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TFC Commodity Trading Forum

Re: KC: Free to Go! nothing's free in life

Neecha, Neecha? Where are you? Suddenly silent, cat got your forked tongue? I'm up over $10,000 on my two short coffees in just a week. And YOU, the Neechster, have lost almost half the option value, that's right, you're down 50% on your September WOOM coffee calls in that same time period. Being wrong is one thing, we are human. But to be deliberately deceptive and purposefully avoid owning up to reckless recommendations is totally without balls. Consider yourself owned, Mr Maharishi Yogi. Whatever.....

In Response To: KC: Free to Go! *PIC* (Neecha Bhunga & Randolph)
You might want to check your ego meter reading every so often. Dare I say that pompous proclamations regards coffee price projection do not fall within the purview of enlightened awareness. Shouting that coffee is now "free to go up because of a lone and rather lame wedge pattern is more part and parcel of wanting to be noticed, of calling a bottom to an obvious bear market. If so, be it. You are hereby noticed. Welcome to the discussion board and thank you for your very distinct opinion and reasonings.

Oh, might I add, the recommendation to purchase W.ay O.ut O.f the M.oney (WOOM) call options is downright reckless. Any trader of longevity knows the seductive fallacy of WOOM option buying. But, of course, there is that one in a million shot at turning a profit in the event of cataclysm. And you are indeed betting on just that. September WOOM calls you claim to be buying? The $3call is about 4cents, around $1500 cash. May I put you down for a couple of those, since you did use the plural when indicating you bought or will buy. So, that's $3000 on a couple of $3 SepCoffee calls, right? It would be a pleasure to track your trade right into the money with a coffee freeze this Brazilian winter. And do please keep us informed if you are buying more coffee calls, either averaging up or down, will you?

Me, I've shorted a pair of May Coffee futures @221.30 this morning with the anticipation of prices declining to below $2 within the month. Can both of us be right?