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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Mike 2.0 who wrote (7735)	7/13/1999 9:38:00 AM
From: LauA	Read Replies (2) \| Respond to of 78495

FWIW - Futures trading: Does anyone have experience with futures position trading? The concept is to buy contracts, without leverage (no margin), which are at historic lows. (Historic can mean 1200 years for wheat.) They get rolled until the price reverts to the mean. Two years ago frozen OJ was good, last year pork bellies, last fall gasoline, and now cocoa. I know of value-type people who do it. I don't know what type of return to expect. I have no personal experience. Theoretically the risk is very low - never a chance to go to zero. Lau

To: Mike 2.0 who wrote (7735)	7/13/1999 9:38:00 AM
From: Michael Burry	Read Replies (1) \| Respond to of 78495

Off-topic In futures, I learned a lot about TA. The frustrating thing was it worked. You could actually predict the moves. But slippage ate away everything. I was up big at times, never down big. I left with 98% of my original capital as soon as I realized I would have to quit my day job to do it right. The friend that got me into it did quit his day job and is doing ok. There's a way to win at everything. It just has to be found. Mike