. Being an inexperienced college student at the time, I did
the classic roller coaster ride of riding it all the way up and part of the way
down but still managed to capture some substantial profits to help
finance future trades and eventually buying a membership on the
CBOE. So you can see that copper holds a special place in my
heart and my wallet.
Best Wishes,Norman
P.S. Anyone notice what cotton has done the past
two weeks? I recommended buying this one too. It has a long way to go.
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=Scaletrade@xxxxxxx
href="mailto:Scaletrade@xxxxxxx";>Scaletrade@xxxxxxx
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, November 13, 2001 12:40
PM
Subject: [RT] Copper Futures
In a
message dated 10/31/01 4:40:31 PM Pacific Standard Time, <A
href="mailto:nwinski@xxxxxxxxxxxxxxx";>nwinski@xxxxxxxxxxxxxxx
writes:<FONT lang=0 style="BACKGROUND-COLOR: #ffffff"
face=Arial color=#000000 size=2 FAMILY="SANSSERIF">
<BLOCKQUOTE
style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px solid; MARGIN-RIGHT: 0px"
TYPE="CITE">Yep, I agree,time to buy copper for a 20 cent up move over the
next 3 months. <FONT lang=0 style="BACKGROUND-COLOR: #ffffff"
face=Arial color=#000000 size=3 FAMILY="SANSSERIF"><FONT
lang=0 style="BACKGROUND-COLOR: #ffffff" face=Arial color=#000000 size=2
FAMILY="SANSSERIF">Non-ferrously, Norman<FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face="Courier New" color=#000000 size=2
FAMILY="FIXED"><FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#000000 size=2
FAMILY="SANSSERIF">I'd like to thank Norman for this one...I just got out
today for a quick 5+ cent gain, or $1350. I don't have the patience to
wait 3 months for 20 cents when the first quarter comes so quickly...maybe
I'll get back in if it retraces. I prefer to think that Norman does it
with sound fundamentals and perhaps a good seasonal (based on the sun, earth,
and moon.......not a distant planet), but I enjoyed the ride.
For you economists in the group, isn't it supposed to mean something
bullish when copper makes a move up?Larry To
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