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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (14665)5/28/2004 6:57:20 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 110194
 
Agree that the long specs must be shaken out before the energy stocks can move in a major way. That probably will require a substantial drop in crude to $35 or even lower.



To: russwinter who wrote (14665)5/28/2004 10:34:51 PM
From: rz  Read Replies (1) | Respond to of 110194
 
Russ,

Are you looking at this?:
commitmentsoftraders.com

If so, then how about the following explanation: Commercials have to be short (to hedge). The amount is determined by their mercurial outlook on things that matter and partially random. Poor speculators are left to take the long side of the trade. The quantity is determined by commercials and since they are often wrong, it does not really matter.

Let me know what you think.
rz


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