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To: Sweet Ol who wrote (154643)7/30/2011 6:52:15 PM
From: tom pope  Respond to of 206087
 
Yes, but the first barrel sold will go out at the lower price. The tank is never emptied, but the continuing sales are always of the cheapest barrel on hand, assuming a rising price environment. It evens out when the comapny liquidates.

( Not that I agree with the recommendation - I don't)



To: Sweet Ol who wrote (154643)7/30/2011 8:53:56 PM
From: Peter van Steennis  Read Replies (1) | Respond to of 206087
 
John:

What do your bands show for HDY?

TIA

Peter



To: Sweet Ol who wrote (154643)7/31/2011 7:29:25 AM
From: elmatador1 Recommendation  Respond to of 206087
 
Thanks, John.



To: Sweet Ol who wrote (154643)7/31/2011 9:25:40 AM
From: tom pope  Read Replies (1) | Respond to of 206087
 
Sorry - big oops - you wrote LIFO, my brain read FIFO - so everything I wrote was back asswards. Sorry!