Quite literally, you have NO idea what you are talking about. Everything you post is WILLFULLY ignorant, inexcusable, really.
There was NO invective in my last post, by the way, only what might have been eye opening insights.
Let me go pack to one point where you ignorance stands exposed. Hunter contracts at 10 cents are NOT undervalued by the market. And this has nothing whatsoever with whether or not I like another candidate. Even if I were a die-hard Hunter fanatic, this fact would remain. It’s OBVIOUS.
The Hunter contracts are OVERVALUED at 10 cents, and that’s precisely the reason there are no buyers. How many barrels of south texas light would be sitting on the loading dock unsold if they were priced at $10 a barrel? Exactly none. But what if they were priced a $1,000 a barrel. They’d sit there forever, just like the Hunter contracts are doing at 10 cents.
Come on, man, think about what you are saying! Unless you WANT to be taken for a fool.
Quite literally, you have NO idea what you are talking about. Everything you post is WILLFULLY ignorant, inexcusable, really.
***The same analysis is over at Intrade and the same levels of discussion among traders appears to suggest that you do not know what you are talking about.
There was NO invective in my last post, by the way, only what might have been eye opening insights.
***You’re just defending your candidate, the one who lost 30 points on Intrade, who’s dropping in the polls, has no fire in the belly and is now in the way of the best conservative in the race.
Let me go pack to one point where you ignorance stands exposed. Hunter contracts at 10 cents are NOT undervalued by the market. And this has nothing whatsoever with whether or not I like another candidate. Even if I were a die-hard Hunter fanatic, this fact would remain. It’s OBVIOUS.
***And yet, the Intraders seem to think it’s not so OBVIOUS. Once the bias of your position is removed, you end up just looking like someone who’s trying to support his candidate, on a pitiful thread where that candidate says his poll numbers will turn around. By now, Fred was supposed to be knocking out tootyfruityrudy, but instead we see him grovelling for patience from his supporters.
The Hunter contracts are OVERVALUED at 10 cents, and that’s precisely the reason there are no buyers.
***Cool. So it’s time for the Hunter folks to tell their friends and go & buy those contracts. There was only ~$2200 in contracts offered at the time and in one swoop the price would have gone up 5X.
How many barrels of south texas light would be sitting on the loading dock unsold if they were priced at $10 a barrel? Exactly none. But what if they were priced a $1,000 a barrel. They’d sit there forever, just like the Hunter contracts are doing at 10 cents.
***And how do you find bargains? If you found a thousand barrels at $1/bbl for sale because they had been sitting around for a long time, would they be a good bargain? Hunter is a bargain right now. The oil market is pretty efficient, and yet every once in awhile there are bargains. There’s even arbitrage in that market — I’ve heard that ships will load up their tankers, go to some other country, sit for a few days, sail around the world and sell the same oil that was supposed to sell at some predetermined price but now it’s from XYZ country so that rule no longer applies and they sell it at market price.
Come on, man, think about what you are saying! Unless you WANT to be taken for a fool.
***Feel free to take on my analysis on the Intrade forum with other traders. Putting stuff in capitals is impressive. But I don’t see you over there where your analysis would fall apart instantly due to your obvious bias for your candidate.