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Strategies & Market Trends : John Pitera's Market Laboratory

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Hawkmoon

To: robert b furman who wrote (19832)	8/31/2017 11:13:49 PM
From: John Pitera	1 Recommendation Read Replies (1) of 33421

Good evening, my good friend Robert......it's not superior trading.... It's just buy em and put em in the bottom drawer... ya just have to remember to liquidate them before the contract expires and you are in a world of hurt taking delievery of a boat load of gasoline...... and know that I have written that the lightbulb went off... that there is a massive shortage of gasoline and it's got to be reasonably easy to arrange to sell the stuff to a broker who passes it on to one of the energy companies with a chain of gas stations..... I can not believe I had not thought of that until I was writing and making a joke to you...... That's why I'm on SI....... I get great, great insights and ideas from at least 100 people on this site..... GZ came up with a brilliant observation and call on the Yen 3 days ago.....I looked and yep it made an outside reversal to the downside and the EUR hit the magic 1.20 level..... the ECB put the breaks on....as the Germans freak out when the EUR gets to expensive...... and you do not want angry Germans coming after you -vbg- Trading the markets is when you have done it for a long time..... it is very much like sports .... where a baseball player gets "into the zone" and while in "the zone" the ball looks like its coming to the plate in slow motion and it looks as big as a beach ball..... and you just go on a run.... it's like when the Famous Piffer club of Tom D. Jorj X McKie, Jan and Tom Dorsey used to host all those get togethers out in Vegas.... and occasionally Reno.... They were hard core craps players...especially Tom.... he would go to Vegas and come back up or down 30 or 50 K.......... craps is a very statistical game... there are times when there are actually fair odds... and ways to create close to an arbitrage situation...... but when the table gets hot.... It's like hoping in a stock like NVDA in April of 2016 and you just let the hot table run...... and with NVDA... You just stick those trades in the bottom drawer and sit back and wait until you have the 10 bagger..... and go off in search of the next big thing..... The flip side is shorting the overloved overowned stocks that have gotten way over valued.... and u stick with the ones that the public buys because they know the product and love the product and figure the stock is going to the sky because the product is tasty..... Boston Markets, Krispy Kreme, Chipotle..., Donna Karen... which went bust, Michael Kors that had the living daylights beaten out of it this year..... I'm sure we could come up with 100 or even a thousand examples of a fad stock that went to the stars and crashed and burned..... Ampex.. when they came out with cassette tapes in the late 1960's early '70's...... this technology is the bomb..... it's gonna change everything for everyone for every..... and no other company could every possibly look at those massive drive a supertanker through the Gross and Net profit margins....... and then you know what. other entrepreneurs see the fortune being made and say... I can do that too. and the margins collapse and the competition is fight to the death, as you have made the capital investment and you figure that you can lower prices and drive the other guys out of business.... It worked great for Henry Flagler and John D Rockefeller with the Standard..... and they got the railroads to give them rebates not only on the oil they shipped on the trains, but also a rebate on the competitors shipments of crude on the railroads as well.... Just grease some palms, cut a deal and just like in Monopoly form a little team .. a "syndicate" and wipe everyone else out.... As you know being a Houstonian..... when I was in High school at Memorial....we had a bunch of sayings.... 2 of them that always seemed appropriate are *"That's the way it goes heading west"* and the infamous one of my generation.... " It's all going down"....... which meant that things and good things were happening and they are happening now ... and they are like a row of dominoes tumbling......... easy peasy....... as they say JP

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