Vegas Free-for-All - Every Time I've Seen Gas Go To A New Low......

alanleroy

Feb 4, 2015
3:40am

Quote

Originally posted by: snidely333

Quote
Originally posted by: alanleroy
Quote
Originally posted by: snidely333
I took a short position in SM Energy this morning.

Snidely didn't you just say yesterday you were looking to make some bullish oil investments? Sounds like you're shooting craps. Are you a day trader now?

SM went up a lot yesterday in oil's upward spike. I figured there are a lot of people that were waiting for that spike to get out of some losing positions.

"Okay, pork belly prices have been dropping all morning, which means that everybody is waiting for it to hit rock bottom, so they can buy low. Which means that the people who own the pork belly contracts are saying, "Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip!...So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it. "

Billy Ray Valentine
Trading Places

Don

Feb 4, 2015
12:15pm

Block User

Quote

Originally posted by: alanleroy
"Okay, pork belly prices have been dropping all morning, which means that everybody is waiting for it to hit rock bottom, so they can buy low. Which means that the people who own the pork belly contracts are saying, "Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip!...So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it. "

Billy Ray Valentine
Trading Places

Hog prices are, indeed, falling.

"For the past two decades, chicken has outranked beef as the most produced meat, and now pork is about to surpass it as well. Hog herds have rebounded from a deadly virus last year, while record-high meat prices and cheaper feed led to breeding of more sows and bigger pigs. As pork output in 2015 jumps 4.6 percent to a record, cattle ranchers have yet to recover from a 2012 drought, and beef production is headed for a 22-year low, the U.S. Department of Agriculture estimates.
When porcine epidemic diarrhea virus killed millions of piglets across the country in 2014, prices for bacon and pork chops surged to all-time highs as supplies tightened. With more hogs arriving in recent months and demand increasing, costs are dropping for buyers including Domino’s Pizza Inc. and Hormel Foods Corp."
Ref: Bloomberg - It's Pork Over Beef in America for the First Time Since 1952

Boilerman

Feb 4, 2015
9:38pm

Block User

I loved that movie.

Quote

Originally posted by: alanleroy

Quote
Originally posted by: snidely333
Quote
Originally posted by: alanleroy
Quote
Originally posted by: snidely333
I took a short position in SM Energy this morning.

Snidely didn't you just say yesterday you were looking to make some bullish oil investments? Sounds like you're shooting craps. Are you a day trader now?

SM went up a lot yesterday in oil's upward spike. I figured there are a lot of people that were waiting for that spike to get out of some losing positions.

"Okay, pork belly prices have been dropping all morning, which means that everybody is waiting for it to hit rock bottom, so they can buy low. Which means that the people who own the pork belly contracts are saying, "Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip!...So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it. "

Billy Ray Valentine
Trading Places

Boilerman

Feb 4, 2015
9:52pm

Block User

Boiler also read this article a couple of days back. Beef is my favorite, and I'm hoping that prices drop it's been quite a bullish market.

Quote

Originally posted by: DonDiego

Quote
Originally posted by: alanleroy
"Okay, pork belly prices have been dropping all morning, which means that everybody is waiting for it to hit rock bottom, so they can buy low. Which means that the people who own the pork belly contracts are saying, "Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip!...So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it. "

Billy Ray Valentine
Trading Places

Hog prices are, indeed, falling.

"For the past two decades, chicken has outranked beef as the most produced meat, and now pork is about to surpass it as well. Hog herds have rebounded from a deadly virus last year, while record-high meat prices and cheaper feed led to breeding of more sows and bigger pigs. As pork output in 2015 jumps 4.6 percent to a record, cattle ranchers have yet to recover from a 2012 drought, and beef production is headed for a 22-year low, the U.S. Department of Agriculture estimates.
When porcine epidemic diarrhea virus killed millions of piglets across the country in 2014, prices for bacon and pork chops surged to all-time highs as supplies tightened. With more hogs arriving in recent months and demand increasing, costs are dropping for buyers including Domino’s Pizza Inc. and Hormel Foods Corp."
Ref: Bloomberg - It's Pork Over Beef in America for the First Time Since 1952